1041 W 48th Street, Los Angeles, California 90037, Los Angeles, 90037 - 3 bed, 2 bath
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Los Angeles, California 90037
This Modernized Residential Asset is a Strong Value Opportunity, listed at $699,000—positioned well below the $761,870 Fair Market Value by 8%. This valuation gap offers $62,870 in Instant Equity for the incoming owner. Holding a Good Condition Rating, the 2010-built home features an updated kitchen, new vinyl flooring, and an oversized 7,426 sqft lot. The garage conversion provides turnkey rental income potential in a central location near USC and Downtown. This is an ideal acquisition for Owner-Occupants looking to house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1041 W 48th Street Subject | $699,000* List Price | 3 | 2 | 1,334 | $571 | - |
A 1220 W 46th Street Sold | $800,000 | 3 | 2 | 1,500 | $533 | 0.2 mi |
B 636 W 52nd Sold | $645,000 | 3 | 2 | 1,060 | $608 | 0.6 mi |
C 707 West 51st Street Sold | $640,000 | 3 | 1 | 1,009 | $634 | 0.5 mi |
D 1111 W 54th Sold | $640,000 | 3 | 1 | 1,188 | $539 | 0.4 mi |
E 933 W 57th Sold | $585,000 | 3 | 2 | 1,152 | $508 | 0.7 mi |
F 1021 W 53rd St Sold | $725,000 | 4 | 2 | 1,649 | $440 | 0.4 mi |
G 1320 W 50th Street Active | $799,999 List Price | 3 | 1 | 1,288 | $621 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was built in 2010, placing it within the 10 to 20-year age range for a 'good' condition score. It is move-in ready with several recent updates, including new vinyl plank flooring in the main living areas and a modernized galley kitchen with newer cabinetry and functional black appliances. The bathrooms are updated and clean, and the inclusion of character features like coffered ceilings adds value. While the bedroom carpets show some standard wear and the finishes are builder-grade rather than luxury, the home is well-maintained with no immediate renovations required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7426, living area = 1334.
The property includes a garage conversion with a bedroom and bathroom, offering a turnkey opportunity for rental income or a multi-generational living setup.
At nearly 7,500 square feet, the lot is significantly larger than average for the area, providing ample space for outdoor activities or potential future development.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7426, other record lot size in square feet = 6695.
Most of the assigned public schools in the immediate area carry low performance ratings, which may impact the property's appeal to families prioritizing education.
The driveway relies on tandem parking for multiple vehicles, which can be inconvenient for households with several drivers requiring frequent vehicle shuffling.
Great value for a oversized lot -- almost 7500 square feet! Many upgrades also inside, including new vinyl flooring and updated kitchen, plus character features like coffered ceilings. Sizable living room and formal dining room flow toward the galley kitchen, which has newer cabinetry and side-by-side washer and dryer. Three bedrooms are spacious, with carpets, and two bathrooms are bright and updated. Tandem parking for multiple vehicles in driveway, a big backyard and garage conversion with bedroom and bath, which allows for additional income, round out this home's many wonderful features. Central location close to freeways and downtown Los Angeles. Perfect for investors in a developing area with strong rents or owner occupant looking for the perfect entry-level house that is fully move-in ready. First-time homebuyer programs available. Inquire with agent. Call for a showing today!
No exterior & parking available.
Grades K-2 • 0.1 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,334 | 1,295.5 | 50% |
| Lot Size | 7,426 | 5,366.5 | 97% |
| Price | $699.0K | $652.5K | 63% |
| Price per sq ft | $524 | $488 | 59% |
| Built year | 2010 | 1911 | 97% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 181 | 3% |
Mar 24, 2026
$699,000
Initial Listing
Jun 16, 2010
$170,000
Public Record