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480 E 48Th St, Los Angeles, CA 90011
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480 E 48Th St Los Angeles, CA 90011

$515,000 Sold Price as of 08/11/2021
  • 3 Beds
  • 2 Baths
  • 1,736 Sq.Ft.
Sold
$515,000 Sold Price as of 08/11/2021 Refinance Your Mortgage
Map preview of 480 E 48Th St, Los Angeles, CA 90011

Property Overview: 480 E 48Th St Los Angeles, CA has 3 bedrooms, 2 bathrooms, 1,736 living square feet and 5,480 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Amazing opportunity to own an income producing property in the great city of LA! This well-kept Duplex sits on a lot of 5,480 sqft with a living area of 1,736 sqft. Both units feature new exterior paint, and newer flooring. Front unit presents 2 bed, 1 bath (with a bonus room, currently used as a 3rd bedroom), laundry room, spacious and semi-open floor plan in living areas. Back unit is a 1 bed, 1 bath, also with open floor plan in the living areas. Plenty of parking on the property for both tenants! Location of property is convenient as it is minutes from Downtown LA, shops, restaurants, markets, parks, and schools. Do not miss the opportunity to own this great property and enjoy all it has to offer! *Property is tenant occupied, and intent is to sell with them in place. Both tenants are in good standing with rent*

Listed by Kevin Messiha | BRE #01883819 | Keller Williams - Downtown LA
Last checked: 36 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 41

Home details

Lot Sq. Ft
5,480
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
DW21076647
City
Los Angeles
County
Los Angeles
Time on Site
1100 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: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $27,600
  • Net Operating Income: $20,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $7,600
  • Electric: $0
  • New Taxes: $4,000
  • Trash: $0
  • Gardener: $0
  • Insurance: $1,600
  • Maintenance: $200
  • Water/Sewer: $1,800

Property Details for 480 E 48Th St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room, Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway, Driveway - Combination, Parking Space
Lot Information
  • Lot Features: Front Yard, Garden, Landscaped, Lawn, Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5109020038
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer, Unknown
  • Water Source: Public, See Remarks
Location / Neighborhood
Location Information
  • Directions: Nearest Cross Streets are Avalon and Vernon
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 480 E 48Th St

Last sold for $515,000 on August 11th, 2021

  • August, 2021

  • Aug 11, 2021

    Date

    Sold

    CRMLS: DW21076647

    $515,000

    Price

  • Jul 23, 2021

    Date

    Pending

    CRMLS: DW21076647

    $530,000

    Price

  • Jul 22, 2021

    Date

    Active

    CRMLS: DW21076647

    $530,000

    Price

  • Jul 15, 2021

    Date

    Expired

    CRMLS: DW21076647

    $530,000

    Price

  • Jul 15, 2021

    Date

    Active

    CRMLS: DW21076647

    $530,000

    Price

  • Jun 24, 2021

    Date

    Pending

    CRMLS: DW21076647

    $530,000

    Price

  • May 24, 2021

    Date

    Active Under Contract

    CRMLS: DW21076647

    $530,000

    Price

  • May 18, 2021

    Date

    Price Change

    CRMLS: DW21076647

    $530,000

    Price

  • May 11, 2021

    Date

    Price Change

    CRMLS: DW21076647

    $540,000

    Price

  • Apr 13, 2021

    Date

    Active

    CRMLS: DW21076647

    $555,000

    Price

  • February, 2011

  • Feb 28, 2011

    Date

    Sold (Public Records)

    Public Records

    $209,000

    Price

  • April, 2010

  • Apr 26, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 480 E 48Th St

Assessed Value (2020): $312,071
Year Land Value Improved Value Assessed Value
2020 $169,623 $142,448 $312,071

Home Value Compared to the Market

This property vs the competition

480 E 48Th St sold on August 11, 2021 for 55.46% 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 $305.3 per/sqft which puts the price per square foot 59.56% lower than the current median sale per square foot for the city of Los Angeles.

About 480 E 48Th St

Detailed summary of property

480 E 48Th St is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 3 bedrooms, 2 bathrooms, roughly 1,736 living square feet, and sits on an approximately 5,480 square foot lot. 480 E 48Th St was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $515,000. 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 55.46% lower than the current median priced home. Local homes that are currently for sale include 1236 Exposition Blvd, 1507 W 51St St and 1507 W 51St St. While the average home in Los Angeles, CA is selling in 94 days, 480 E 48Th St has a days on market of 41 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 480 E 48Th St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 480 E 48Th St

Public county record property details
Beds
3
Baths
2
Year built
1924
Sq. Ft.
1,736
Lot Size
5,480
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
41
APN
5109-020-038

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$659,000
Median List Price/Sq.Ft.
$460
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
44
Median Sale to List Price %
104.76%
Avg Days on Market
54
Loan Type
Conventional (33.33%), FHA (25%), VA (0%), Cash (33.33%), Other (8.33%)

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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