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601 W 48Th St, Los Angeles, CA 90037
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601 W 48Th St Los Angeles, CA 90037

$995,000 Sold Price as of 12/03/2021
  • 4 Beds
  • 4 Baths
  • 4,560 Sq.Ft.
Sold
$995,000 Sold Price as of 12/03/2021 Refinance Your Mortgage
Map preview of 601 W 48Th St, Los Angeles, CA 90037

Property Overview: 601 W 48Th St Los Angeles, CA has 4 bedrooms, 4 bathrooms, 4,560 living square feet and 6,793 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 601 W 48th St is the perfect opportunity to own near USC and Downtown with immediate cash flow. Offered at $218 per sq ft, the property underwent major renovations in 2011 including: copper plumbing, upgraded electrical, newer roof, hardwood floors and tile, double pane windows and more! Each unit offers 1,140 sq. ft. of living with separate kitchen, living room, bedroom, bathroom, enclosed patio, and w&D hookups. Three garages will be delivered vacant with immediate potential to increase revenue.

Listed by Patrick Barnes | BRE #01802953 | Real Estate One
Last checked: 1 minute ago | Last updated: April 29th, 2022 | Source CRMLS | DOM: 70

Home details

Lot Sq. Ft
6,793
HOA Dues
$0/mo
Year built
1922
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
320007793
City
Los Angeles
County
Los Angeles
Time on Site
1011 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # 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
  • Total Rent: $1,635
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,052
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,052
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,264
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.37%
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: $0
  • Net Operating Income: $43,522
  • Gross Operating Income: $0
  • Vacancy Allowance: $0
  • # of Rented Garages: 0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Personal Property: $0
Annual Expense Breakdown
  • Total Operating Expense: $11,840
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $1,760
  • Maintenance: $5,387
  • Professional Management: $0
  • Water/Sewer: $3,688
  • Other Expenses: $1,005

Property Details for 601 W 48Th St

Interior Features
Laundry Information
  • Has Laundry
  • Dryer Included, Washer Included
Room Information
  • Flooring: Wood
  • Living Room
Kitchen Information
  • Has Appliances
  • Refrigerator, Gas Water Heater, Tankless Water Heater
Interior Features
  • Levels: Two
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Flat
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway, Garage
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Public Records
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5018027007
  • Foundation Details: Raised
  • Property is Attached
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable-105
  • Directions: Cross Streets: Hoover and Figueroa
View more facts & features

Local Los Angeles Agent

Sale History for 601 W 48Th St

Last sold for $995,000 on December 3rd, 2021

  • December, 2021

  • Dec 3, 2021

    Date

    Sold

    CRMLS: 320007793

    $995,000

    Price

  • Sep 23, 2021

    Date

    Active

    CRMLS: 320007793

    $995,000

    Price

  • October, 2020

  • Oct 13, 2020

    Date

    Expired

    CRMLS: RS20165964

    $890,000

    Price

  • Oct 13, 2020

    Date

    Pending

    CRMLS: RS20165964

    $890,000

    Price

  • Oct 4, 2020

    Date

    Active Under Contract

    CRMLS: RS20165964

    $890,000

    Price

  • Sep 29, 2020

    Date

    Price Change

    CRMLS: RS20165964

    $890,000

    Price

  • Sep 9, 2020

    Date

    Price Change

    CRMLS: RS20165964

    $895,000

    Price

  • Aug 15, 2020

    Date

    Active

    CRMLS: RS20165964

    $880,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity for first time buyer or seasoned investor with lots of upside rent potential!! 4-PLEX building near LA Memorial Coliseum and the USC corridor. Four large one bedroom units, each is over 900 sqft. All units have separate kitchen, dining and living areas. These large units give a first time buyer or investor the opportunity to recreate floorplans. Walking distance to the LA Coliseum, the new LAFC Stadium, USC and the massive under construction $1 Billion Lucas Museum project. Easy access to major freeways, DTLA, public transportation, restaurants and stores. No warranties expressed or implied. PLEASE DO NOT WALK ON PROPERTY OR DISTURB TENANTS!

  • March, 2010

  • Mar 26, 2010

    Date

    Sold (Public Records)

    Public Records

    $288,000

    Price

Show More

Tax History for 601 W 48Th St

Assessed Value (2020): $339,914
Year Land Value Improved Value Assessed Value
2020 $221,890 $118,024 $339,914

Home Value Compared to the Market

This property vs the competition

601 W 48Th St sold on December 3, 2021 for 11.95% 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 $218.2 per/sqft which puts the price per square foot 71.06% lower than the current median sale per square foot for the city of Los Angeles.

About 601 W 48Th St

Detailed summary of property

601 W 48Th St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 4,560 living square feet, and sits on an approximately 6,793 square foot lot. 601 W 48Th St was first listed on ArdentRealEstateGroup.com on September 23, 2021. The homeowner sold the property for $995,000. 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 11.95% lower than the current median priced home. Local homes that are currently for sale include 837 W Gage Ave, 483 E 49th St and 6275 Menlo Ave. While the average home in Los Angeles, CA is selling in 99 days, 601 W 48Th St has a days on market of 70 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 601 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 601 W 48Th St

Public county record property details
Beds
4
Baths
4
Year built
1922
Sq. Ft.
4,560
Lot Size
6,792
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5018-027-007

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
$744,990
Median List Price/Sq.Ft.
$491
Median Sold Price
$650,000
Median Sold Price/Sq.Ft.
$543
Total Inventory
29
Median Sale to List Price %
100%
Avg Days on Market
41
Loan Type
Conventional (12.5%), FHA (25%), VA (0%), Cash (25%), Other (25%)

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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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