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2614 W 48th St, Los Angeles, CA 90043
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2614 W 48th St Los Angeles, CA 90043

$1,015,000 Sold Price as of 11/06/2019
  • 6 Beds
  • 4 Baths
  • 4,331 Sq.Ft.
Sold
$1,015,000 Sold Price as of 11/06/2019 Refinance Your Mortgage
Map preview of 2614 W 48th St, Los Angeles, CA 90043

Property Overview: 2614 W 48th St Los Angeles, CA has 6 bedrooms, 4 bathrooms, 4,331 living square feet and 6,748 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2614 W. 48th St. is located near the new Crenshaw/LAX Metro Line in the Leimert Park neighborhood in Los Angeles. This rare 4 unit property offers an investor and/or owner-occupier to acquire a steady investment in a strong rental market. The subject property is comprised of two separate buildings, each 2 story, consisting of a large unit mix of (2) 2 bed/1 bath and (2) 1 bed/1 bath units. The building was originally built in 1933 with a total size of 4,331 SF, sitting on 6,748 SF lot, and there are 4 total garages. All the tenants are currently Month to Month, and at below market rents. The property is in an "Opportunity Zone." Prime Location in Leimert Park near West Adams, Baldwin Hills, Crenshaw, Culver City,Inglewood Football Stadium, USC, Exposition Park, LAX, Restaurants & Shops.

Listed by Brian Noh | BRE #01438155 | Nohco Real Estate
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
6,748
HOA Dues
$0/mo
Year built
1933
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
OC19205722
City
Los Angeles
County
Los Angeles
Time on Site
1264 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,074
  • Total Rent: $1,074
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,030
  • Total Rent: $1,030
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,370
  • Total Rent: $1,370
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,140
  • Total Rent: $1,140
  • Pro Forma/Market Rent: $1,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $55,368
  • Net Operating Income: $33,602
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $20,659
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $12,188
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Virtual Tour

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Property Details for 2614 W 48th St

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Inside, Washer Hookup
Room Information
  • Flooring: Tile, Vinyl, Wood
Interior Features
  • Ceiling Fan(s)
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5014023017
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Other Subdivision Name: Leimert Park
  • Directions: SEC 48th & 5th
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 2614 W 48th St

Last sold for $1,015,000 on November 6th, 2019

  • November, 2019

  • Nov 8, 2019

    Date

    Sold

    CRMLS: OC19205722

    $1,015,000

    Price

  • Oct 11, 2019

    Date

    Pending

    CRMLS: OC19205722

    $975,000

    Price

  • Sep 20, 2019

    Date

    Active Under Contract

    CRMLS: OC19205722

    $975,000

    Price

  • Aug 28, 2019

    Date

    Active

    CRMLS: OC19205722

    $975,000

    Price

  • November, 2019

  • Nov 6, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,015,000

    Price

  • August, 2017

  • Aug 21, 2017

    Date

    Sold (Public Records)

    Public Records

    $750,000

    Price

Show More

Tax History for 2614 W 48th St

Assessed Value (2020): $1,015,000
Year Land Value Improved Value Assessed Value
2020 $765,000 $250,000 $1,015,000

Home Value Compared to the Market

This property vs the competition

2614 W 48th St sold on November 6, 2019 for 13.72% lower than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $225.12 per/sqft which puts the price per square foot 70.14% lower than the current median sale per square foot for the city of Los Angeles.

About 2614 W 48th St

Detailed summary of property

2614 W 48th St is a fourplex that recently sold in Los Angeles, CA 90043. This fourplex offered 6 bedrooms, 4 bathrooms, roughly 4,331 living square feet, and sits on an approximately 6,748 square foot lot. 2614 W 48th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,015,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 13.72% lower than the current median priced home. Local homes that are currently for sale include 6409 11th Ave, 3945 Denker Ave and 3023 Obama Blvd. While the average home in Los Angeles, CA is selling in 99 days, 2614 W 48th St has a days on market of 14 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 2614 W 48th St Los Angeles, CA 90043 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2614 W 48th St

Public county record property details
Beds
6
Baths
4
Year built
1933
Sq. Ft.
4,331
Lot Size
6,748
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
253
APN
5014-023-017

The source for these homes facts are from public records.

90043 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$899,000
Median List Price/Sq.Ft.
$594
Median Sold Price
$1,155,000
Median Sold Price/Sq.Ft.
$718
Total Inventory
98
Median Sale to List Price %
101.76%
Avg Days on Market
19
Loan Type
Conventional (22.22%), FHA (11.11%), VA (0%), Cash (5.56%), Other (11.11%)

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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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