Mixed-Use Property with
For Sale
$1,975,000
1645 W 48th St, Los Angeles, CA 90062
Signalized corner asset combines leased ground-floor commercial space with an apartment component.
Property Size10,990 SF
Price / SF$179.71
Days on Market146
Property Features for 1645 W 48th St
General Information
Standard status
Active
Size
10,990 SF
Property subtype
MULTI_FAMILY
Financials
Cap Rate
6.72%
Gross Rent Multiplier
7.87
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
6 x 1BR, 4 x 2BR
Multifamily Units
10
Building Details
Building Size
10,990 SF
Year Built
1912
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Benjamin Lee · License #02123715
Source:
Benbelack
Added: Apr 6
Changed: Aug 29
Last Checked: Jul 29 at 10:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property, built in 1912, contains 10 apartment units and 3 ground-floor retail spaces. The residential mix includes six one-bedroom apartments and four two-bedroom apartments. A majority of the units have updated stainless steel appliances, wood-style flooring, and refreshed bathrooms. All three retail spaces are leased to faith-based tenants.
The property occupies a signalized corner at 48th Street and Vernon Avenue in Los Angeles. Western Avenue generates over 28,000 vehicles per day, while Metro Local bus stops are positioned at both cross streets. The combination of residential units and street-level commercial space creates a diversified physical layout within a single asset.
The property occupies a signalized corner at 48th Street and Vernon Avenue in Los Angeles. Western Avenue generates over 28,000 vehicles per day, while Metro Local bus stops are positioned at both cross streets. The combination of residential units and street-level commercial space creates a diversified physical layout within a single asset.
Key Highlights
- 10 apartment units plus 3 ground‑floor retail spaces
- Residential mix includes six one‑bedroom and four two‑bedroom units
- All three retail spaces are leased to faith‑based tenants
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
952
Businesses Nearby
Explore this area
Business Placement
Demographics for 90062, CA
32,524
Population
10,060
Households
3.2
Avg Household Size
36
Median Age
17%
College-Educated
65%
High-School Grad
1.9 sq mi
ZIP Area
17,118
Density / Sq Mi
$63,652
Median Household Income
$35,911
Median Earnings
$1,473
Median Rent
$672,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Signalized corner asset combines leased ground-floor commercial space with an apartment component.
Where is this mixed-use property located?
The property is located at 1645 W 48th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: 10 apartment units plus 3 ground‑floor retail spaces; Residential mix includes six one‑bedroom and four two‑bedroom units; All three retail spaces are leased to faith‑based tenants
