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1762 W 48th St, Los Angeles, CA 90062
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1762 W 48th St Los Angeles, CA 90062

$850,000 Sold Price as of 10/07/2021
  • 7 Beds
  • 3.25 Baths
  • 2,624 Sq.Ft.
Sold
$850,000 Sold Price as of 10/07/2021 Refinance Your Mortgage
Map preview of 1762 W 48th St, Los Angeles, CA 90062

Property Overview: 1762 W 48th St Los Angeles, CA has 7 bedrooms, 3.25 bathrooms, 2,624 living square feet and 7,501 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Recently remodeled. R2 zoning and Huge lot. Tenant occupied. This Craftsman style has 2 detached homes. Front house is 5 bedrooms and 2.25 bathrooms with loads of craftsman charm a formal living room, formal dining room, spacious kitchen with stainless steel appliances, beautiful wood encased walls, new paint, new windows and new wall window AC. In addition, it has a basement with loads of storage space and a new sprinkler system. The rear home has 2 upstairs beds and 1 bath. Both Units are separately meters including electric, gas and water. Each house has own garage, driveway parking and own yard. Home is perfect for an investor looking for a cash flow rental. Current rental income approx $4900 per month. Minutes from the Expo Line, train station, DTLA,USC, and much more. Hurry this one won't last. Tenants pay ALL utilities. 1762 W. 48 St and 4814 S. St. Andrew Place

Listed by Phyllis Cheng | BRE #01526442 | Titan One Real Estate
Last checked: 34 seconds ago | Last updated: May 5th, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
7,501
HOA Dues
$0/mo
Year built
1910
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
AR21176848
City
Los Angeles
County
Los Angeles
Time on Site
1003 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: 5
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,300
  • Total Rent: $3,300
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,537
  • Total Rent: $1,537
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $58,044
  • Net Operating Income: $55,722
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $2,322
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $8,750
  • Trash: $0
  • Gardener: $720
  • Insurance: $900
  • Professional Management: $2,321
  • Water/Sewer: $0

Property Details for 1762 W 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, Individual Room, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Family Room, Kitchen, Living Room
Interior Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Shingle
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Detached Carport, Driveway
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5016025016
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Take Western to 48th then Head West to property at southeast corner of St. Andrews
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1762 W 48th St

Last sold for $850,000 on October 7th, 2021

  • October, 2021

  • Oct 8, 2021

    Date

    Sold

    CRMLS: AR21176848

    $850,000

    Price

  • Aug 17, 2021

    Date

    Active

    CRMLS: AR21176848

    $850,000

    Price

  • February, 2020

  • Feb 15, 2020

    Date

    Sold

    CRMLS: SR19242770

    $630,000

    Price

  • Feb 12, 2020

    Date

    Pending

    CRMLS: SR19242770

    $674,997

    Price

  • Jan 7, 2020

    Date

    Price Change

    CRMLS: SR19242770

    $674,997

    Price

  • Jan 4, 2020

    Date

    Active

    CRMLS: SR19242770

    $699,997

    Price

  • Dec 10, 2019

    Date

    Active Under Contract

    CRMLS: SR19242770

    $699,997

    Price

  • Oct 15, 2019

    Date

    Active

    CRMLS: SR19242770

    $699,997

    Price

  • Listing provided courtesy of CRMLS

    Back On Market! Property appraised for $25K more than current list price. This Craftsman style Duplex is a diamond in the rough just waiting for the right buyer to add their own personal touches and make it into the true Gem that it is. Front house has loads of craftsman charm a formal living room, formal dining room, spacious kitchen with stainless steel appliances, beautiful wood encased walls and to top it off 5 bedrooms and 2.25 baths. Front house also has a basement with loads of storage space and a new sprinkler system. The rear home has 2 upstairs beds and 1 bath. Both Units are separately metered and mastered for electricity and gas and have garage and driveway parking. Home is perfect for an investor looking for a cash flow rental(student Housing, short term rentals, Long term tenants, etc), or an owner occupant looking for additional income to help with the monthly mortgage. Minutes from the Expo Line, train station, DTLA,USC, and much more. Hurry this one won't last! Call to schedule an appointment now!

  • February, 2020

  • Feb 14, 2020

    Date

    Sold (Public Records)

    Public Records

    $630,000

    Price

  • February, 2020

  • Feb 14, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1762 W 48th St

Assessed Value (2020): $612,000
Year Land Value Improved Value Assessed Value
2020 $448,800 $163,200 $612,000

Home Value Compared to the Market

This property vs the competition

1762 W 48th St sold on October 7, 2021 for 28.57% 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 $323.93 per/sqft which puts the price per square foot 57.09% lower than the current median sale per square foot for the city of Los Angeles.

About 1762 W 48th St

Detailed summary of property

1762 W 48th St is a duplex that recently sold in Los Angeles, CA 90062. This duplex offered 7 bedrooms, 3.25 bathrooms, roughly 2,624 living square feet, and sits on an approximately 7,501 square foot lot. 1762 W 48th St was first listed on ArdentRealEstateGroup.com on August 17, 2021. The homeowner sold the property for $850,000. 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 28.57% lower than the current median priced home. Local homes that are currently for sale include 1823 W Martin Luther King Jr Blvd, 1532 W 58th St and 3945 Denker Ave. While the average home in Los Angeles, CA is selling in 94 days, 1762 W 48th St has a days on market of 16 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1762 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 1762 W 48th St

Public county record property details
Beds
5
Baths
3
Year built
1910
Sq. Ft.
2,624
Lot Size
7,501
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
5016-025-016

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
$859,000
Median List Price/Sq.Ft.
$582
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%)

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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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