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1047 W 48Th St, Los Angeles, CA 90037
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1047 W 48Th St Los Angeles, CA 90037

$780,000
  • 13 Beds
  • 11 Baths
  • 3,612 Sq.Ft.
For Sale
$780,000 Get Pre-Qualified
Map preview of 1047 W 48Th St, Los Angeles, CA 90037

Property Overview: 1047 W 48Th St Los Angeles, CA has 13 bedrooms, 11 bathrooms, 3,612 living square feet and 7,432 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This classic California Craftsman Fourplex features a total of 7 bedrooms and 5 bathrooms within 3,600 sq ft, situated on a spacious 7,340 sq ft lot. With abundant potential, this property is perfect for investors looking to remodel/renovate or those considering new construction. Check with LA County for development options. The property includes a two-story Craftsman home with 4 bedrooms and 2 bathrooms showcasing original architecture details throughout. Separate structure housing two 1-bedroom units and an additional 1-bedroom unit above a 2-car garage. There are a total of three structures on the lot. Currently occupied by long-term tenants. Please do not disturb occupants or walk on the property.

Listed by Rena Braud | BRE #01128549 | Compass
Co-listed by Clarke Ball | BRE #02115812 | Compass
Last checked: 5 minutes ago | Last updated: September 26th, 2024 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
7,432
HOA Dues
$0/mo
Year built
1909
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24443893
City
Los Angeles
County
Los Angeles
Time on Site
2 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,996
  • Total Rent: $1,996
  • Pro Forma/Market Rent: $4,400
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $842
  • Total Rent: $842
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,329
  • Total Rent: $1,329
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,010
  • Total Rent: $1,010
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: --
  • Net Operating Income: $62,136
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --
  • Gardener: $120
  • Water/Sewer: $140

Open Houses for 1047 W 48Th St

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Property Details for 1047 W 48Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace, Natural Gas
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage - Two Door, Street, Concrete, Assigned
Property Information
  • Has View
  • Total # of Units: 4
  • Parcel Number: 5017029057
  • Architectural Style: Craftsman
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Located in South Los Angeles: East of Western, West of Hoover, South of Martin Luther King Blvd, North of 54th St
View more facts & features

Local Los Angeles Agent

Sale History for 1047 W 48Th St

Last sold on May 13th, 2016

  • September, 2024

  • Sep 25, 2024

    Date

    Active

    CRMLS: 24443893

    $780,000

    Price

  • May, 2016

  • May 13, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2010

  • Jan 7, 2010

    Date

    Sold (Public Records)

    Public Records

    $189,000

    Price

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Tax History for 1047 W 48Th St

Assessed Value (2020): $223,653
Year Land Value Improved Value Assessed Value
2020 $118,024 $105,629 $223,653

Home Value Compared to the Market

This property vs the competition

1047 W 48Th St is listed 35% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771 and this home is listed at $215.95 per/sqft which puts the price per square foot 71.99% lower than the median price per square foot for the city of Los Angeles.

About 1047 W 48Th St

Detailed summary of property

1047 W 48Th St is a multi family located in Los Angeles, CA 90037 and is currently for sale. This multi family property offers 13 bedrooms, 11 bathrooms, roughly 3,612 living square feet, and sits on an approximately 7,432 square foot lot. 1047 W 48Th St was first listed on ArdentRealEstateGroup.com on September 26, 2024. The homeowner is currently asking $780,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $771. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 35% lower than the median priced home. Local competing homes currently for sale include 1500 W 50th St, 1054 W 58th Pl and 1519 W 54th St. While the average home in Los Angeles, CA is selling in 106 days, 1047 W 48Th St has a days on market of 3 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1047 W 48Th St Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1047 W 48Th St

Public county record property details
Beds
7
Baths
3
Year built
1909
Sq. Ft.
3,612
Lot Size
7,430
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
13,J
APN
5017-029-057

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$688,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$626,228
Median Sold Price/Sq.Ft.
$437
Total Inventory
35
Median Sale to List Price %
125.5%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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