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1013 E 48Th St, Los Angeles, CA 90011
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1013 E 48Th St Los Angeles, CA 90011

$669,000 Sold Price as of 11/30/2020
  • 6 Beds
  • 4 Baths
  • -- Sq.Ft.
Sold
$669,000 Sold Price as of 11/30/2020 Refinance Your Mortgage
Map preview of 1013 E 48Th St, Los Angeles, CA 90011

Property Overview: 1013 E 48Th St Los Angeles, CA has 6 bedrooms, 4 bathrooms, -- living square feet and 7,343 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Beautiful 4 unit income property located next to Los Angeles Downtown. This property has enormous parking space. Huge space behind the unit has alley for easy access and can be used for future project. Close distance to USC and Downtown. Easy access to I-10 & 110 freeways. Walking distance to familiar restaurant, shops, and entertainment nearby. Cooperative tenants and friendly neighborhoods. Lost of upside potential. Come and check out this amazing property before it's gone.

Listed by Ian Bhak | BRE #01874328 | Hole In One Realty
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 106

Home details

Lot Sq. Ft
7,343
HOA Dues
$0/mo
Year built
1909
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20587504
City
Los Angeles
County
Los Angeles
Time on Site
1347 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $803
  • Total Rent: $803
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $803
  • Total Rent: $803
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $803
  • Total Rent: $803
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.89
  • Gross Scheduled Income: --
  • Net Operating Income: $30,685
  • Gross Operating Income: $46,941
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1013 E 48Th St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Oven
Interior Features
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Guest, Oversized
Property Information
  • Total # of Units: 4
  • Parcel Number: 5108022011
  • Property Condition: Updated/Remodeled
Location / Neighborhood
Location Information
  • Directions: South of Vernon Ave, West of Central Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 1013 E 48Th St

Last sold for $669,000 on November 30th, 2020

  • December, 2020

  • Dec 1, 2020

    Date

    Sold

    CRMLS: 20587504

    $669,000

    Price

  • Nov 16, 2020

    Date

    Pending

    CRMLS: 20587504

    $699,000

    Price

  • Sep 23, 2020

    Date

    Active Under Contract

    CRMLS: 20587504

    $699,000

    Price

  • Jul 21, 2020

    Date

    Active

    CRMLS: 20587504

    $699,000

    Price

  • Jun 29, 2020

    Date

    Active Under Contract

    CRMLS: 20587504

    $699,000

    Price

  • Jun 12, 2020

    Date

    Active

    CRMLS: 20587504

    $699,000

    Price

  • Jun 10, 2020

    Date

    Active Under Contract

    CRMLS: 20587504

    $699,000

    Price

  • Jun 8, 2020

    Date

    Active

    CRMLS: 20587504

    $699,000

    Price

  • November, 2020

  • Nov 30, 2020

    Date

    Sold (Public Records)

    Public Records

    $669,000

    Price

  • May, 2020

  • May 27, 2020

    Date

    Canceled

    CRMLS: 20545240

    $699,000

    Price

  • Apr 16, 2020

    Date

    Price Change

    CRMLS: 20545240

    $699,000

    Price

  • Jan 18, 2020

    Date

    Active

    CRMLS: 20545240

    $729,000

    Price

  • Listing provided courtesy of CRMLS

    Wonderful 4 unit income property located near Los Angeles downtown. This property also presents long driveway followed by enormous parking space. Huge space behind the unit has alley for easy access and can be used for future project. Close distance to University of Southern California and Downtown Los Angeles. Easy access to I 10 & 110 freeways. Neighboring familiar restaurants and shops, along with other entertainments nearby. Friendly tenants and neighborhoods. Lots of upside potential. Come and check out this amazing property before it's too late!

  • April, 2019

  • Apr 11, 2019

    Date

    Canceled

    CRMLS: PV19035200

    $625,000

    Price

  • Feb 15, 2019

    Date

    Active

    CRMLS: PV19035200

    $625,000

    Price

  • Listing provided courtesy of CRMLS

    Fourplex in a well established Los Angeles neighborhood. Units features four 1 Bedrooms and 1 Bathroom units; each includes Living Room and Kitchen. 14 parking spaces reserved for tenants and guest. Great Investment opportunity. All units are individually metered for electric and gas. Landlord pays for sewer/water bill. Easy access to 110 freeway. Not to be missed!

  • September, 2018

  • Sep 6, 2018

    Date

    Expired

    CRMLS: 18367402

    $640,000

    Price

  • Aug 8, 2018

    Date

    Price Change

    CRMLS: 18367402

    $640,000

    Price

  • Jul 21, 2018

    Date

    Active

    CRMLS: 18367402

    $590,000

    Price

  • Listing provided courtesy of CRMLS

    Please Drive by Only. Do Not Disturb Occupants. 4 Units of Multi-Family Income Property. The Very Spacious Lots on the Area. Near by Down Town, School, Commercial Area, Public Transportation Etc. The Property is Sold "As-Is" .The Property will be a Fantastic Opportunity for the Investor. 14 Parking of cars is Available in the Huge Lots.

  • October, 2017

  • Oct 17, 2017

    Date

    Sold

    CRMLS: MB17112044

    $510,000

    Price

  • Aug 18, 2017

    Date

    Pending

    CRMLS: MB17112044

    $499,000

    Price

  • Jun 14, 2017

    Date

    Active

    CRMLS: MB17112044

    $499,000

    Price

  • Jun 9, 2017

    Date

    Active Under Contract

    CRMLS: MB17112044

    $499,000

    Price

  • May 19, 2017

    Date

    Active

    CRMLS: MB17112044

    $499,000

    Price

  • Listing provided courtesy of CRMLS

    A big Quadruplex fully rented, good tenants. Big property in one of the biggest lots on the area. Location is perfect near by to schools, Fwy. down town, commercial area, public transportation. etc. BACK TO THE MARKET AS OF TODAY 06/14/17

  • October, 2017

  • Oct 16, 2017

    Date

    Sold (Public Records)

    Public Records

    $510,000

    Price

Show More

Tax History for 1013 E 48Th St

Assessed Value (2020): $530,604
Year Land Value Improved Value Assessed Value
2020 $384,948 $145,656 $530,604

Home Value Compared to the Market

This property vs the competition

1013 E 48Th St sold on November 30, 2020 for 37.59% lower than the current median sold price for the city of Los Angeles which is $1,120,000.

About 1013 E 48Th St

Detailed summary of property

1013 E 48Th St is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 6 bedrooms, 4 bathrooms, roughly -- living square feet, and sits on an approximately 7,343 square foot lot. 1013 E 48Th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $669,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 37.59% lower than the current median priced home. Local homes that are currently for sale include 623 E 36th St, 851 E 32nd St and 3217 Morgan Ave. While the average home in Los Angeles, CA is selling in 106 days, 1013 E 48Th St has a days on market of 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1013 E 48Th St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1013 E 48Th St

Public county record property details
Beds
4
Baths
4
Year built
1909
Sq. Ft.
2,654
Lot Size
7,343
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5108-022-011

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$625,000
Median List Price/Sq.Ft.
$531
Median Sold Price
$590,000
Median Sold Price/Sq.Ft.
$438
Total Inventory
50
Median Sale to List Price %
102.61%
Avg Days on Market
46
Loan Type
Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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