1645 W 48th Street, Los Angeles, CA 90062

• 10,990 sqft

Property Description

We are pleased to present 1645 W 48th Street, a high-yield mixed-use opportunity in South Los Angeles featuring 10 apartment units and 3 ground-floor retail spaces on a signalized hard corner at 48th Street and Vernon Avenue. The property benefits from over 28,000 vehicles per day on Western Avenue, Metro Local bus stops at both cross streets, and convenient access to major employment hubs throughout the region.All three retail units are fully leased to faith-based tenants, among the most reliable commercial tenants in the market. Faith-based organizations historically demonstrate low turnover, consistent payment, and deep community ties that anchor them to a location long term, adding durability and predictability to the income stream that compares favorably to the vacant or month-to-month commercial exposure found in competing listings. Offered at a 6.72% CAP rate and 7.87 GRM on current income, the asking price of $186 per square foot represents a basis that is difficult to find on a cash-flowing mixed-use asset anywhere in Los Angeles today. Current rents reflect a solid in-place foundation with meaningful room to grow as leases turn over. The residential component consists of six one-bedroom and four two-bedroom units appealing to a broad renter base across the South LA subm

Listing Status:

Active

Date Added:

April 6, 2026

Data Last Updated:

April 18, 2026 at 7:08AM

Listing Office:

Lyon Stahl Investment Real Estate, Inc. : 310-425-9838

Listing Agent:

Benjamin Lee : 347-579-3071

MLS ID:

CL26684907

Interior

• Heating: ElectricWall Furnace

Exterior

• Parking: Parking spaces: 0

Location

• County: Los Angeles

Lot

• Zoning: LAC25016017006