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1243 E 48th St, Los Angeles, CA 90011
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1243 E 48th St Los Angeles, CA 90011

$510,000 Sold Price as of 06/11/2020
  • 4 Beds
  • 2 Baths
  • 1,336 Sq.Ft.
Sold
$510,000 Sold Price as of 06/11/2020 Refinance Your Mortgage
Map preview of 1243 E 48th St, Los Angeles, CA 90011

Property Overview: 1243 E 48th St Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,336 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: *** DUPLEX ** 2 separate units with 2 bedrooms and 1 bathroom. lots of parking space and a separate 2 car garage that may be converted to a separate living space. Lot is over 6800 sqft and lots of room for expansion to both units. near major freeways and sport venues and local schools and Universities in Los Angeles . Great place to live in one and Rent the other or Rent it all for additional income. Wont last !

Listed by Gustavo Rodriguez | BRE #01937004 | Boulevard Estate Properties Inc.
Co-listed by Gustavo Ontiveros | BRE #01918378 | Boulevard Estate Properties Inc.
Last checked: 18 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 90

Home details

Lot Sq. Ft
6,809
HOA Dues
$0/mo
Year built
1923
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
SR19273159
City
Los Angeles
County
Los Angeles
Time on Site
1269 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $3,100
  • Net Operating Income: $0
  • Gross Operating Income: --
  • # of Rented Garages: 1
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $800
  • Electric: $200
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $60
  • Insurance: $120
  • Water/Sewer: $200

Property Details for 1243 E 48th St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Outside
Fireplace Information
  • Has Fireplace
  • Kitchen, Gas
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: 2-5 Units/Acre, Front Yard, Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5107018014
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: SOUTH CENTRAL AND 48TH ST
Neighborhood Information
  • Community Features: Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1243 E 48th St

Last sold for $510,000 on June 11th, 2020

  • June, 2020

  • Jun 12, 2020

    Date

    Sold

    CRMLS: SR19273150

    $510,000

    Price

  • Mar 2, 2020

    Date

    Pending

    CRMLS: SR19273150

    $499,900

    Price

  • Feb 4, 2020

    Date

    Price Change

    CRMLS: SR19273150

    $499,900

    Price

  • Nov 29, 2019

    Date

    Active

    CRMLS: SR19273150

    $509,900

    Price

  • Listing provided courtesy of CRMLS

  • June, 2020

  • Jun 12, 2020

    Date

    Sold

    CRMLS: SR19273159

    $510,000

    Price

  • Mar 2, 2020

    Date

    Pending

    CRMLS: SR19273159

    $499,900

    Price

  • Feb 4, 2020

    Date

    Price Change

    CRMLS: SR19273159

    $499,900

    Price

  • Nov 29, 2019

    Date

    Active

    CRMLS: SR19273159

    $509,900

    Price

  • June, 2020

  • Jun 11, 2020

    Date

    Sold (Public Records)

    Public Records

    $510,000

    Price

  • April, 2018

  • Apr 19, 2018

    Date

    Sold (Public Records)

    Public Records

    $450,000

    Price

  • April, 2018

  • Apr 8, 2018

    Date

    Sold

    CRMLS: RS18042390

    $450,000

    Price

  • Mar 6, 2018

    Date

    Pending

    CRMLS: RS18042390

    $440,000

    Price

  • Feb 23, 2018

    Date

    Active

    CRMLS: RS18042390

    $440,000

    Price

  • Listing provided courtesy of CRMLS

    PRIME LOCATION! Duplex HOT on the market. Each unit is 2 bedroom 1 bath. Back unit has been FULLY REMODELED since 2 years ago. The Front unit has NEW FLOOR since 2 years ago. The front unit rent at the moment is 1200 and the back unit rent is 1650. Has room for IMPROVEMENT on property and RENT INCREASE. The FLOORS are LAMINATE which makes it easy to maintain. Has front yard room and back yard room. Good for investors and for live in one and to rent out the other.

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Tax History for 1243 E 48th St

Assessed Value (2020): $468,180
Year Land Value Improved Value Assessed Value
2020 $312,120 $156,060 $468,180

Home Value Compared to the Market

This property vs the competition

1243 E 48th St sold on June 11, 2020 for 60.76% 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 $374.18 per/sqft which puts the price per square foot 52.7% lower than the current median sale per square foot for the city of Los Angeles.

About 1243 E 48th St

Detailed summary of property

1243 E 48th St is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,336 living square feet, and sits on an approximately 6,809 square foot lot. 1243 E 48th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $510,000. 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 60.76% lower than the current median priced home. Local homes that are currently for sale include 5102 Ithaca Ave, 555-567 Ramona Ave and 938 E 2nd St. While the average home in Los Angeles, CA is selling in 100 days, 1243 E 48th St has a days on market of 90 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 1243 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 1243 E 48th St

Public county record property details
Beds
4
Baths
2
Year built
1923
Sq. Ft.
1,336
Lot Size
6,809
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
5107-018-014

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
$640,000
Median List Price/Sq.Ft.
$486
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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