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348 W 48th St, Los Angeles, CA 90037
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348 W 48th St Los Angeles, CA 90037

$600,000 Sold Price as of 01/24/2020
  • 8 Beds
  • 4 Baths
  • 3,302 Sq.Ft.
Sold
$600,000 Sold Price as of 01/24/2020 Refinance Your Mortgage
Map preview of 348 W 48th St, Los Angeles, CA 90037

Property Overview: 348 W 48th St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,302 living square feet and 7,966 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: HUGE Price Reduction!! GREAT Income Property opportunity!! HUGE 1956 square Feet Newer Built (1992) Two Level rear house, It is a VERY Spacious 4 Bedroom 2 1/2 bath, huge parking area off Grand Ave. Separate Front 4 Bedroom 2 bath house with 48th st gated entrance. Plenty of Block and wrought Iron fenced throughout. A side parcel was just added to this Magnificent opportunity. Two parcels total 7,966 Square Feet. Plenty of space for entertaining family!

Listed by RAFAEL MELGOZA | BRE #00854747 | IRN REALTY
Last checked: 3 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 94

Home details

Lot Sq. Ft
7,966
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
WS19156823
City
Los Angeles
County
Los Angeles
Time on Site
1221 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: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $51,600
  • Net Operating Income: $50,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $1,600
  • New Taxes: $3,500
  • Trash: $600
  • Insurance: $800
  • Water/Sewer: $1,500

Property Details for 348 W 48th St

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One, Two
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block, Chain Link, Security, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Driveway, Concrete, Gated, On Site, Private
Lot Information
  • Lot Features: Corner Lot, Front Yard, Garden, Lot 6500-9999, Irregular Lot, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5110016001
  • Year Built Source: Assessor
  • Architectural Style: Bungalow, Contemporary
  • Property is not Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: 110 Freeway and Vernon Ave
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 348 W 48th St

Last sold for $600,000 on January 24th, 2020

  • February, 2022

  • Feb 23, 2022

    Date

    Active

    CRMLS: WS22024739

    $1,399,888

    Price

  • Listing provided courtesy of CRMLS

    GREAT Income Property opportunity!! CAP RATE: 5.14. 3 Units with little cost to maintain. Rear two units Built (1992) (No Rent Control?) and newly Converted (2022) with City Permits to current Code. VERY Spacious 2 Bedroom 2 bath second level rear unit with New Kitchen Shake Cabinets, new waterproofed flooring, Rear lower unit is a 2 Bedroom 1 1/2 bath and bonus room being used as a 3rd Bedroom. Both units went through major Renovation with New lower unit Shower, New Windows, New Gas Tankless Water heater, wall Air Conditioning units. Both units have complete New Electric wiring, New Gas lines, New Water line with New Water Meter at the street. Front 3 Bedroom 2 bath house built in 1905 with front gated entrance with space for two cars. Front house kitchen was upgraded in 2021 with Shake Cabinet and Quartz counter tops. gated parking for rear units. Plenty of Block and wrought Iron fenced throughout. A side parcel of 2,563 square feet is included. The Two parcels total 7,966 Square Feet. Water is Sub-metered. Walking distance to USC, LAFC stadium, Exposition Park and it's Museums.

  • September, 2021

  • Sep 20, 2021

    Date

    Coming Soon

    CRMLS: WS21207620

    $1,600

    Price

  • Listing provided courtesy of CRMLS

    Newly remodeled 1 Bedroom 1 bath two level unit for 2 adults. close to freeways, shopping and transportation.

  • January, 2020

  • Jan 24, 2020

    Date

    Sold

    CRMLS: WS19156823

    $600,000

    Price

  • Oct 10, 2019

    Date

    Pending

    CRMLS: WS19156823

    $638,000

    Price

  • Sep 9, 2019

    Date

    Price Change

    CRMLS: WS19156823

    $638,000

    Price

  • Aug 16, 2019

    Date

    Price Change

    CRMLS: WS19156823

    $659,000

    Price

  • Jul 8, 2019

    Date

    Active

    CRMLS: WS19156823

    $699,000

    Price

  • January, 2020

  • Jan 24, 2020

    Date

    Sold (Public Records)

    Public Records

    $600,000

    Price

  • July, 2019

  • Jul 2, 2019

    Date

    Canceled

    CRMLS: DW18078145

    $649,000

    Price

  • Aug 21, 2018

    Date

    Price Change

    CRMLS: DW18078145

    $649,000

    Price

  • Apr 17, 2018

    Date

    Price Change

    CRMLS: DW18078145

    $679,000

    Price

  • Apr 6, 2018

    Date

    Active

    CRMLS: DW18078145

    $750,000

    Price

  • Listing provided courtesy of CRMLS

    Desire property located near down town Los Angeles front unit 2 Bed 1 bath back unit 3 Bed 2.5 bath. Owner occupied, rear unit was legally built in 1994 there is parking space for up to five vehicles.

  • January, 2001

  • Jan 8, 2001

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 348 W 48th St

Assessed Value (2020): $281,246
Year Land Value Improved Value Assessed Value
2020 $55,142 $226,104 $281,246

Home Value Compared to the Market

This property vs the competition

348 W 48th St sold on January 24, 2020 for 46.39% 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 $193.22 per/sqft which puts the price per square foot 74.41% lower than the current median sale per square foot for the city of Los Angeles.

About 348 W 48th St

Detailed summary of property

348 W 48th St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,302 living square feet, and sits on an approximately 7,966 square foot lot. 348 W 48th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $600,000. 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 46.39% lower than the current median priced home. Local homes that are currently for sale include 854 E 50th St, 907 E 50th St and 424 E 61st Street. While the average home in Los Angeles, CA is selling in 92 days, 348 W 48th St has a days on market of 94 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 348 W 48th St Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 348 W 48th St

Public county record property details
Beds
5
Baths
3
Year built
1905
Sq. Ft.
3,302
Lot Size
5,402
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
48
APN
5110-016-001

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$517
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
32
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), 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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