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1416 W 48th Street, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath

1416 W 48th Street, Los Angeles, California 90062 home-pic-0
ACTIVE$799,000
1416 W 48th Street, Los Angeles, California 90062
0Bed
0Bath
2,189Sqft
6,524Lot
Year Built
1911
Close
-
List price
$799K
Original List price
$950K
Price/Sqft
$365
HOA
-
Days on market
-
Sold On
-
MLS number
PW25003235
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $799.0K(33th), sqft - 2189(50th), beds - undefined(50th), baths - undefined(50th).

Drastically improved pricing for this excellent Cash-flowing duplex! This beautifully reimagined duplex investment property features a spacious 3-bedroom, 1,800 SF front house, remodeled in 2019/2020, offering an open and bright layout with a large kitchen, dining, and living area filled with natural light. Modern updates throughout include a laundry area, dishwasher, front porch, and plenty of storage space in a large attic. Additionally, there is a newly built (2019) detached studio ADU under 400 SF which offers high-quality finishes and a stylish living space. Recent upgrades to the main house include new windows, floors, kitchen, and bathrooms, as well as a new heater and water heater (2022). The property also provides secure parking with one spot per unit in a gated driveway. Ideally located just off Normandie Avenue and west of the 110 Freeway, this duplex offers easy access to major transit routes, making it a prime location for convenience and accessibility.

Nearby schools

3/10
Normandie Avenue Elementary School
Public,•K-5•0.3mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.5mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.7mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.8mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•0.5mi
2/10
John Muir Middle School
Public,•6-8•1.1mi
3/10
Manual Arts Senior High School
Public,•9-12•0.8mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.2mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.6mi

Price History

Date
Event
Price
02/27/20
Sold
$640,000
05/16/18
Sold
$392,000
Condition Rating
Excellent
Despite being built in 1911, the main house underwent an extensive and recent renovation in 2019/2020, including new windows, floors, kitchen, and bathrooms, along with a new heater and water heater in 2022. Additionally, a new detached ADU was built in 2019. The images confirm modern, high-quality finishes in the kitchen (white shaker cabinets, stainless steel appliances, modern hood, pendant lighting) and throughout the living areas (wood-look flooring, recessed lighting, open concept). All major components are new or virtually new, meeting current quality standards, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Income-Generating Asset: This property is an 'excellent Cash-flowing duplex' featuring a spacious 3-bedroom main house and a newly built detached studio ADU, maximizing rental income potential and investment return.
Extensive Recent Renovations: The main house was extensively remodeled in 2019/2020 with new windows, floors, kitchen, bathrooms, and updated heater/water heater (2022), while the ADU was newly built in 2019, minimizing immediate capital expenditures for a buyer.
Modern & Functional Living Spaces: The main house boasts an open, bright layout with a large kitchen, dining, and living area filled with natural light, complemented by modern amenities like a laundry area and dishwasher, appealing to contemporary tenants.
Secure Gated Parking: The property offers secure, gated driveway parking with one dedicated spot per unit, a highly desirable feature in Los Angeles that enhances tenant convenience and property value.
Strategic Location & Accessibility: Positioned just off Normandie Avenue and west of the 110 Freeway, the property provides easy access to major transit routes, ensuring strong tenant demand due to convenient commuting options.

Cons

Age of Original Structure: Despite extensive remodels, the main house was originally built in 1911, which could potentially lead to unforeseen maintenance issues related to the underlying older infrastructure not covered by recent updates.
Limited ADU Size: The detached ADU is a studio unit under 400 SF. While new and stylish, its small size may limit the pool of potential tenants or the achievable rental income compared to a larger, multi-room ADU.
Potential for Limited Private Outdoor Space: With a duplex and an ADU on a 6,524 sqft lot, and gated parking, individual private outdoor space for each unit might be limited, which could be a drawback for tenants seeking more personal yard area.

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