flag This property
sold
for
$870,000 6 years ago.
707 W 48th Street
Los Angeles,
CA 90037
Sitting on 6,791 Square feet of land zoned for LARD1.5, 707 West 48th Street was built in 1924 and consists of four 2 bed/1 bath units with an average size of 1,189 square feet. This property will also be delivered with two vacant units that will allow an investor to immediately remodel and achieve market rents. Again, due to the current layout of the existing upstairs units in this building, there might an opportunity to add an additional bedroom and to convert two of the units to 3 bed/1 bath units. Again, Buyer will have to verify with the Department of Building and Safety and the Housing Department to confirm if this will be possible. 701 & 707 can be bought individually, with residential financing, or together as a portfolio.
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Listing Agent: Sevak Keshishian | Office: Marcus & Millichap
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