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

$780,000
  • 5 Beds
  • 4 Baths
  • 2,072 Sq.Ft.
For Sale
$780,000 Get Pre-Qualified
Map preview of 920 E 48Th St, Los Angeles, CA 90011

Property Overview: 920 E 48Th St Los Angeles, CA has 5 bedrooms, 4 bathrooms, 2,072 living square feet and 7,505 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Great Investment Opportunity! 4 UNITS located in the city of Los Angeles! Tenants currently pay all utilities and property is fully tenant occupied. Front house is 2 units consisting of 2 Bedroom 1 bath and 1 Bedroom 1 Bath... and back detached duplex is side by side 1 Bedroom 1 Bathroom each. One of the units was completely remodeled in February 2024. Approximately 5 minutes from Exposition Park and only a few blocks away from South Park Pool & Recreation Center and approximately 1 mile from 110 Fwy for your commuting convenience. Don't let this opportunity pass you up!

Listed by Itzel Anaya | BRE #01414915 | Home Smart Realty Group
Last checked: 9 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
7,505
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
PW24175029
City
Los Angeles
County
Los Angeles
Time on Site
26 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,989
  • Total Rent: $1,989
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $730
  • Total Rent: $730
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $424
  • Total Rent: $424
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.4%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $52,716
  • Net Operating Income: $44,652
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $8,064
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $8,775
  • Trash: $0
  • Insurance: $1,800
  • Water/Sewer: $0

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Property Details for 920 E 48Th St

Interior Features
Laundry Information
  • No Laundry
  • None
Room Information
  • Flooring: Carpet, Tile
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Has Fence
  • Chain Link
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Back Yard, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5108020007
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: East of McKinley South of E. Vernon Ave.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 920 E 48Th St

Last sold for $440,000 on July 28th, 2017

  • August, 2024

  • Aug 22, 2024

    Date

    Active

    CRMLS: PW24175029

    $780,000

    Price

  • July, 2017

  • Jul 31, 2017

    Date

    Sold

    CRMLS: DW17040503

    $440,000

    Price

  • Jun 15, 2017

    Date

    Pending

    CRMLS: DW17040503

    $449,000

    Price

  • May 10, 2017

    Date

    Active

    CRMLS: DW17040503

    $449,000

    Price

  • Apr 6, 2017

    Date

    Pending

    CRMLS: DW17040503

    $449,000

    Price

  • Mar 4, 2017

    Date

    Active

    CRMLS: DW17040503

    $449,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 7500+ square foot lot with gate, ample driveway and parking space that comfortably fits 5 cars, and 2000+ square feet of living space located ideally close to all the metropolitan areas of Los Angeles. The property on title is zoned LAR2 and shows 4 units but owners have unified the front two units into one large one with 4 bed and 2 bath. The other two units are in the rear building side by side and are 1 bath 1 bedroom each.

  • July, 2017

  • Jul 21, 2017

    Date

    Sold (Public Records)

    Public Records

    $440,000

    Price

  • February, 1994

  • Feb 8, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 920 E 48Th St

Assessed Value (2020): $457,776
Year Land Value Improved Value Assessed Value
2020 $312,120 $145,656 $457,776

Home Value Compared to the Market

This property vs the competition

920 E 48Th St is listed 35% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $376.45 per/sqft which puts the price per square foot 50.98% lower than the median price per square foot for the city of Los Angeles.

About 920 E 48Th St

Detailed summary of property

920 E 48Th St is a fourplex located in Los Angeles, CA 90011 and is currently for sale. This fourplex offers 5 bedrooms, 4 bathrooms, roughly 2,072 living square feet, and sits on an approximately 7,505 square foot lot. 920 E 48Th St was first listed on ArdentRealEstateGroup.com on August 23, 2024. The homeowner is currently asking $780,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 35% lower than the median priced home. Local competing homes currently for sale include 1212 E 54th St, 242 W 46th St and 1386 E 55th St. While the average home in Los Angeles, CA is selling in 106 days, 920 E 48Th St has a days on market of 8 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 920 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 920 E 48Th St

Public county record property details
Beds
5
Baths
4
Year built
1923
Sq. Ft.
2,072
Lot Size
7,503
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5108-020-007

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
$620,000
Median List Price/Sq.Ft.
$532
Median Sold Price
$590,000
Median Sold Price/Sq.Ft.
$438
Total Inventory
52
Median Sale to List Price %
102.61%
Avg Days on Market
46
Loan Type
Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

Tour This Home

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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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