1847 W. 48th Street, Los Angeles, California 90062, Los Angeles, 90062 - 5 bed, 4 bath
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Los Angeles, California 90062
This property presents a Prime Investment Opportunity with a List Price of $974,900—positioned well below the $998,474 Fair Market Value by 2%. This valuation gap offers $23,574 in Instant Equity. Featuring a Fair Condition Rating, the 5-bedroom, 4-bathroom layout includes a detached ADU, maximizing rental utility near USC. While the interior requires cosmetic modernization, the high-density configuration provides significant upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-producing asset in a high-demand location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1847 W. 48th Street Subject | $974,900* List Price | 5 | 4 | 2,100 | $475 | - |
A 4431 S Wilton Place Sold | $815,000 | 4 | 3 | 1,643 | $496 | 0.2 mi |
B 4822 Cimarron Street Sold | $685,000 | 3 | 2 | 1,330 | $515 | 0.2 mi |
C 4929 S Gramercy Place Sold | $685,000 | 3 | 2 | 1,402 | $489 | 0.2 mi |
D 4177 Halldale Avenue Sold | $775,000 | 3 | 1 | 1,483 | $523 | 0.8 mi |
E 1844 W 39th Place Sold | $807,500 | 3 | 2 | 1,380 | $585 | 0.9 mi |
F 4427 S Wilton Place Sold | $966,756 | 3 | 2 | 1,651 | $586 | 0.2 mi |
G 3987 Halldale Avenue Active | $898,999 List Price | 5 | 8 | 2,496 | $360 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the 1913-built property has received a recent exterior face-lift including fresh paint and a new wood fence, the interior remains dated. The bathroom features older tile work and fixtures likely exceeding 20 years in age, and the bedroom shows signs of wear. The property appears functional and move-in ready for a tenant-occupied or multi-generational setup, but requires cosmetic updates and likely system modernizations to reach a 'good' or 'excellent' rating.
The property features a unique configuration including a main residence, two additional living spaces with private entrances, and a detached ADU, offering significant rental revenue or multi-generational flexibility.
Located just 2 miles from USC, the Los Angeles Memorial Coliseum, and BMO Stadium, this home is ideally positioned to capture high demand from students, faculty, and short-term rental markets.
With 5 bedrooms and 4 bathrooms distributed across multiple units, the property maximizes its 2,100 square feet of living space to provide high utility and occupancy capacity.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2100, other record living area = 1549. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
Built in 1913, the property may present challenges associated with aging systems, potentially requiring specialized maintenance or upgrades to electrical, plumbing, and structural components.
Given the conversion into multiple living units and an ADU, the buyer faces the due diligence burden of verifying that all modifications and additional spaces are fully permitted and legally recognized.
OPEN HOUSE SATURDAY 7/25 11AM TO 2PM HOME QUALIFIES FOR 5% DOWN PAYMENT ASSISTANCE!!! Unique income-producing property offering a total of 5 bedrooms and 4 bathrooms. Situated in a prime location approximately just 2 miles from USC, the Los Angeles Memorial Coliseum, and BMO Stadium, this versatile property is ideal for owner-occupants, multi-generational living, or investors. The main residence features 2 bedrooms and 1 bathroom, with two additional 1-bedroom, 1-bathroom living spaces, each offering private entrances for added flexibility. A detached 1-bedroom, 1-bathroom ADU provides even more potential for extended family, guests, or rental income. Ideal property layout for a 6-resident community care home, sober living environment, or RCFE. FHA/ADA protected residential use as well, no city variance required. Buyer to verify all property features, uses, square footage, and suitability for their intended use.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,100 | 1,672 |
| Lot Size | 6,304 | 6,067 |
| Price | $974.9K | $1.37M |
| Price per sq ft | $464 | $801 |
| Built year | 1913 | 1939 |
| HOA | $0 | $348 |
| Days on market | 21 | 56 |
Jul 1, 2026
$974,900
Initial Listing
Jul 30, 2024
$750,000
Public Record
Dec 14, 2018
$500,000
Public Record
May 14, 2008
$325,000
Public Record
Jun 16, 2006
$515,000
Public Record
Mar 3, 1998
$139,000
Public Record
Sep 10, 1997
$83,000
Public Record
Jan 31, 1996
$40,909
Public Record