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136 W 48th St, Los Angeles, CA 90037
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136 W 48th St Los Angeles, CA 90037

$1,680,000
  • 9 Beds
  • 7.5 Baths
  • 4,150 Sq.Ft.
For Sale
$1,680,000 Get Pre-Qualified
Map preview of 136 W 48th St, Los Angeles, CA 90037

Property Overview: 136 W 48th St Los Angeles, CA has 9 bedrooms, 7.5 bathrooms, 4,150 living square feet and 4,752 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: NEW CONSTRUCTION COMPLETED in 2024, NON RENT CONTROL, ±5.50% CAP Rate! ALL UNITS VACANT, Numbers are Proforma! 136 W 48th Street, a newly built luxury townhome-style apartment for sale. The property was completed in 2024 which made this asset exempt from Los Angeles RSO (rent control) and exempt from California AB1482 (rent control). The property was built with high-end finishes with future sustainability and ease of maintenance in mind: solar panels, artificial turf to reduce water consumption. It has a total of ±4,150 SF and is situated on a ±4,752 SF Lot. It offers superb curb appeal with modern finishings and townhouse style layout. These features would present an almost maintenance free asset for the next several years and minimum cost to operate on a NON-Rent Control building. All units have three levels with beautiful amenities, in-unit Washer-Dryer hookups, and a penthouse style master bedroom. The building consists of (3) 3 Bedrooms + 2.5 Bathrooms Units that are NOT UNDER Los Angeles Rent Stabilization Ordinance. Due to its recent construction, the three units are almost maintenance-free, considering the new roofs, plumbing, electrical, sewer lines, and amenities included. The property offers a large backyard with ample parking, including a 2-car garage. Buyers must do their due diligence regarding converting the garage into an ADU. Combining the strong CAP Rate of north of 5%, Non-Los Angeles Rent Stabilization Ordinance, and ease of maintenance, this offering is perfect for an experienced investor looking for solid & consistent cash flow with little to no maintenance. This property is in a high-density and in-demand area, providing rental growth for future vacancies. It is centrally located in a highly desirable location just minutes away from the home of LAFC, our city’s premier professional soccer team, USC, Crypto Arena, Home of the Lakers, Clippers, and LA Kings.) Expo Park and the Metro Green Line.

Listed by Han Chen | BRE #01749321 | Growth Investment Group Pasade
Co-listed by Marc Schwartz | BRE #01515007 | GIG Real Estate Inc.
Last checked: 4 minutes ago | Last updated: April 16th, 2024 | Source CRMLS | DOM: 28
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Home details

Lot Sq. Ft
4,752
HOA Dues
$0/mo
Year built
2024
Garage
2 Car
Property Type:
Triplex
Status
Active
MLS#
AR24061303
City
Los Angeles
County
Los Angeles
Time on Site
30 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 0
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $10,500
  • Pro Forma/Market Rent: $12,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.5%
  • Gross Rent Multiplier: 12.96
  • Gross Scheduled Income: $129,600
  • Net Operating Income: $92,402
  • Gross Operating Income: $125,712
Annual Expense Breakdown
  • Total Operating Expense: $33,310
  • New Taxes: $20,150
  • Trash: $3,000
  • Insurance: $2,698
  • Water/Sewer: $3,600

Open Houses for 136 W 48th St

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Property Details for 136 W 48th St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Vinyl
  • All Bedrooms Up
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • Balcony
  • Levels: Three Or More
Exterior Features
Exterior Information
  • Roof: Flat
  • 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: 2
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned, Auto Driveway Gate, Garage
Lot Information
  • Lot Features: Level with Street, Rectangular Lot, Level, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: City Lights
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 5110018024
  • Year Built Source: Builder
  • Architectural Style: Contemporary
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: east of MAin St and west of Broadway St, cross St is Main St and 48th St
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 136 W 48th St

Last sold for $350,100 on March 22nd, 2021

  • March, 2024

  • Mar 28, 2024

    Date

    Active

    CRMLS: AR24061303

    $1,680,000

    Price

  • March, 2024

  • Mar 11, 2024

    Date

    Canceled

    CRMLS: AR24005838

    $1,750,000

    Price

  • Jan 10, 2024

    Date

    Active

    CRMLS: AR24005838

    $1,750,000

    Price

  • Listing provided courtesy of CRMLS

    2024 Construction - NON RENT CONTROL - Over 5% CAP Rate! A newly built luxury townhome-style apartment for sale. The property was completed in 2024 which made this asset exempt from Los Angeles RSO (rent control) and exempt from California AB1482 (rent control). The property was built with high-end finishes with future sustainability and ease of maintenance in mind: solar panels, artificial turf to reduce water consumption. It has a total of ±4,150 SF and is situated on a ±4,752 SF Lot. It offers superb curb appeal with modern finishings and townhouse style layout. These features would present an almost maintenance free asset for the next several years and minimum cost to operate on a NON-Rent Control building. All units have three levels with beautiful amenities, in-unit Washer-Dryer hookups, and a penthouse style master bedroom. The building consists of (3) 3 Bedrooms + 2 Bathrooms Units that are NOT UNDER Los Angeles Rent Stabilization Ordinance. Due to its recent construction, the three units are almost maintenance-free, considering the new roofs, plumbing, electrical, sewer lines, and amenities included. The property offers a large backyard with ample parking, including a 2-car garage. Buyers must do their due diligence regarding converting the garage into an ADU. Combining the strong CAP Rate of north of 5%, Non-Los Angeles Rent Stabilization Ordinance, and ease of maintenance, this offering is perfect for an experienced investor looking for solid & consistent cash flow with little to no maintenance. This property is in a high-density and in-demand area, providing rental growth for future vacancies. It is centrally located in a highly desirable location just minutes away from the home of LAFC, our city’s premier professional soccer team, USC, Crypto Arena, Home of the Lakers, Clippers, and LA Kings.) Expo Park and the Metro Green Line.

  • December, 2023

  • Dec 8, 2023

    Date

    Canceled

    CRMLS: OC23170163

    $1,799,990

    Price

  • Oct 1, 2023

    Date

    Active

    CRMLS: OC23170163

    $1,799,990

    Price

  • Listing provided courtesy of CRMLS

    Very desirable income producing triplex (townhome style units). The triplex consists of (3) 3-Bedroom / 3-Bathroom units that are roughly 1350sf each. There is a master ensuite unit with walk-in closet, freestanding tubs and balcony in each unit. 6 of the 9 Bedrooms have their own balcony. Views of Downtown in the front unit. The property has (1) two-car side by side garage and two single parking spaces located in the rear of the property. Each unit includes separate entrances, high efficient tankless water heaters, dual pane vinyl windows, quartz countertops, wood cabinets, waterproof laminate flooring throughout, Berber carpet on the stairs, mirrored closet doors, Mitsubishi multizone mini-split celling mounted AC/Heat units throughout (individually controlled per room) and rooftop solar. The property will have an artificial lawn to minimize maintenance and water usage. This is new construction, no rent control! Agents bring your investors! Final work being done! Certificate of Occupancy expected in December 2023.

  • March, 2021

  • Mar 23, 2021

    Date

    Sold

    CRMLS: IV20247275

    $350,100

    Price

  • Feb 26, 2021

    Date

    Active Under Contract

    CRMLS: IV20247275

    $378,300

    Price

  • Feb 22, 2021

    Date

    Active

    CRMLS: IV20247275

    $378,300

    Price

  • Jan 27, 2021

    Date

    Active Under Contract

    CRMLS: IV20247275

    $378,300

    Price

  • Jan 7, 2021

    Date

    Price Change

    CRMLS: IV20247275

    $378,300

    Price

  • Jan 6, 2021

    Date

    Active

    CRMLS: IV20247275

    $396,600

    Price

  • Dec 15, 2020

    Date

    Active Under Contract

    CRMLS: IV20247275

    $396,600

    Price

  • Nov 27, 2020

    Date

    Active

    CRMLS: IV20247275

    $396,600

    Price

  • Listing provided courtesy of CRMLS

    Don’t blink and miss this rare opportunity to own a home that features so much,at an affordable price. This residence boasts three-bedrooms, garage, additional parking, and patio. Relax in your private yard or venture out a short distance to the countless outdoor recreational activities, shops, and a vast array of cuisine. Easy access to multiple freeways. All potential buyers are asked to check with city and tax records to determine actual bedroom, bathroom counts and all details on this property listed above to their satisfaction. This is an AS-IS REO property.

  • August, 2019

  • Aug 4, 2019

    Date

    Sold

    CRMLS: PW19107048

    $180,000

    Price

  • May 9, 2019

    Date

    Pending

    CRMLS: PW19107048

    $180,000

    Price

  • May 8, 2019

    Date

    Active

    CRMLS: PW19107048

    $180,000

    Price

  • Listing provided courtesy of CRMLS

    3 bedrooms 1 bath property. Property needs a lot of repairs. Near Freeway.

  • July, 2019

  • Jul 29, 2019

    Date

    Sold (Public Records)

    Public Records

    $394,624

    Price

  • May, 2019

  • May 6, 2019

    Date

    Canceled

    CRMLS: DW19056399

    $150,000

    Price

  • Apr 5, 2019

    Date

    Hold

    CRMLS: DW19056399

    $150,000

    Price

  • Mar 13, 2019

    Date

    Pending

    CRMLS: DW19056399

    $150,000

    Price

  • Mar 13, 2019

    Date

    Active

    CRMLS: DW19056399

    $150,000

    Price

  • Listing provided courtesy of CRMLS

    3 bed and 2 bath home. Needs lots of TLC

  • November, 2002

  • Nov 21, 2002

    Date

    Sold (Public Records)

    Public Records

    $199,000

    Price

Show More

Tax History for 136 W 48th St

Assessed Value (2020): $370,000
Year Land Value Improved Value Assessed Value
2020 $280,000 $90,000 $370,000

Home Value Compared to the Market

This property vs the competition

136 W 48th St is listed 35.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $404.82 per/sqft which puts the price per square foot 47.63% lower than the median price per square foot for the city of Los Angeles.

About 136 W 48th St

Detailed summary of property

136 W 48th St is a triplex located in Los Angeles, CA 90037 and is currently for sale. This triplex offers 9 bedrooms, 7.5 bathrooms, roughly 4,150 living square feet, and sits on an approximately 4,752 square foot lot. 136 W 48th St was first listed on ArdentRealEstateGroup.com on March 28, 2024. The homeowner is currently asking $1,680,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 35.92% higher than the median priced home. Local competing homes currently for sale include 439 W 71st St, 1324 E 42nd St and 3913 S Budlong Ave. While the average home in Los Angeles, CA is selling in 96 days, 136 W 48th St has a days on market of 28 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 136 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 136 W 48th St

Public county record property details
Beds
3
Baths
1
Year built
1907
Sq. Ft.
1,208
Lot Size
4,751
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
47
APN
5110-018-024

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
$749,000
Median List Price/Sq.Ft.
$562
Median Sold Price
$739,000
Median Sold Price/Sq.Ft.
$472
Total Inventory
33
Median Sale to List Price %
101.93%
Avg Days on Market
35
Loan Type
Conventional (50%), FHA (25%), VA (0%), Cash (25%), Other (0%)

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Recently Sold Homes Near 136 W 48th St

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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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