10-Unit Courtyard Apartment
For Sale
$1,495,000
536 W 48th St, Los Angeles, CA 90037
Residential Income, Bungalow, Los Angeles, CA
Property Size4,592 SF
Lot Size0.16 Acres
Price / SF$325.57
Days on Market49
Property Features for 536 W 48th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LARD1.5
Bedrooms
10
Bathrooms
10
Full bathrooms
2
Rooms
Bedroom 8, Bedroom 9, Bathroom 9, Bedroom 4, Bedroom 7, Bathroom 5, Bathroom 6, Bedroom 6, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 10, Bathroom 2, Bathroom 8, Bathroom 7, Bathroom 1, Bedroom 3, Bathroom 10, Bedroom 1, Bathroom 3
Security features
Security Lighting
Lot features
Fenced Yard, Fenced, Exterior Security Lights, Lot Shape- Rectangular, Front Yard, Single Lot
Directions
.
Subdivision
Downtown L.A.
Standard status
Active
APN
5018-025-009
Size
4,592 SF
Lot size
0.16 Acres
Utilities
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s)
Building Details
Year built
1925
Floors in Building
2
Number of units
10
Architectural style
Bungalow
Listing Agency:
Equity Union
(818) 989-2000
Listed By:
Joshua Yeager · License #01979446
(818) 741-8010
Added: Sep 1
Changed: Oct 12
Last Checked: Oct 19 at 1:06PM
MLS# 26938421
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1925, this 10-unit apartment property contains eight one-bedroom, one-bath apartments and two studios. The gated courtyard layout provides each unit with access at both the front and rear. Improvements include a replacement roof, copper plumbing throughout, exterior repainting, and interior renovations to seven units. Gas and electricity are separately metered, and the city provides trash service. Heating is natural gas, with wall/window air-conditioning units.
The property is in Los Angeles near USC, Exposition Park, BMO Stadium, the LA Memorial Coliseum, and the California Science Center. Retail corridors and the 110 Freeway are also nearby. Zoning is LARD1.5. The 4,592-square-foot building sits on a 0.156-acre lot. The stated cap rate is 7.01%, and current rents are estimated to be approximately 22% below market.
The property is in Los Angeles near USC, Exposition Park, BMO Stadium, the LA Memorial Coliseum, and the California Science Center. Retail corridors and the 110 Freeway are also nearby. Zoning is LARD1.5. The 4,592-square-foot building sits on a 0.156-acre lot. The stated cap rate is 7.01%, and current rents are estimated to be approximately 22% below market.
Key Highlights
- 10 apartments: 8 one‑bedroom/one‑bath units and 2 studio units
- 4,592 square feet on a 0.156‑acre lot
- Built in 1925; roof, copper plumbing, and exterior paint improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,190
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,800
$1.4M
Cap Rate 7%
$974,143
$974.1K
Cap Rate 9%
$757,667
$757.7K
Market Conditions
NOI Build-Up for 4,592 SF
Gross rent
$124.9K $27.19/SF
− Vacancy
−$874 −$0.19/SF
EGI
$124.0K $27.00/SF
− OpEx
−$55.8K −$12.15/SF
NOI
$68.2K $14.85/SF
Area
ZIP 90037
Vacancy
0.70%
Lease Rate
$27.19 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,800
Cap Rate 7%
$974,143
Cap Rate 9%
$757,667
Alternative Uses
Best Use
Apartment 5plus
$974.1K
$852.4K – $1.14M
NOI $68,190 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,952 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
10
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,755
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A gated Spanish-style courtyard community offers separate front and rear access for every apartment.
Where is this apartment building located?
The property is located at 536 W 48th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 10 apartments: 8 one‑bedroom/one‑bath units and 2 studio units; 4,592 square feet on a 0.156‑acre lot; Built in 1925; roof, copper plumbing, and exterior paint improvements
