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

$995,000 Sold Price as of 12/19/2022
  • 20 Beds
  • 12 Baths
  • 3,658 Sq.Ft.
Sold
$995,000 Sold Price as of 12/19/2022 Refinance Your Mortgage
Map preview of 940 W 48th St, Los Angeles, CA 90037

Property Overview: 940 W 48th St Los Angeles, CA has 20 bedrooms, 12 bathrooms, 3,658 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: Premium Opportunity for Investors and Savvy Home Buyers! Sensationally situated only moments from I-110, this four-unit residential building provides an exceptional investment opportunity while offering a unique chance to create an excellent addition to your real estate portfolio. As a fantastic upside, the property welcomes residents with mature tropical landscaping, a classic stucco exterior, a long paved driveway, and a gated entry. Cumulatively totaling approximately 3,658 square feet, it features four units, which consist of (1) 4-bedroom, 3-bath unit and (1) 3-bedroom, 1-bath unit, (1) 2-bedroom, 1-bathroom unit, and (1) 1-bedroom, 1-bathroom unit. With its proximity to all major attractions and local Los Angeles landmarks, residents can easily venture to Downtown LA or USC to enjoy shopping, restaurants, and all the amenities the city offers. Call now to schedule your private showing!

Listed by Andrew Watkins | BRE #01478668 | Keller Williams Hollywood Hills
Co-listed by James Scott Suarez | BRE #01433992 | Keller Williams Hollywood Hills
Last checked: 1 minute ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
5,849
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22219539
City
Los Angeles
County
Los Angeles
Time on Site
530 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
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 9
  • Gross Scheduled Income: --
  • Net Operating Income: $100,000
  • Gross Operating Income: $109,200
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 940 W 48th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 5018012014
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: S. of Vernon Ave., W. of Hoover St., N. of 51st., E. of Normandie Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 940 W 48th St

Last sold for $995,000 on December 19th, 2022

  • December, 2022

  • Dec 19, 2022

    Date

    Sold

    CRMLS: 22219539

    $995,000

    Price

  • Nov 22, 2022

    Date

    Active

    CRMLS: 22219539

    $1,029,000

    Price

  • October, 2022

  • Oct 7, 2022

    Date

    Canceled

    CRMLS: 22194001

    $998,000

    Price

  • Aug 28, 2022

    Date

    Active

    CRMLS: 22194001

    $998,000

    Price

  • Listing provided courtesy of CRMLS

    Fabulous 4-unit investment property. Front unit consists of living room, dining area, updated kitchen with granite counter, master bedroom with en-suite full bath and 3 additional bedrooms and 1 bath. Second unit in the rear lower level has 1 bedroom and 1 bath. Third unit upstairs has 2 bedrooms and 1 bath and Fourth unit has 3 bedrooms and 1 bath. There is a laundry room on the property. Copper plumbing, new electrical panel, hardwood floors and carport parking. Well maintained property and minutes to USC Campus, museum, stadium, restaurants and shops. Property sold "AS-IS."

  • August, 2022

  • Aug 14, 2022

    Date

    Expired

    CRMLS: 22118017

    $1,098,000

    Price

  • Jan 12, 2022

    Date

    Active

    CRMLS: 22118017

    $1,298,000

    Price

  • Listing provided courtesy of CRMLS

    Fabulous 4-unit investment property. Front unit consists of living room, dining area, updated kitchen with granite counter, master bedroom with en-suite full bath, 3 additional bedrooms and 1 shower. Second unit in the rear lower level has 1 bedroom and 1 bath. Third unit upstairs has 2 bedrooms and 1 bath and Fourth unit has 3 bedrooms and 1 bath. There is a laundry room on the property. Copper plumbing, new electrical panels, hardwood floors and carport parking. Well maintained property and minutes to USC Campus, museum stadium, restaurants and shops. Property sold "AS-IS".

  • June, 2021

  • Jun 26, 2021

    Date

    Active

    CRMLS: 21753626

    $1,325,000

    Price

  • Listing provided courtesy of CRMLS

    Great Investment Opportunity to own 4 Units in Los Angeles. Exterior newly painted. Very impressive well maintained building . The subject property has a great unit mix of (1) 4 Bdrm 2 Ba, (1) 3 Bdrm 1 Ba, (1) 2 Bdrm 1Ba, (1) 1 Bdrm 1Ba. There's Copper plumbing and new electrical panels. Each unit has a separate gas and electrical meter. Updated laundry room with new washer and dryer for tenant use (potential extra income for Owner). Exciting News! Owner will pay Relocation Assistance for one Unit. Funds will be placed in Escrow. The neighborhood and surrounding areas are improving rapidly. Only blocks away from USC Campus, Science Center, Lucas Museum, and BANC of Calif Stadium. Close to DTLA and all activities at LA Live.

  • May, 2019

  • May 22, 2019

    Date

    Sold

    CRMLS: RS19001207

    $815,000

    Price

  • May 14, 2019

    Date

    Active Under Contract

    CRMLS: RS19001207

    $832,000

    Price

  • Feb 15, 2019

    Date

    Price Change

    CRMLS: RS19001207

    $832,000

    Price

  • Jan 10, 2019

    Date

    Active

    CRMLS: RS19001207

    $891,000

    Price

  • Listing provided courtesy of CRMLS

    NEW LOWER PRICE!! Great Investment--Beautiful 4-Plex located in an outstanding upside rental area and fast-growing USC neighborhood. Unit breakdown: (1) 4 bedroom/2 bathroom (1) 3 bedroom/1 bathroom (1) 2 bedroom/1 bathroom (1) 1 bedroom/1 bathroom, great combination. The property is separately metered for gas and electricity. Well maintained complex, upgraded with partial copper plumbing, newer paint, newer LED lighting fixtures and much more. Automated iron gate making this a very secured complex.

  • May, 2019

  • May 22, 2019

    Date

    Sold (Public Records)

    Public Records

    $815,000

    Price

  • November, 2016

  • Nov 30, 2016

    Date

    Sold (Public Records)

    Public Records

    $732,000

    Price

Show More

Tax History for 940 W 48th St

Assessed Value (2020): $831,540
Year Land Value Improved Value Assessed Value
2020 $581,400 $250,140 $831,540

Home Value Compared to the Market

This property vs the competition

940 W 48th St sold on December 19, 2022 for 13.53% 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 $281.3 per/sqft which puts the price per square foot 62.74% lower than the current median sale per square foot for the city of Los Angeles.

About 940 W 48th St

Detailed summary of property

940 W 48th St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 20 bedrooms, 12 bathrooms, roughly 3,658 living square feet, and sits on an approximately 5,849 square foot lot. 940 W 48th St was first listed on ArdentRealEstateGroup.com on November 22, 2022. The homeowner sold the property for $995,000. 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 13.53% lower than the current median priced home. Local homes that are currently for sale include 217 W 57th St, 3915 Walton Ave and 1632 W 52nd St. 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 940 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 940 W 48th St

Public county record property details
Beds
7
Baths
5
Year built
1965
Sq. Ft.
3,658
Lot Size
5,849
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
59
APN
5018-012-014

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%)

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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