Investment Highlights
- Brand new construction with NO Rent Control (not under Los Angeles RSO and not under California AB1482 – Buyer to verify.)
- High-end Construction quality with Townhouse like layout (no stacked units)
- Proximity to USC, the Coliseum, LAFC Soccer Stadium, BMO Stadium, and the Billion-Dollar new Lucas Museum of Narrative Art
- ALL Units can be delivered vacant.
- Ideal 1031 Exchange Property with Low Maintenance & strong cash flowing property
- Close to Metro, 110 and 10 Fwy- Close to DTLA, Korea Town and USC Village
- Upside Potential to convert existing Two Car Garage into ADU (Buyer to conduct Due Diligence)
- Amenities Rich area: Located in the heart of South-East LA this property grants residents’ access to a wide array of local amenities including USC, USC Village, LAFC professional soccer team California stadium, Crypto Arena (home of the Lakers and LA kings) From shopping centers and restaurants to parks and recreational facilities, everything is within reach, enriching the quality of life for tenants and justifying high rents.
Property Highlights.
- BRAND NEW CONSTRUCTION completed in 2024: Hassle free maintenance property for the next several years.
- MINIMUM COST to OPERATE and MAINTAIN: Solar Panel installed for common area electricity, no landscaping with artificial turf, brand new system
- NON-RENT CONTROL building (buyer to verify)
- Townhouse Style Layout with each unit offers a penthouse style Master bedroom complete with private balcony with views and walk-in space.
- Excellent Unit Mix that includes (3) 3B + 2B with ample parking spaces. That includes a two-car garage.
- ALL 3-Unit Turnkey Property: In-Unit Washer-Dryer hook up, new flooring, new kitchen, new bathroom, new HVAC units, and much more.
- Garage be used a car charging port or can be turned into another unit (buyer to do their own due diligence.
- The front unit has a beautiful view of DTLA from the master bedroom.
Executive Summary
Growth Investment Group California proudly presents 136 W 48th Street, a newly built luxury townhome-style apartment for sale. The property was completed in 2024 which made this asset exempt from Los Angeles RSO (rent control) and exempt from California AB1482 (rent control). The property was built with high-end finishes with future sustainability and ease of maintenance in mind: solar panels, artificial turf to reduce water consumption. It has a total of ±4,150 SF and is situated on a ±4,752 SF Lot. It offers superb curb appeal with modern finishings and townhouse style layout. These features would present an almost maintenance free asset for the next several years and minimum cost to operate on a NON-Rent Control building.
All units have three levels with beautiful amenities, in-unit Washer-Dryer hookups, and a penthouse style master bedroom. The building consists of (3) 3 Bedrooms + 2 Bathrooms Units that are NOT UNDER Los Angeles Rent Stabilization Ordinance. Due to its recent construction, the three units are almost maintenance-free, considering the new roofs, plumbing, electrical, sewer lines, and amenities included. The property offers a large backyard with ample parking, including a 2-car garage. Buyers must do their due diligence regarding converting the garage into an ADU.
Combining the strong CAP Rate of north of 5%, Non-Los Angeles Rent Stabilization Ordinance, and ease of maintenance, this offering is perfect for an experienced investor looking for solid & consistent cash flow with little to no maintenance. This property is in a high-density and in-demand area, providing rental growth for future vacancies. It is centrally located in a highly desirable location just minutes away from the home of LAFC, our city’s premier professional soccer team, USC, Crypto Arena, Home of the Lakers, Clippers, and LA Kings.) Expo Park and the Metro Green Line.
Location & Amenities
5-minute drive to LA Coliseum, BMO Stadium, the soon-to-be-completed George Lucas Museum of Narrative Art, BMO Stadium (LAFC Soccer team), Exposition Park, and USC. 10-minute drive to Crpto.com, home of the Lakers, Clippers, and LA Kings Hockey. Nearby schools: New Community High School right across the street (Augustus Hawkins High School), USC Hybrid High School (632nd Best School in the Nation), Barack Obama Global Preparation Academy, 32nd Street / USC Performing Arts Magnet, Los Angeles Academy Middle School, Clinton Middle School, Wallis Annenberg Highschool, Nativity Catholic School and much more. Close proximities to dozens of family-friendly amenities and retailers such as Chick-Fil-A, Chipotle, Numero Uno Grocery Market, Wells Fargo’s Bank, Exposition Park, Rose Garden, California Science Center, Natural History Museum of Los Angeles, and more. Its location provides easy access to many of the city’s largest employers and major retailers, including AIG, US Bank, and others. The property is near Restaurant Row LA Live, DTLA, and other major shopping districts. Easy access to 110, 105, 10 Freeway