1021 W 48th Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE UNDER CONTRACT$799,000
1021 W 48th Street, Los Angeles, California 90037
0Bed
0Bath
2,096Sqft
6,470Lot
Year Built
1923
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$381
HOA
-
Days on market
-
Sold On
-
MLS number
SR24244800
Home ConditionFair
Features
View-
About this home
We found 2 Cons,3 Pros. Rank: price - $799.0K(30th), sqft - 2096(43th), beds - undefined(50th), baths - undefined(50th).
Great Investor Opportunity!! This Craftsman Style home offers 3 units and is located close to USC & BMO Stadium. Main House is 3 bedroom + 2 bathrooms + attic. Hardwood floors, fireplace, expose ceiling beams in Living room & Dining area. Second & Third units are 1 bedroom + 1 bathroom. Spacious lot size with large driveway and detached garage ready for your next ADU project. APN#5017-029-043 will be included on the sale. Agents/ Brokers see private remarks.
Nearby schools
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.0mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.3mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.4mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.4mi
5/10
Menlo Avenue Elementary School
Public,•K-5•0.6mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.8mi
2/10
Western Avenue Elementary School
Public,•K-5•1.0mi
2/10
Main Street Elementary School
Public,•K-5•1.2mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.2mi
3/10
Trinity Street Elementary School
Public,•K-5•1.5mi
/10
Maple Primary Center
Public,•K-1•1.6mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.7mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.7mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.0mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.5mi
2/10
John Muir Middle School
Public,•6-8•0.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.0mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.6mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.8mi
1/10
Horace Mann Junior High School
Public,•6-8•2.0mi
2/10
Audubon Middle School
Public,•6-8•2.2mi
3/10
Manual Arts Senior High School
Public,•9-12•0.6mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.0mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.1mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.5mi
5/10
Santee Education Complex
Public,•9-12•2.6mi
Condition Rating
Fair
The property was built in 1923 and appears to have some original features, such as hardwood floors and exposed ceiling beams. However, the kitchens and bathrooms appear dated and would likely benefit from updates. While the property seems maintained, it's likely that major systems are aging. The description mentions an 'investor opportunity,' suggesting that updates are needed to maximize its potential.
Pros & Cons
Pros
Income Potential: The property is a triplex, offering immediate rental income from three separate units.
Prime Location: Located close to USC and BMO Stadium, making it attractive to students, faculty, and sports fans.
Development Opportunity: Spacious lot with a detached garage presents a great opportunity for an ADU project, potentially increasing rental income.
Cons
Age and Condition: Built in 1923, the property may require updates and maintenance to meet modern standards and tenant expectations.
Active Under Contract: The property's 'Active Under Contract' status indicates a pending sale, which could complicate or delay the acquisition process.