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1163 E 48Th St, Los Angeles, CA 90011
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1163 E 48Th St Los Angeles, CA 90011

$680,500 Sold Price as of 07/06/2023
  • 6 Beds
  • 3 Baths
  • 3,732 Sq.Ft.
Sold
$680,500 Sold Price as of 07/06/2023 Refinance Your Mortgage
Map preview of 1163 E 48Th St, Los Angeles, CA 90011

Property Overview: 1163 E 48Th St Los Angeles, CA has 6 bedrooms, 3 bathrooms, 3,732 living square feet and 6,809 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Here is a fantastic chance to purchase a spacious multi-family building that spans two floors and has three units. The first floor consists of two units that each have 2 bedrooms and 1 bathroom, while the second floor has a larger unit with 2 bedrooms and 2 bathrooms. The property also offers ample parking, including three garage spaces and additional spots on the premises. This is a rare investment opportunity as there are currently no other properties of this size and type available in the area. Don't miss out!

Listed by Katherine Vargas | BRE #01824109 | Katherine Vargas
Last checked: 12 minutes ago | Last updated: July 6th, 2023 | Source CRMLS | DOM: 42

Home details

Lot Sq. Ft
6,809
HOA Dues
$0/mo
Year built
1928
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
P1-13684
City
Los Angeles
County
Los Angeles
Time on Site
398 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,306
  • Total Rent: $1,306
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,142
  • Total Rent: $2,142
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $4,949
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 1163 E 48Th St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Sprinklers None
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5107017008
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable
  • Directions: Nearest main streets are E Vernon St and S Central Ave
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1163 E 48Th St

Last sold for $680,500 on July 6th, 2023

  • July, 2023

  • Jul 6, 2023

    Date

    Sold

    CRMLS: P1-13684

    $680,500

    Price

  • May 20, 2023

    Date

    Active

    CRMLS: P1-13684

    $750,000

    Price

  • May, 2018

  • May 29, 2018

    Date

    Expired

    CRMLS: 314032458

    --

    Price

  • Listing provided courtesy of CRMLS

    A great opportunity, large multi-family building consisting of 3 units. First floor consist of two (2BR-1BA) units with combined rents of $2,400/month. On the 2nd floor, the larger 7BR-2BA is ready for an owner occupy buyer with rental income from downstairs to supplement the mortgage. Or for buyers who are considering solely for an investment, place your own new tenant at a projected market rent of $2,500 for a combined gross income of $4,900/monthly. Plenty of parking with 3 garage spaces plus additional parking spaces on site. Don't miss out on this excellent opportunity.

  • March, 2015

  • Mar 1, 2015

    Date

    Expired

    CRMLS: P0-314032458

    $599,000

    Price

  • Oct 15, 2014

    Date

    Active

    CRMLS: P0-314032458

    $599,000

    Price

  • Listing provided courtesy of CRMLS

    A great opportunity, large multi-family building consisting of 3 units. First floor consist of two (2BR-1BA) units with combined rents of $2,400/month. On the 2nd floor, the larger 7BR-2BA is ready for an owner occupy buyer with rental income from downstairs to supplement the mortgage. Or for buyers who are considering solely for an investment, place your own new tenant at a projected market rent of $2,500 for a combined gross income of $4,900/monthly. Plenty of parking with 3 garage spaces plus additional parking spaces on site. Don't miss out on this excellent opportunity.

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Tax History for 1163 E 48Th St

Assessed Value (2020): $288,594
Year Land Value Improved Value Assessed Value
2020 $123,680 $164,914 $288,594

Home Value Compared to the Market

This property vs the competition

1163 E 48Th St sold on July 6, 2023 for 41.13% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $200.96 per/sqft which puts the price per square foot 74.59% lower than the current median sale per square foot for the city of Los Angeles.

About 1163 E 48Th St

Detailed summary of property

1163 E 48Th St is a triplex that recently sold in Los Angeles, CA 90011. This triplex offered 6 bedrooms, 3 bathrooms, roughly 3,732 living square feet, and sits on an approximately 6,809 square foot lot. 1163 E 48Th St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $680,500. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 41.13% lower than the current median priced home. Local homes that are currently for sale include 507 E 59th Pl, 128 E 54th St and 424 E 61st Street. While the average home in Los Angeles, CA is selling in 102 days, 1163 E 48Th St has a days on market of 42 days. There are currently 3917 homes for sale in the Los Angeles real estate market and 2621 of them are single family homes while 1181 of them are condos and 107 are townhomes. For more information on this home for sale at 1163 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 1163 E 48Th St

Public county record property details
Beds
6
Baths
3
Year built
1928
Sq. Ft.
3,732
Lot Size
6,809
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5107-017-008

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
$649,000
Median List Price/Sq.Ft.
$493
Median Sold Price
$670,000
Median Sold Price/Sq.Ft.
$485
Total Inventory
47
Median Sale to List Price %
111.69%
Avg Days on Market
8
Loan Type
Conventional (16.67%), FHA (33.33%), VA (0%), Cash (0%), Other (33.33%)

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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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