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1952 W 48Th St, Los Angeles, CA 90062
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1952 W 48Th St Los Angeles, CA 90062

$2,075,000 Sold Price as of 11/10/2023
  • 10 Beds
  • 10 Baths
  • 6,632 Sq.Ft.
Sold
$2,075,000 Sold Price as of 11/10/2023 Refinance Your Mortgage
Map preview of 1952 W 48Th St, Los Angeles, CA 90062

Property Overview: 1952 W 48Th St Los Angeles, CA has 10 bedrooms, 10 bathrooms, 6,632 living square feet and 6,501 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: STUNNING FOUR-PLEX IN "OPPORTUNITY ZONE" FULLY REMODELED AND DELIVERED VACANT; making $17,000 in gross mo. short term income; gorgeous complex w/4 garage; easily investment or owner-occupying property. 1952 W 48THStreet is a 3 story building consisting of two 2 bed/2 bath units & two 3 bed/3 bath units. First floor living: Unit # 1 and #2 are 2 Bedrooms & 2 Bathrooms plus Living Room & Kitchen in 1,110 SF each. Second floor living: Unit #3 and #4 are 3 bedrooms & 3 Bathrooms ,Living Room & Kitchen 2 story units with finished attic in 1,886 Square feet of living space w/views of the surrounding community; Open floor plan with lots of natural light, hardwood floors, contemporary solid surfaces in kitchens and baths, exterior decks and more. Separately metered gas and electricity, newer roof, painted and ready for move-in. Updated plumbing, electrical, new electrical panels, windows, flooring, paint, and heating and cooling and laundry in each unit and more. Units are TOWNHOME-style w/2 interior floors. Basic floorplan for 3 bedroom residences: main floor primary bedroom w/ensuite bath, lower level 2nd bedroom & bath, kitchen w/ample counterspace & newer appliances, dining room & bonus room; 2nd level has an open loft w/an enclosed 3rd bedroom, a living room/entertainment area, an additional seating area plus office space. Artfully design using 100 year old wood accent walls & kitchen bar tops made of recycled materials during renovation. Keyless entry system; 14 camera system with a DVR system for recording. The subject was built in 1916, garages added in 1929 and recently extensively remodeled and updated within the past 7 years to include new plumbing,electrical, windows, interior & exterior doors, kitchens, bathrooms, interior walls, HVAC, roof, interior & exterior painting, all required retrofitting & foundation stabilization, the attics on 2 units have been fully finished to code, thus increasing the size of the builidng & the size of the units. Assessor's information has been updated to reflect the full building square footage with 10 bedrooms and 10 bathrooms. The property will be delivered fully vacant and can be delivered fully furnished for a true turn-key investment. Rents are based on approximately short term rental monthly rates. Community amenities include: metro line, new soccer & football stadiums, easy access to public transportation and approximately a 10 min drive to the nearby train stations where there is a free park and ride facilitating visting many Los Angeles hot spots like Hollywood, Universal Studios, Downtown LA and Santa Monica Pier. This property is perfect for an owner-user or investor looking to capitalize on the rental market in Los Angeles.

Listed by Teresa Mack | BRE #01766118 | Pacific Playa Realty
Co-listed by OUT OF AREA | BRE #00000000 | OUT OF AREA
Last checked: 14 minutes ago | Last updated: March 7th, 2024 | Source CRMLS | DOM: 52

Home details

Lot Sq. Ft
6,501
HOA Dues
$0/mo
Year built
1916
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
23301066
City
Los Angeles
County
Los Angeles
Time on Site
266 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Furnished
  • Actual Rent: $5,000
  • Total Rent: $60,000
  • Pro Forma/Market Rent: $60,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Furnished
  • Actual Rent: $3,500
  • Total Rent: $42,000
  • Pro Forma/Market Rent: $42,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Furnished
  • Actual Rent: $3,500
  • Total Rent: $42,000
  • Pro Forma/Market Rent: $42,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Furnished
  • Actual Rent: $5,000
  • Total Rent: $60,000
  • Pro Forma/Market Rent: $60,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.8
  • Gross Scheduled Income: --
  • Net Operating Income: $189,100
  • Gross Operating Income: $244,800
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1952 W 48Th St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • In Garage, Inside
Room Information
  • Flooring: Wood, Tile
  • Living Room
Kitchen Information
  • Has Appliances
  • Range, Range Hood, Oven
Interior Features
  • Cathedral Ceiling(s)
  • Levels: Multi/Split
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s), Automatic Gate
Exterior Features
Exterior Information
  • Roof: Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 5015018013
  • Architectural Style: Tudor
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: South of Vernon at 48th Street; Between Wilton and Van Ness Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 1952 W 48Th St

Last sold for $2,075,000 on November 10th, 2023

  • March, 2024

  • Mar 6, 2024

    Date

    Expired

    CRMLS: 23337433

    $3,750

    Price

  • Dec 6, 2023

    Date

    Active

    CRMLS: 23337433

    $3,950

    Price

  • Listing provided courtesy of CRMLS

    One 2 bedroom Furnished Unit Available to Rent in this Quadriplex

  • February, 2024

  • Feb 6, 2024

    Date

    Expired

    CRMLS: 23337863

    $5,750

    Price

  • Dec 6, 2023

    Date

    Active

    CRMLS: 23337863

    $5,750

    Price

  • Listing provided courtesy of CRMLS

    One 3 bedroom Furnished Unit Available to Rent in this Quadriplex

  • November, 2023

  • Nov 10, 2023

    Date

    Sold

    CRMLS: 23301066

    $2,075,000

    Price

  • Aug 15, 2023

    Date

    Active

    CRMLS: 23301066

    $2,400,000

    Price

  • July, 2023

  • Jul 11, 2023

    Date

    Expired

    CRMLS: SW23067284

    $2,500,000

    Price

  • Apr 21, 2023

    Date

    Active

    CRMLS: SW23067284

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    Remodeled and gorgeous 4 unit complex with a 4 car garage. Come see the beautifully Remodeled 3 bedroom 3 bath units. A rare Tudor introduction of Renaissance architecture located in a prime rental location in Los Angeles. Hardwood floors, decks and yards. Separate meters, newer roofs too. Close to dinning, shopping, museums and USC. You cannot beat this location! Currently all units rented as an STR and averages approx. $4100 per unit at 72% occupancy. Unit configured like a town home with 2 floors. The main floor housing the master bedroom and master bath, the 2nd bedroom and guest bath and kitchen, dining room and game room. The upper level is laid out as an open loft with one enclosed 3rd bedroom, a living room/entertainment area, an additional seating area, as well as a office space. You will find the whole space is artistically crafted with sustainability in mind as all the 100 year old wood accent walls and kitchen bar tops are recycled materials that were harvested from the building when it was being renovated. This Tudor architectural style building, rarely found in Los Angeles, was built in 1916 and has been creatively re-imagined to enhance your travel experience. .Imagine Brooklyn style living but with palm trees. This urban environment is rapidly changing as new amenities are added, including another metro line, plus new soccer and football stadiums. It's also within easy drive of all major LA attractions. There is one off street parking space that comes with the unit. If you don’t have a car Lyft and Uber is the way to get around. The unit is also located 10 min drive from the nearest train station where there is a free park and ride. The train will take you to hot spots like Hollywood, Universal Studios, Downtown LA and Santa Monica Pier.

  • December, 2018

  • Dec 28, 2018

    Date

    Sold

    CRMLS: IG16183880

    $690,000

    Price

  • Oct 13, 2016

    Date

    Sold

    CRMLS: IG16183880

    $690,000

    Price

  • Sep 20, 2016

    Date

    Pending

    CRMLS: IG16183880

    $699,000

    Price

  • Aug 27, 2016

    Date

    Price Change

    CRMLS: IG16183880

    $699,000

    Price

  • Aug 20, 2016

    Date

    Price Change

    CRMLS: IG16183880

    $699,900

    Price

  • Listing provided courtesy of CRMLS

  • May, 2017

  • May 5, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2016

  • Oct 13, 2016

    Date

    Sold (Public Records)

    Public Records

    $690,000

    Price

  • April, 2016

  • Apr 19, 2016

    Date

    Price Change

    CRMLS: IG16024441

    $749,900

    Price

  • Feb 5, 2016

    Date

    Price Change

    CRMLS: IG16024441

    $859,900

    Price

  • Listing provided courtesy of CRMLS

Show More

Tax History for 1952 W 48Th St

Assessed Value (2020): $764,069
Year Land Value Improved Value Assessed Value
2020 $424,483 $339,586 $764,069

Home Value Compared to the Market

This property vs the competition

1952 W 48Th St sold on November 10, 2023 for 101.68% 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 $361.88 per/sqft which puts the price per square foot 52.07% lower than the current median sale per square foot for the city of Los Angeles.

About 1952 W 48Th St

Detailed summary of property

1952 W 48Th St is a multi family that recently sold in Los Angeles, CA 90062. This multi family property offered 10 bedrooms, 10 bathrooms, roughly 6,632 living square feet, and sits on an approximately 6,501 square foot lot. 1952 W 48Th St was first listed on ArdentRealEstateGroup.com on August 19, 2023. The homeowner sold the property for $2,075,000. 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 101.68% higher than the current median priced home. Local homes that are currently for sale include 602 W 40th Pl, 932 W 66th St and 3023 S Budlong Ave. While the average home in Los Angeles, CA is selling in 93 days, 1952 W 48Th St has a days on market of 52 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1952 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 1952 W 48Th St

Public county record property details
Beds
4
Baths
4
Year built
1916
Sq. Ft.
4,560
Lot Size
6,500
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
297
APN
5015-018-013

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
$855,000
Median List Price/Sq.Ft.
$578
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
31
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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Recently Sold Homes Near 1952 W 48Th St

4813 S Wilton Pl, Los Angeles, CA 90062
$1,250,000 Last Sold Price
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4813 S Wilton Pl
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4817 S Gramercy Pl, Los Angeles, CA 90062
$1,200,000 Last Sold Price
9 Beds
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4422 S Wilton Pl, Los Angeles, CA 90062
$1,125,000 Last Sold Price
10 Beds
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4504-4506 S Van Ness Ave, Los Angeles, CA 90062
$750,000 Last Sold Price
4 Beds
3 Baths
1704 Sq.Ft.
4504-4506 S Van Ness Ave
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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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