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1416 W 48th St, Los Angeles, CA 90062
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1416 W 48th St Los Angeles, CA 90062

$640,000 Sold Price as of 02/27/2020
  • 3 Beds
  • 4 Baths
  • 2,189 Sq.Ft.
Sold
$640,000 Sold Price as of 02/27/2020 Refinance Your Mortgage
Map preview of 1416 W 48th St, Los Angeles, CA 90062

Property Overview: 1416 W 48th St Los Angeles, CA has 3 bedrooms, 4 bathrooms, 2,189 living square feet and 6,524 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PRICE REDUCTION!!!!!WELCOME TO YOUR NEW CRAFTSMAN HOME! This MODERN Duplex will be delivered VACANT & REMODELED with PERMITS. This home is comprised of an owner's unit that is a 3BD/3BA with a stunning yard that boasts a detached Legal & Permitted ADU Additional Unit! The Homes have new copper plumbing, new Double-Pane Windows, new electrical & LED recessed lighting, stainless-steel kitchen appliances, sparkling quartz counter tops, new flooring, fresh paint throughout, with walk-in closets. Minutes from Schools & Parks, Downtown LA, USC, Arts District, and Crenshaw/LAX metro line.

Listed by Connie Sanchez | BRE #01738331 | First Team Real Estate
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 98

Home details

Lot Sq. Ft
6,524
HOA Dues
$0/mo
Year built
1911
Garage
--
Property Type:
Single Family Home
Status
Sold
MLS#
OC19217978
City
Los Angeles
County
Los Angeles
Time on Site
1208 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,495
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,295
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $57,480
  • Net Operating Income: $40,236
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $17,244
  • New Taxes: $9,237
  • Trash: $450
  • Insurance: $879
  • Water/Sewer: $450

Property Details for 1416 W 48th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Hookup
Room Information
  • Flooring: Laminate
  • All Bedrooms Down
Kitchen Information
  • Has Appliances
  • Electric Oven, Electric Range, Disposal, Range Hood, Refrigerator, Water Heater
Interior Features
  • Unfurnished
  • Levels: One
  • Security Features: Smoke Detector(s), Window Bars
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Wood
  • Other Structures: Guest House Detached
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Peek-A-Boo
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5016021025
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
  • Property is not Attached
  • Accessibility Features: None
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Normandie/48th Street
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Gutters, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1416 W 48th St

Last sold for $640,000 on February 27th, 2020

  • February, 2020

  • Feb 27, 2020

    Date

    Sold

    CRMLS: OC19217978

    $640,000

    Price

  • Feb 13, 2020

    Date

    Active Under Contract

    CRMLS: OC19217978

    $699,999

    Price

  • Feb 13, 2020

    Date

    Pending

    CRMLS: OC19217978

    $699,999

    Price

  • Jan 7, 2020

    Date

    Price Change

    CRMLS: OC19217978

    $699,999

    Price

  • Oct 30, 2019

    Date

    Price Change

    CRMLS: OC19217978

    $719,000

    Price

  • Oct 2, 2019

    Date

    Active

    CRMLS: OC19217978

    $729,000

    Price

  • February, 2020

  • Feb 27, 2020

    Date

    Sold (Public Records)

    Public Records

    $640,000

    Price

  • January, 2019

  • Jan 9, 2019

    Date

    Canceled

    CRMLS: SR18233803

    $699,000

    Price

  • Jan 8, 2019

    Date

    Hold

    CRMLS: SR18233803

    $699,000

    Price

  • Nov 9, 2018

    Date

    Price Change

    CRMLS: SR18233803

    $699,000

    Price

  • Oct 26, 2018

    Date

    Price Change

    CRMLS: SR18233803

    $729,000

    Price

  • Sep 25, 2018

    Date

    Active

    CRMLS: SR18233803

    $739,000

    Price

  • Listing provided courtesy of CRMLS

    WELCOME TO YOUR NEW CRAFTSMAN HOME! Duplex will be delivered COMPLETELY REMODELED. This home is comprised of an owner's unit that is a 3 bedroom, 2.5 bath with a stunning yard that boasts a detached back house. With lost of storage/Rec. space. In unite 2, there is a large 1 bedroom /1 bath. Home has fresh paint throughout. New stainless-steel kitchen appliances, counter tops, new bathrooms, new laminate/tile flooring, windows, LED recessed lighting. Walk-in closets. Beautiful landscaping and laundry areas.

  • January, 2019

  • Jan 9, 2019

    Date

    Canceled

    CRMLS: SR18232897

    $699,000

    Price

  • Jan 8, 2019

    Date

    Hold

    CRMLS: SR18232897

    $699,000

    Price

  • Nov 9, 2018

    Date

    Price Change

    CRMLS: SR18232897

    $699,000

    Price

  • Oct 17, 2018

    Date

    Price Change

    CRMLS: SR18232897

    $729,000

    Price

  • Sep 24, 2018

    Date

    Active

    CRMLS: SR18232897

    $739,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to your new Craftsman home! Duplex will be delivered COMPLETELY REMODELED. This home is comprised of an owner's unit that is a 3bd/3ba. with a stunning yard that boasts a detached back house, with lost of storage/Rec. space. In unit 2, there is a large 1 bedroom / 1 bathroom. Home has fresh paint throughout. New Stainless-steel kitchen appliances, counter tops, new bathrooms, new laminate/title flooring, windows, LED recessed lighting. Walk-in closets. Beautiful landscaping and laundry areas.

  • June, 2018

  • Jun 15, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2018

  • May 5, 2018

    Date

    Sold

    CRMLS: SR17118659

    $392,000

    Price

  • Jan 18, 2018

    Date

    Pending

    CRMLS: SR17118659

    $328,900

    Price

  • Jan 3, 2018

    Date

    Sold

    CRMLS: SR17118659

    $392,000

    Price

  • Jun 30, 2017

    Date

    Pending

    CRMLS: SR17118659

    $328,900

    Price

  • Jun 9, 2017

    Date

    Hold

    CRMLS: SR17118659

    $328,900

    Price

  • Jun 7, 2017

    Date

    Active

    CRMLS: SR17118659

    $328,900

    Price

  • Listing provided courtesy of CRMLS

    COZY TWO UNIT BUILDING WITH LOTS OF POTENTIAL. THE PEROPERTY HAS NEVER BEEN UPGRADED OR REMODELED EXCEPT THE KITCHEN IN THE LARGER UNIT WAS UPGRADED FEW YEARS AGO. GREAT OPPORTUNITY FOR INVESTORS OR FIRST TIME BUYERS.

Show More

Tax History for 1416 W 48th St

Assessed Value (2020): $517,846
Year Land Value Improved Value Assessed Value
2020 $303,796 $214,050 $517,846

Home Value Compared to the Market

This property vs the competition

1416 W 48th St sold on February 27, 2020 for 41.18% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $319.78 per/sqft which puts the price per square foot 57.64% lower than the current median sale per square foot for the city of Los Angeles.

About 1416 W 48th St

Detailed summary of property

1416 W 48th St is a single family home that recently sold in Los Angeles, CA 90062. This house offered 3 bedrooms, 4 bathrooms, roughly 2,189 living square feet, and sits on an approximately 6,524 square foot lot. 1416 W 48th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $640,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 41.18% lower than the current median priced home. Local homes that are currently for sale include 1351 Exposition Blvd, 4915 3rd Ave and 432 W 51St St. While the average home in Los Angeles, CA is selling in 96 days, 1416 W 48th St has a days on market of 98 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1416 W 48th St Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1416 W 48th St

Public county record property details
Beds
3
Baths
3
Year built
--
Sq. Ft.
2,189
Lot Size
6,523
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
25
APN
5016-021-025

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,999
Median List Price/Sq.Ft.
$576
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
30
Median Sale to List Price %
85.49%
Avg Days on Market
49
Loan Type
Conventional (80%), FHA (20%), 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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