
Los Angeles, California 90037
This Turnkey Craftsman with ADU is a Strong Value Opportunity, listed at $1,050,000—positioned well below the $1,069,600 Fair Market Value by 1.8%. This valuation gap offers $19,600 in Instant Equity. Featuring a Mint Condition Rating, the property includes a permitted 2021 ADU, earthquake retrofitting, and modern systems. Its proximity to USC and Expo Park provides high rental demand, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating residence in a vibrant, transit-connected community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1150 W 48th Street Subject | $1,050,000* List Price | 5 | 4 | 2,782 | $384 | - |
A 1345 W 51st Place Sold | $950,000 | 6 | 3 | 2,475 | $384 | 0.3 mi |
B 711 W 41st Street Sold | $775,000 | 6 | 3 | 1,958 | $396 | 0.9 mi |
C 1115 W 41st Street Sold | $755,000 | 3 | 2 | 2,182 | $346 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1908, the property has undergone a comprehensive high-end renovation within the last 5 years. It features a modern updated kitchen, renovated bathrooms, and a brand-new permitted ADU built in 2021. Major systems have been modernized, including a 200-amp electrical panel, earthquake retrofitting, newer plumbing, and a 2021 water heater, making it a mint-condition, move-in ready home.
The property features a permitted, detached 420 sq. ft. ADU with its own address, separate entrance, and independent utility meters, offering immediate rental income potential or a versatile guest suite.
This 1908 Craftsman has been meticulously renovated with major system updates, including an earthquake retrofit, 200-amp electrical panel, and newer plumbing, blending historic charm with modern reliability.
Situated in the heart of Vermont Square, the home is walkable to USC and Expo Park, and features a highly curated backyard retreat with custom murals, a gas fire pit, and an outdoor movie screen.
The assigned public middle and high schools carry low performance ratings (ranging from 1 to 3), which may be a significant consideration for families prioritizing local education quality.
Despite extensive renovations, the 1908 construction and inclusion of a California basement may necessitate more frequent long-term maintenance and vigilance compared to newer residential builds.
If you've been waiting for a move-in ready, beautifully updated home with a separate 420 sq. ft. permitted ADU with separate entrance and address (1152 W. 48th) , this is it. Located in the heart of Vermont Square, this large 4-bedroom, 3-bath Craftsman (2,362 sq. ft.) has been thoughtfully renovated and welcomes you with a massive front porch complete with porch swing and rocking chairs. Inside, you'll find a spacious open living and family room that flows into a large formal dining area, creating an ideal layout for both everyday living and entertaining. The updated kitchen offers abundant cabinetry, great functionality with excellent storage, and a built-in custom pantry closet, while the California basement provides additional storage space. The flexible floor plan includes one bedroom and one full bath downstairs, with three additional bedrooms and two baths upstairs. The spacious primary suite includes a private bath plus an adjoining bonus area that works beautifully as an office, dressing room, nursery, craft room, or extra closet space. The other two upstairs bedrooms share a front balcony, perfect for sipping your morning coffee or enjoying the sunset in the evening. The entire house has been outfitted with custom Norman honeycomb cord-free light-filtering shades, with blackout versions in all of the bedrooms. In addition, every bedroom has a built-in custom closet system. The backyard feels like a hidden retreat, complete with lush mature landscaping, striking custom murals (from legendary local artists Cache and Alfonso Garcia, and internationally-renowned artist fnnch), a push-button gas fire pit, and an outdoor movie screen for unforgettable backyard movie nights. The detached ADU (built in 2021), delivered empty but previously rented for $1750/month, offers 420 square feet of charm and versatility. This thoughtfully designed 1-bedroom, 1-bath includes a full kitchen, its own washer/dryer and mini-split, built-in custom closet system, ample storage, and its own mini front porch and back patio spaces, making it ideal for guests, rental income (with separate gas and electric meters), or a private workspace. Plus it's own backyard. In the main house, major system updates include earthquake retrofit, newer plumbing lines, newer water heater (replaced in August 2021), 200-amp electrical panel, and a new heater for the second floor. Set across from the quaint Vermont Square Branch Library (one of 3 remaining original Carnegie libraries, opened in 1913), this home is in one of South LA's hidden gems, known for its tree-lined streets, strong sense of community, and unbeatable convenience. Walkable (1-1.5 miles) to USC, the LA Memorial Coliseum, BMO Stadium, Expo Park, and surrounding museums (including the Lucas Museum of Narrative Art, opening this fall), and a short drive from downtown and Crypto.com Arena as well as the Forum, SoFi Stadium, and Intuit Dome. You're also moments from the Expo Line for easy Metro access to Downtown LA and Santa Monica, close to neighborhood favorites like Somerville, Hilltop Coffee, South LA Cafe, and Jon & Vinny's. Jefferson Park, Leimert Park, weekend farmers markets, and community events at Vermont Square Park complete the neighborhood's special appeal.
No exterior & parking available.
Grades K-2 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,782 | 1,672 |
| Lot Size | 6,502 | 6,067 |
| Price | $1.05M | $1.37M |
| Price per sq ft | $377 | $801 |
| Built year | 1908 | 1939 |
| HOA | $0 | $348 |
| Days on market | 34 | 56 |
Jun 18, 2026
$1,050,000
Initial Listing
Apr 11, 2017
$565,000
Public Record
Nov 2, 2016
$365,000
Public Record
Oct 20, 2016
$250,000
Public Record