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

$740,000 Sold Price as of 03/31/2023
  • 8 Beds
  • 10 Baths
  • 1,976 Sq.Ft.
Sold
$740,000 Sold Price as of 03/31/2023 Refinance Your Mortgage
Map preview of 139 W 48Th St, Los Angeles, CA 90037

Property Overview: 139 W 48Th St Los Angeles, CA has 8 bedrooms, 10 bathrooms, 1,976 living square feet and 4,744 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Introducing a prime investment opportunity located just minutes away from USC and Downtown. This four-unit building consists of three 1-bedroom, 1-bathroom units and one studio, providing multiple rental options. Some units have received minor updates, with one unit boasting an updated kitchen, flooring, paint, and lighting.This property presents an incredible add-value opportunity with huge upside on rents. Additionally, the city may allow for the construction of two additional units, further increasing the property's value. Conveniently located near freeways, this property offers easy access to all the amenities and attractions that the city has to offer. This is an exceptional opportunity for seasoned investors looking to add to their portfolio or for first-time buyers who want to consider leaving in a unit. Don't miss out on the chance to capitalize on this prime investment property.

Listed by Juan Pena | BRE #01883397 | Compass
Last checked: 14 minutes ago | Last updated: January 3rd, 2024 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
4,744
HOA Dues
$0/mo
Year built
1912
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23246523
City
Los Angeles
County
Los Angeles
Time on Site
420 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,019
  • Total Rent: $2,019
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,210
  • Total Rent: $1,210
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $625
  • Total Rent: $625
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $600
  • Total Rent: $600
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15
  • Gross Scheduled Income: --
  • Net Operating Income: $48,448
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 139 W 48Th St

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 4
  • Parcel Number: 5110013009
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: North of 51st, South of Vernon, West of San Pedro, East of Broadway
View more facts & features

Local Los Angeles Agent

Sale History for 139 W 48Th St

Last sold for $740,000 on March 31st, 2023

  • March, 2023

  • Mar 31, 2023

    Date

    Sold

    CRMLS: 23246523

    $740,000

    Price

  • Mar 3, 2023

    Date

    Active

    CRMLS: 23246523

    $819,999

    Price

  • November, 2022

  • Nov 4, 2022

    Date

    Canceled

    CRMLS: 22196923

    $729,900

    Price

  • Sep 6, 2022

    Date

    Active

    CRMLS: 22196923

    $729,900

    Price

  • Listing provided courtesy of CRMLS

    The add value opportunity you been looking for! Great upside potential on this 4 unit asset. The property consist of three (1) bedroom (1) bath units and one studio with (1) bathroom. Plenty of parking with 4 garages on the property. Back top unit has been updated with new flooring, paint, recess lighting, tile work and appliances. Centrally located close to freeways, shops, restaurant, downtown LA, USC, Crypto arena and most public transportation. If you are a season investor with the ability to get creative, this asset has endless possibilities. Bottom garages might have the ability to be converted into 2 possible ADU's providing another form of good cash flow. All buyers to conduct all and any due diligence regarding additions.

  • September, 2022

  • Sep 3, 2022

    Date

    Canceled

    CRMLS: 22133627

    $759,900

    Price

  • Mar 4, 2022

    Date

    Active

    CRMLS: 22133627

    $788,999

    Price

  • Listing provided courtesy of CRMLS

    The add value opportunity you been looking for! Great upside potential on this 4 unit asset. The property consist of three (1) bedroom (1) bath units and one studio with (1) bathroom. Plenty of parking with 4 garages on the property. Back top unit has been updated with new flooring, paint, recess lighting, tile work and appliances. Centrally located close to freeways, shops, restaurant, downtown LA, USC, Crypto arena and most public transportation. If you are a season investor with the ability to get creative, this asset has endless possibilities. Bottom garages might have the ability to be converted into 2 possible ADU's providing another form of good cash flow. All buyers to conduct all and any due diligence regarding additions.

  • February, 2022

  • Feb 25, 2022

    Date

    Canceled

    CRMLS: 21106277

    $799,999

    Price

  • Nov 18, 2021

    Date

    Active

    CRMLS: 21106277

    $799,999

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present the opportunity to acquire 139 West 48th. A 4 unit apartment complex consisting of 3 one bedroom one bath units and 1 singles unit. Situated on a 4,743 square foot lot, the property has very large units. Current ownership has maintained the property well. One unit will be delivered vacant; potentially two unit! the ownership is open to first time buyers. 139 West 48th provides investors an opportunity to acquire a well-maintained apartment community that offers a remaining value-add component. Garage spaces offers opportunities to add 2 ADUs. The property is well-suited to provide a healthy income stream and solid market appreciation as the neighborhood rarely offers buying opportunities. Proximity to Professional Sports Stadiums (LA Lakers, LA Rams, LAFC, USC Football) is an additional plus and added-value!

  • September, 2021

  • Sep 19, 2021

    Date

    Active

    CRMLS: 21785420

    $820,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present the opportunity to acquire 139 West 48th. A 4 unit apartment complex consisting of 3 one bedroom one bath units and 1 singles unit. Situated on a 4,743 square foot lot, the property has very large units. Current ownership has maintained the property well. One unit will be delivered vacant; the ownership is open to NACA and first time buyers. 139 West 48th provides investors an opportunity to acquire a well-maintained apartment community that offers a remaining value-add component. Garage spaces offers opportunities to add 2 ADUs. The property is well-suited to provide a healthy income stream and solid market appreciation as the neighborhood rarely offers buying opportunities. Proximity to Professional Sports Stadiums (LA Lakers, LA Rams, LAFC, USC Football) is an additional plus and added-value!

  • June, 2021

  • Jun 24, 2021

    Date

    Sold

    CRMLS: 21703050

    $640,000

    Price

  • May 8, 2021

    Date

    Active Under Contract

    CRMLS: 21703050

    $695,000

    Price

  • Mar 9, 2021

    Date

    Active

    CRMLS: 21703050

    $695,000

    Price

  • Listing provided courtesy of CRMLS

    This is an excellent opportunity to purchase a four (4) unit apartment building located in the high rental demand area, just south of Downtown Los Angeles. Location is minutes to Downtown Los Angeles, Staples Center/South Park, USC, Exposition Park, etc.. Great opportunity for investment or owner - occupied property. One unit is to be delivered vacant at the close of escrow and allows for immediate upside.

  • July, 2017

  • Jul 26, 2017

    Date

    Sold

    CRMLS: DW17123814

    $425,000

    Price

  • Jun 6, 2017

    Date

    Active

    CRMLS: DW17123814

    $485,000

    Price

  • Listing provided courtesy of CRMLS

  • July, 2017

  • Jul 19, 2017

    Date

    Sold (Public Records)

    Public Records

    $425,000

    Price

  • December, 2015

  • Dec 30, 2015

    Date

    Sold (Public Records)

    Public Records

    $52,500

    Price

  • November, 2015

  • Nov 14, 2015

    Date

    Price Change

    CRMLS: 15948141

    $344,900

    Price

  • Oct 17, 2015

    Date

    Price Change

    CRMLS: 15948141

    $350,000

    Price

  • Oct 7, 2015

    Date

    Price Change

    CRMLS: 15948141

    $401,000

    Price

  • Listing provided courtesy of CRMLS

    Attractive Four Unit property divided into 2 buildings consisting of three 1 bedroom units and 1 over-sized studio unit. Each unit has 1 bath. The interiors are large. Layouts vary. The front building, which has a duplex style design, consist of two units, a 1 bedroom unit and the studio apartment which is quite spacious. There are two units over the garage at the rear of the property. Some units have updated kitchen counter tops and feature stainless steel sinks . Each unit has a shower over the tub. Property displays pride of ownership and has been professionally managed for several years. Most tenants are long term, however, the studio unit will be delivered vacant at the close of escrow. There is a 4 car garage and some off street parking. The property is within walking distance to public transportation, minutes away from the 110 freeway, and near food and retail shopping as well as public services. The property is also a short distance from USC and Downtown LA.

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Tax History for 139 W 48Th St

Assessed Value (2020): $442,170
Year Land Value Improved Value Assessed Value
2020 $312,120 $130,050 $442,170

Home Value Compared to the Market

This property vs the competition

139 W 48Th St sold on March 31, 2023 for 21.9% lower than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $414.98 per/sqft which puts the price per square foot 43.77% lower than the current median sale per square foot for the city of Los Angeles.

About 139 W 48Th St

Detailed summary of property

139 W 48Th St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 8 bedrooms, 10 bathrooms, roughly 1,976 living square feet, and sits on an approximately 4,744 square foot lot. 139 W 48Th St was first listed on ArdentRealEstateGroup.com on March 4, 2023. The homeowner sold the property for $740,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 21.9% lower than the current median priced home. Local homes that are currently for sale include 907 E 50th St, 135 W 62nd St and 507 E 59th Pl. While the average home in Los Angeles, CA is selling in 97 days, 139 W 48Th St has a days on market of 13 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 139 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 139 W 48Th St

Public county record property details
Beds
3
Baths
4
Year built
1912
Sq. Ft.
1,976
Lot Size
4,743
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5110-013-009

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
$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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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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