178 E 49th Street, Los Angeles, California 90011, Los Angeles, 90011 - 6 bed, 6 bath
ACTIVE$1,049,900$2,483/sqft
178 E 49th Street, Los Angeles, California 90011
6Beds
6Baths
2,483Sqft
6,751Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Income Potential: This triplex is designed like five separate homes on one lot with three gas and electric meters, offering maximum flexibility and significant income potential for investors.
Top Cons:
Historic Property Age: Built in 1909, the property's age may indicate potential for older infrastructure (plumbing, electrical, HVAC) and higher ongoing maintenance or upgrade costs.
Compared to the nearby listings
Price:$1.05M vs avg $699.0K (+$350,900)86%
Size:2,483 sqft vs avg 2,076 sqft79%
Price/sqft:$423 vs avg $34076%
More Insights
Built in 1909 (117 years old).
Condition: Despite being built in 1909, this triplex has undergone extensive renovations, making it a 'turnkey opportunity' as described. The kitchens feature updated cabinets, granite countertops, and stainless steel appliances. Bathrooms are clean, functional, and show various levels of modern updates, with one appearing quite contemporary. Flooring is a mix of well-maintained tile and laminate. While the exterior shows its age, the interior is move-in ready with no immediate renovations required, aligning with the 'Good' condition criteria for a property extensively renovated within the last 5-15 years.
Year Built
1909
Close
-
List price
$1.05M
Original List price
$115K
Price/Sqft
$423
HOA
-
Days on market
-
Sold On
-
MLS number
SR25146385
Home ConditionGood
Features
Good View: City Lights
Patio
ViewCity Lights
About this home
Back on the market at a NEW Price. 178 E 48th St is one of the strongest investment opportunities in the area. Located just minutes from USC, Exposition Park, and Downtown LA, this triplex is designed like five separate homes on one lot, offering maximum flexibility and income potential. With three gas and electric meters, LARD2 zoning, parking for up to seven cars, and plenty of outdoor space, it’s set up for success. The property will be delivered completely ready for new renters so you can step in and capture today’s market rents without the hassle of tenant negotiations. Nothing else in the neighborhood compares at this value. A true turnkey opportunity for investors or owner-users looking to build wealth
J
Jesse Garcia
Listing Agent
Nearby schools
2/10
Main Street Elementary School
Public,•K-5•0.3mi
5/10
Estrella Elementary School
Public,•K-5•0.5mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.6mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.7mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.9mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.9mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.9mi
2/10
Aurora Elementary School
Public,•K-5•0.9mi
2/10
Harmony Elementary School
Public,•K-5•1.0mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.0mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.1mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.7mi
3/10
George Washington Carver Middle School
Public,•6-8•0.7mi
2/10
John Muir Middle School
Public,•6-8•1.3mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.4mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.2mi
3/10
Manual Arts Senior High School
Public,•9-12•1.3mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.4mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.5mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.9mi
5/10
Santee Education Complex
Public,•9-12•2.2mi
Price History
Date
Event
Price
02/02/98
Sold
$259,636
08/06/02
Sold
$260,000
Condition Rating
Good
Despite being built in 1909, this triplex has undergone extensive renovations, making it a 'turnkey opportunity' as described. The kitchens feature updated cabinets, granite countertops, and stainless steel appliances. Bathrooms are clean, functional, and show various levels of modern updates, with one appearing quite contemporary. Flooring is a mix of well-maintained tile and laminate. While the exterior shows its age, the interior is move-in ready with no immediate renovations required, aligning with the 'Good' condition criteria for a property extensively renovated within the last 5-15 years.
Pros & Cons
Pros
Exceptional Income Potential: This triplex is designed like five separate homes on one lot with three gas and electric meters, offering maximum flexibility and significant income potential for investors.
Prime Urban Location: Strategically located just minutes from USC, Exposition Park, and Downtown LA, ensuring high tenant demand and strong rental market appeal.
Turnkey Investment Opportunity: The property will be delivered completely ready for new renters, allowing for immediate income generation without the hassle of tenant negotiations.
Ample Parking & Outdoor Space: With parking for up to seven cars and plenty of outdoor space, this property offers a rare and valuable amenity in a dense urban environment.
Flexible Zoning (LARD2): The LARD2 zoning provides potential for future expansion or development, adding long-term value and versatility to the investment.
Cons
Historic Property Age: Built in 1909, the property's age may indicate potential for older infrastructure (plumbing, electrical, HVAC) and higher ongoing maintenance or upgrade costs.
Lack of Detailed Interior Condition: While stated as 'ready for new renters,' the description does not provide specific details on the level of interior finishes or recent renovations, which could be a concern for a property of this age.
Ambiguous Price History: The property being 'back on the market at a NEW Price' with a significant change from the 'original list price' warrants thorough due diligence into its sales history and any prior transaction issues.