1261 E 48th Street, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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1261 E 48th Street
Los Angeles, California 90011
ACTIVE
CONDITION: POOR
0Beds
0Baths
1,496Sq Ft
5,447Lot Size
Property Price
LIST PRICE$700,000
EST. MARKET VALUE
$647,438
8% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $700,000—positioned well below the $647,438 Fair Market Value by -8%. Featuring a Zoning R-2 lot with two separate units, this asset offers significant rental income potential. With a Condition Rating of 5, the property requires a full renovation, making it a strategic acquisition for Buy-and-Hold Investors or Contractors. Its proximity to Downtown Los Angeles provides strong long-term demand, despite the need for comprehensive modernization and upgrades.
Estimated Market Value
$647,438
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1261 E 48th Street Subject | $700,000* List Price | 0 | 0 | 1,496 | $433 | - |
A 1608 E Martin Luther King Jr Sold | $570,000 | 4 | 2 | 1,546 | $369 | 0.8 mi |
B 4450 Towne Avenue Sold | $631,000 | 3 | 2 | 1,390 | $454 | 0.8 mi |
C 4416 Crocker Sold | $610,000 | 3 | 2 | 1,059 | $576 | 0.9 mi |
D 877 E 47th Street Pending | $599,000 List Price | 3 | 1 | 1,302 | $460 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1905 (119 years old) with no record of recent renovations to kitchens, baths, or major systems. The listing description uses industry-standard terms for a fixer-upper ('bring your vision', 'potential', 'investor opportunity'), suggesting significant deferred maintenance and the need for a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Income Potential
The property features two separate homes on a single lot (3BR/2BA and 1BR/1BA), providing an excellent opportunity for rental income or multi-generational living.
- Strategic Location
Situated just 10 minutes from Downtown Los Angeles, the property offers convenient access to major employment hubs, transportation, and urban amenities.
- Development Flexibility
Zoned R-2 on a 5,447 sq. ft. lot, this property offers significant potential for investors to maximize density or expand the existing footprint.
CONSRISKS & DEFICIENCIES
- Property Age and Condition
Built in 1905 and marketed as an investor opportunity, the property likely requires substantial modernization and repairs to meet current market standards.
- Underperforming Local Schools
The majority of the assigned public schools in the immediate area have low ratings, which may limit appeal for families prioritizing educational performance.
About 1261 E 48th Street
**Investor or Owner-User Opportunity!** Come take a look at this unique **two-homes-on-one-lot property** offering plenty of potential. The front home features **3 bedrooms, 2 bathrooms, and approximately 936 sq. ft. of living space**, while the rear home offers **1 bedroom and 1 bathroom**, making it ideal for extended family, rental income, or additional living space. Situated on a **5,447 sq. ft. lot zoned R-2**, this property presents a great opportunity for investors or buyers looking to maximize its potential. Conveniently located approximately **10 minutes from Downtown Los Angeles**, with easy access to transportation, shopping, schools, and other local amenities. **Bring your vision and come see the possibilities this property has to offer!**
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1905
- Lot Size
- 5,447 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Hooper Avenue Elementary School
Grades 1-5 • 0.3 mi
2/10
Sally Ride Elementary: A Smart Academy
Grades K-5 • 0.3 mi
3/10
Ascot Avenue Elementary School
Grades K-5 • 0.3 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,496 | 1,664.159 |
| Lot Size | 5,447 | 6,066.556 |
| Price | $700.0K | $1.35M |
| Price per sq ft | $468 | $806 |
| Built year | 1905 | 1939 |
| HOA | $0 | $278 |
| Days on market | 19 | 55 |
Pricing History
Listed for Sale
Aug 21, 2026
$700,000
Initial Listing