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

$975,000 Sold Price as of 10/06/2022
  • 22 Beds
  • 12 Baths
  • 5,015 Sq.Ft.
Sold
$975,000 Sold Price as of 10/06/2022 Refinance Your Mortgage
Map preview of 924 W 48Th St, Los Angeles, CA 90037

Property Overview: 924 W 48Th St Los Angeles, CA has 22 bedrooms, 12 bathrooms, 5,015 living square feet and 5,849 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great investment 4-unit property minutes to USC campus, museum, stadium, restaurants and shops. Front unit is a two story and consists of living room, kitchen, dining room, bathroom with shower, laundry room and a bedroom downstairs. Upstairs consists of master bedroom plus 2 additional bedrooms and a full bath. The remaining 3 units have 2 spacious bedrooms with 1 bath. Each unit has separate gas and electric meter. There is a laundry room on the property. Laminate flooring, partial copper plumbing, updated electrical panel and carport parking. Property shows very well and sold "AS-IS." TAPED FLOOR PLAN is included in the photos and also attached here as documents. Property has been well maintained.

Listed by Charles Picker | BRE #00414181 | I.X.A.
Last checked: 1 minute ago | Last updated: October 7th, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
5,849
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22193989
City
Los Angeles
County
Los Angeles
Time on Site
611 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $1,529
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $927
  • Total Rent: $927
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,102
  • Total Rent: $1,102
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 4
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,003
  • Total Rent: $1,003
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.81
  • Gross Scheduled Income: --
  • Net Operating Income: $36,798
  • Gross Operating Income: $54,732
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 924 W 48Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Outside, Individual Room
Room Information
  • Flooring: Laminate, Tile
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Detached Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5018012010
  • Year Built Source: Assessor
  • Architectural Style: Bungalow
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: East of Vermont and South of Vernon
View more facts & features

Local Los Angeles Agent

Sale History for 924 W 48Th St

Last sold for $975,000 on October 6th, 2022

  • October, 2022

  • Oct 6, 2022

    Date

    Sold

    CRMLS: 22193989

    $975,000

    Price

  • Aug 28, 2022

    Date

    Active

    CRMLS: 22193989

    $975,000

    Price

  • August, 2022

  • Aug 14, 2022

    Date

    Expired

    CRMLS: 21114551

    $1,098,000

    Price

  • Dec 30, 2021

    Date

    Active

    CRMLS: 21114551

    $1,238,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment 4-Unit property minutes to USC Campus, museum, stadium, restaurants and shops. Front unit is a two story. Downstairs has living room, 1 bedroom, kitchen, dining room, bathroom with shower and laundry room. Upstairs consists of master bedroom plus 2 additional bedrooms and a full bath. The remaining 3 units have 2 spacious bedrooms with 1 bath. Each unit has separate gas and electric meter. There is a laundry room on the property. Laminate flooring, partial copper plumbing, updated electrical panel and carport parking. Property shows very well and sold "AS-IS." TAPED FLOOR PLAN is included in the photos and also attached here as documents.

  • August, 2017

  • Aug 31, 2017

    Date

    Sold

    CRMLS: PW17185955

    $699,900

    Price

  • Aug 14, 2017

    Date

    Pending

    CRMLS: PW17185955

    $699,900

    Price

  • Aug 11, 2017

    Date

    Active

    CRMLS: PW17185955

    $699,900

    Price

  • Listing provided courtesy of CRMLS

    Beautiful 2-story four-plex in South Los Angeles area. Great curb appeal. Great Tenants. Well-maintained. Don’t miss out on this investment opportunity. 5,015 Square feet of living space. Front Unit is 4 bedrooms and 2 bathrooms; the other three units are 2 bedrooms and 1 bathroom each. All units are clean, with carpet flooring, big kitchens with spacious living rooms. Tons of parking spaces. Zoned LARD2 – There is a great upside in rents. Property is delivered tenant occupied.

  • February, 2015

  • Feb 27, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2014

  • Dec 22, 2014

    Date

    Sold (Public Records)

    Public Records

    $665,000

    Price

Show More

Tax History for 924 W 48Th St

Assessed Value (2020): $729,055
Year Land Value Improved Value Assessed Value
2020 $416,055 $313,000 $729,055

Home Value Compared to the Market

This property vs the competition

924 W 48Th St sold on October 6, 2022 for 18.07% 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 $194.42 per/sqft which puts the price per square foot 74.25% lower than the current median sale per square foot for the city of Los Angeles.

About 924 W 48Th St

Detailed summary of property

924 W 48Th St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 22 bedrooms, 12 bathrooms, roughly 5,015 living square feet, and sits on an approximately 5,849 square foot lot. 924 W 48Th St was first listed on ArdentRealEstateGroup.com on September 2, 2022. The homeowner sold the property for $975,000. 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 18.07% lower than the current median priced home. Local homes that are currently for sale include 1217 W 60th Pl, 1552 W Vernon Ave and 3915 Walton Ave. While the average home in Los Angeles, CA is selling in 96 days, 924 W 48Th St has a days on market of 11 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 924 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 924 W 48Th St

Public county record property details
Beds
9
Baths
7
Year built
1964
Sq. Ft.
5,015
Lot Size
5,849
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
55
APN
5018-012-010

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
$725,000
Median List Price/Sq.Ft.
$560
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
31
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%)

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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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