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1853 W 48Th St, Los Angeles, CA 90062
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1853 W 48Th St Los Angeles, CA 90062

$1,270,000 Sold Price as of 07/28/2022
  • 9 Beds
  • 5 Baths
  • 4,024 Sq.Ft.
Sold
$1,270,000 Sold Price as of 07/28/2022 Refinance Your Mortgage
Map preview of 1853 W 48Th St, Los Angeles, CA 90062

Property Overview: 1853 W 48Th St Los Angeles, CA has 9 bedrooms, 5 bathrooms, 4,024 living square feet and 5,351 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: ATTENTION ALL INVESTORS! Bring your best offer. CAP RATE : over 7% 4 Unit, Quadplex in the South West area of Los Angeles - with value add opportunity. Perfect for an investor looking to live in one and rent the rest, or keep them rented all out for substantial cash flow. Rent rolls available upon request, RENTS WERE RECENTLY INCREASED Property is fully upkept, all tenants paying, 2 UNITS, NOW VACANT, No major deficiencies, tile flooring throughout, up to 5 parking spaces available. Small separate unit in the back which can be used for storage. Property also has separate/ Laundry hook up unit in the back & Separate electric meters. Contact me for a private showing!

Listed by DIANA SERRANO | BRE #02057172 | RE/MAX TIME REALTY
Last checked: 13 minutes ago | Last updated: March 7th, 2023 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft
5,351
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
CV22095793
City
Los Angeles
County
Los Angeles
Time on Site
740 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: --
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,450
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $2,200
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Actual Rent: $3,100
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,400
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.2%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $94,200
  • Net Operating Income: $84,600
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $7,800

Property Details for 1853 W 48Th St

Interior Features
Heating Information
  • Has Heating
  • ENERGY STAR Qualified Equipment
Laundry Information
  • Common Area, Gas & Electric Dryer Hookup
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 4
  • Parcel Number: 5015004013
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Available
Location / Neighborhood
Location Information
  • Directions: See GPS
View more facts & features

Local Los Angeles Agent

Sale History for 1853 W 48Th St

Last sold for $1,270,000 on July 28th, 2022

  • March, 2023

  • Mar 7, 2023

    Date

    Expired

    CRMLS: 22223719

    $3,200

    Price

  • Dec 6, 2022

    Date

    Active

    CRMLS: 22223719

    $3,300

    Price

  • Listing provided courtesy of CRMLS

    Welcome home to a lovely 3 bedroom, a bonus room, and 2 bathrooms. Conveniently located near a major shopping plaza, family parks & many more amenities. This unit is on the second floor of a well-kept four-kept four-plex. This unit offers tile flooring throughout, spacious bedrooms and living areas, and plenty of parking space.

  • November, 2022

  • Nov 11, 2022

    Date

    Expired

    CRMLS: CV22202368

    $3,500

    Price

  • Sep 15, 2022

    Date

    Active

    CRMLS: CV22202368

    $3,500

    Price

  • Listing provided courtesy of CRMLS

    Welcome home to a lovely 3 bedroom, a bonus room, and 2 bathrooms. Conveniently located near major shopping plazas, family parks & many more amenities. This unit is on the second floor of a well-kept four-plex. This unit offers tile flooring throughout, spacious bedrooms and living area, and plenty of parking space.

  • July, 2022

  • Jul 28, 2022

    Date

    Sold

    CRMLS: CV22095793

    $1,270,000

    Price

  • May 12, 2022

    Date

    Active

    CRMLS: CV22095793

    $1,300,000

    Price

  • April, 2022

  • Apr 19, 2022

    Date

    Active

    CRMLS: CV22073803

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    ATTENTION ALL INVESTORS! Bring your best offer. CAP RATE : over 7% 4 Unit, Quadplex in the South West area of Los Angeles - with value add opportunity. Perfect for an investor looking to live in one and rent the rest, or keep them rented all out for substantial cash flow. Rent rolls available upon request, RENTS WERE RECENTLY INCREASED Property is fully upkept, all tenants paying, 2 Units NOW vacated and Empty . No major deficiencies, tile flooring throughout, up to 5 parking spaces available. Small separate unit in the back which can be used for storage. Property also has separate/ Laundry hook up unit in the back & Separate electric meters. Contact me for a private showing!

  • April, 2022

  • Apr 11, 2022

    Date

    Expired

    CRMLS: CV21226575

    $1,300,000

    Price

  • Oct 12, 2021

    Date

    Active

    CRMLS: CV21226575

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    Come see these beautiful very well taken car off 4-units in one building, you will notice how well kept they are, the 4-unit building is surrounded by shopping and freeway near by. Great opportunity for investment for a first time buyer or investor. Hurry Hurry!

  • August, 2021

  • Aug 25, 2021

    Date

    Withdrawn

    CRMLS: SR21161845

    $1,299,000

    Price

  • Jul 27, 2021

    Date

    Active

    CRMLS: SR21161845

    $1,299,000

    Price

  • Listing provided courtesy of CRMLS

    Spacious Quadraplex in South LA! This value add investment opportunity is the perfect opportunity for a savvy investor or an owner/user to live in one of the units and rent the other three for a steady stream of passive income while building equity! The expansive property spans over 5,000 total sf and includes three 2/1 units and one large 3/2 unit. The property is gated, has a large parking lot in the back with direct access from the alley and each unit is separately metered. Each of the units features spacious bedrooms, lots of light, and large floorplans. Close to the 110 freeway, DTLA, parks, shopping, and schools, you’ll enjoy a steadily gentrifying area and lots of potential!

  • July, 2021

  • Jul 27, 2021

    Date

    Canceled

    CRMLS: SR21105237

    $1,325,000

    Price

  • May 18, 2021

    Date

    Active

    CRMLS: SR21105237

    $1,325,000

    Price

  • Listing provided courtesy of CRMLS

    Spacious Quadraplex in South LA! This value add investment opportunity is the perfect opportunity for a savvy investor or an owner/user to live in one of the units and rent the other three for a steady stream of passive income while building equity! The expansive property spans over 5,000 total sf and includes three 2/1 units and one large 3/2 unit. The property is gated, has a large parking lot in the back with direct access from the alley and each unit is separately metered. Each of the units features spacious bedrooms, lots of light, and large floorplans. Close to the 110 freeway, DTLA, parks, shopping, and schools, you’ll enjoy a steadily gentrifying area and lots of potential!

  • February, 2021

  • Feb 28, 2021

    Date

    Expired

    CRMLS: DW20203044

    $1,280,000

    Price

  • Jan 29, 2021

    Date

    Price Change

    CRMLS: DW20203044

    $1,280,000

    Price

  • Jan 28, 2021

    Date

    Price Change

    CRMLS: DW20203044

    $1,180,000

    Price

  • Sep 28, 2020

    Date

    Active

    CRMLS: DW20203044

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    Large 4 Unit Propety in Los Angeles. Three units are 2 bedrooms 1 bath. One unit is 3 bedrooms 2 baths. Annual expenses will be updated by 9/29/20 to reflect current values. Values listed now are from 2013 and are posted to give an idea of general expenses for property.

  • July, 2017

  • Jul 24, 2017

    Date

    Sold

    CRMLS: 03228065

    $440,000

    Price

  • Listing provided courtesy of CRMLS

    Large units.Unit #4 is section 8.All offers are subject to inspection.Buyer to cooperate with 1031 exchange at no cost to the buyer.

  • June, 2013

  • Jun 6, 2013

    Date

    Sold (Public Records)

    Public Records

    $590,000

    Price

  • July, 2011

  • Jul 13, 2011

    Date

    Sold (Public Records)

    Public Records

    $300,000

    Price

Show More

Tax History for 1853 W 48Th St

Assessed Value (2020): $665,765
Year Land Value Improved Value Assessed Value
2020 $398,596 $267,169 $665,765

Home Value Compared to the Market

This property vs the competition

1853 W 48Th St sold on July 28, 2022 for 9.24% higher 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 $323.06 per/sqft which puts the price per square foot 57.21% lower than the current median sale per square foot for the city of Los Angeles.

About 1853 W 48Th St

Detailed summary of property

1853 W 48Th St is a multi family that recently sold in Los Angeles, CA 90062. This multi family property offered 9 bedrooms, 5 bathrooms, roughly 4,024 living square feet, and sits on an approximately 5,351 square foot lot. 1853 W 48Th St was first listed on ArdentRealEstateGroup.com on May 7, 2022. The homeowner sold the property for $1,270,000. 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 9.24% higher than the current median priced home. Local homes that are currently for sale include 2922 Maple Ave, 3317 S San Pedro St and 254 W 83rd St. While the average home in Los Angeles, CA is selling in 94 days, 1853 W 48Th St has a days on market of 34 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 1853 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 1853 W 48Th St

Public county record property details
Beds
8
Baths
5
Year built
1965
Sq. Ft.
4,024
Lot Size
5,350
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
5015-004-013

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%)

Thinking of Selling?

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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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