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1240 W 48Th St, Los Angeles, CA 90037
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1240 W 48Th St Los Angeles, CA 90037

$945,000 Sold Price as of 12/01/2022
  • 5 Beds
  • 3 Baths
  • 2,300 Sq.Ft.
Sold
$945,000 Sold Price as of 12/01/2022 Refinance Your Mortgage
Map preview of 1240 W 48Th St, Los Angeles, CA 90037

Property Overview: 1240 W 48Th St Los Angeles, CA has 5 bedrooms, 3 bathrooms, 2,300 living square feet and 6,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is the one: Welcome to this California-style Craftsman that combines both its vintage character and modern touches! Front unit offers a functional floor plan with 4 large bedrooms and 2 full bathrooms. As you are driving up, there is no doubt of the stunning curb appeal displayed by the natural green hedged that is carefully maintained by the Owner for ultimate privacy, & minimal water usage. The property features maintained rock drought resistant garden and accessibility for parking up to 4 cars. This is a permitted (2)-unit property! Live in (1) and rent the others for instant rental income to offset mortgage payment. Situated in an unmatched location of prime Los Angeles real estate, commuters enjoy close proximity to USC Village with trendy restaurants & Trader Joe's/City Target, LA Coliseum, LAFC Stadium, and the Lucas Musuem which is under construction & a short commute to DTLA, Arts District, Baldwin Hills Mall, public transportation. Submit your offer asap to catch this one-of-a-kind home with tons of character & charm!

Listed by XIO SANDOVAL | BRE #01308913 | CENTURY 21 REALTY MASTERS
Last checked: 12 minutes ago | Last updated: December 2nd, 2022 | Source CRMLS | DOM: 40

Home details

Lot Sq. Ft
6,500
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Duplex
Status
Sold
MLS#
MB22201222
City
Los Angeles
County
Los Angeles
Time on Site
736 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $600
  • Gas/Fuel: $200
  • Trash: $300
  • Insurance: $1,400
  • Water/Sewer: $900

Virtual Tour

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Property Details for 1240 W 48Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Baseboard
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Wood
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Back Yard, Front Yard, Lawn, Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5017012009
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Private Sewer
  • Water Source: Private
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Between Vermont and Normandie
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1240 W 48Th St

Last sold for $945,000 on December 1st, 2022

  • December, 2022

  • Dec 1, 2022

    Date

    Sold

    CRMLS: MB22201222

    $945,000

    Price

  • Sep 14, 2022

    Date

    Active

    CRMLS: MB22201222

    $944,900

    Price

  • October, 2014

  • Oct 24, 2014

    Date

    Sold (Public Records)

    Public Records

    $445,000

    Price

  • October, 2014

  • Oct 24, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1240 W 48Th St

Assessed Value (2020): $489,344
Year Land Value Improved Value Assessed Value
2020 $335,175 $154,169 $489,344

Home Value Compared to the Market

This property vs the competition

1240 W 48Th St sold on December 1, 2022 for 15.63% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $410.83 per/sqft which puts the price per square foot 43.26% lower than the current median sale per square foot for the city of Los Angeles.

About 1240 W 48Th St

Detailed summary of property

1240 W 48Th St is a duplex that recently sold in Los Angeles, CA 90037. This duplex offered 5 bedrooms, 3 bathrooms, roughly 2,300 living square feet, and sits on an approximately 6,500 square foot lot. 1240 W 48Th St was first listed on ArdentRealEstateGroup.com on September 14, 2022. The homeowner sold the property for $945,000. 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 15.63% lower than the current median priced home. Local homes that are currently for sale include 862 W 41st St, 1054 W 58th Pl and 721 W 41st Dr. While the average home in Los Angeles, CA is selling in 106 days, 1240 W 48Th St has a days on market of 40 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 1240 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 1240 W 48Th St

Public county record property details
Beds
4
Baths
3
Year built
1923
Sq. Ft.
2,300
Lot Size
6,500
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5017-012-009

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
36
Median Sale to List Price %
125.5%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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