1021 W 48th Street, Los Angeles, California 90037, Los Angeles, 90037 - 6 bed, 4 bath
ACTIVE UNDER CONTRACT$799,000
1021 W 48th Street, Los Angeles, California 90037
6Beds
4Baths
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
SR24245170
Home ConditionFair
Features
View-
About this home
We found 2 Cons,3 Pros. Rank: price - $799.0K(79th), sqft - 2096(85th), beds - 6(91th), baths - 4(94th).
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. While it has hardwood floors and exposed ceiling beams, the kitchen and bathrooms appear dated in the images. The description mentions it's a good investment opportunity, suggesting it needs updates to maximize its potential. Given the age and the need for updates, a 'fair' condition score is appropriate.
Pros & Cons
Pros
Investment Opportunity: The property offers three units, providing immediate rental income potential.
Prime Location: Located close to USC and BMO Stadium, attracting students and event attendees.
ADU Potential: Spacious lot with a detached garage presents an opportunity for an ADU project, increasing property value.
Cons
Age of Property: Built in 1923, the property may require updates and maintenance to meet modern standards.
Potential Renovation: The property may need renovation to maximize its rental potential.