281 E 48th Street, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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Los Angeles, California 90011
This Income-Producing Duplex is listed at $710,000, representing a stable acquisition price aligned with its $697,886 Fair Market Value. The property consists of two detached residences—a 3BR/2BA front unit and a 2BR/1BA rear unit—maintaining a Condition Rating of 4 with significant Value-Add Potential. Featuring a detached garage for a potential ADU conversion and proximity to West Vernon Avenue Elementary, the layout ensures tenant privacy and rental upside. This asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a high-demand "house hack" in Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 281 E 48th Street Subject | $710,000* List Price | 0 | 0 | 1,702 | $410 | - |
A 5125 Avenue Woodlawn Sold | $600,000 | 0 | 0 | 1,608 | $373 | 0.2 mi |
B 203 E 56th Street Sold | $745,000 | 0 | 0 | 1,926 | $387 | 0.5 mi |
C 151 E 54th Street Sold | $649,000 | 0 | 0 | 1,525 | $426 | 0.4 mi |
D 415 E Vernon Avenue Active | $549,900 List Price | 0 | 0 | 1,641 | $335 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1922 duplex shows a mix of partial modern updates and significant deferred maintenance. While one unit features newer laminate flooring, shaker-style kitchen cabinets, and an updated electrical panel, there are visible signs of wear including missing cabinet doors, unfinished bathroom walls, and dated tile flooring in the second unit. The property is functional and habitable but requires minor repairs and cosmetic updates to meet modern standards.
The property features two detached homes (3BR/2BA and 2BR/1BA) on a single lot, providing excellent flexibility for owner-occupants to offset their mortgage or for investors to maximize rental income.
Unlike traditional duplexes with shared walls, these separate structures offer superior privacy, a highly desirable feature that typically reduces vacancy rates and attracts long-term tenants.
The inclusion of a detached garage and ample on-site parking offers significant upside potential, including the possibility of an ADU conversion to further increase the property's cash flow.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1702, other record living area = 1790.
Built in 1922, the property may require substantial ongoing maintenance or capital improvements to modernize older systems and ensure structural longevity.
The majority of the surrounding public schools are rated poorly (2/10 or 3/10), which may limit the property's appeal to families prioritizing high-quality educational districts.
Income-Producing Duplex with Flexibility in Prime Los Angeles Location! Excellent opportunity to acquire two separate homes on one lot in a high-demand rental area of Los Angeles. Ideal for investors seeking stable income with upside potential, or owner-occupants looking to live in one unit and offset their mortgage. The front unit features a spacious 3-bedroom, 2-bathroom layout, while the rear unit offers a 2-bedroom, 1-bathroom floor plan. With two detached structures, the property provides privacy and flexibility that tenants highly value. Additional highlights include a detached garage and on-site parking, with potential for added value (buyer to verify). Conveniently located near schools, shopping, dining, and major freeways, making it highly desirable for long-term tenants. A versatile investment with strong income potential and future upside in a sought-after Los Angeles location.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,702 | 1,974 | 30% |
| Lot Size | 5,179 | 5,288 | 45% |
| Price | $710.0K | $745.0K | 45% |
| Price per sq ft | $417 | $387 | 58% |
| Built year | 1922 | 1912 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 209 | 3% |
Apr 3, 2026
$710,000
Initial Listing
Dec 20, 2023
$680,000
Public Record
Jul 22, 2015
$303,000
Public Record
Dec 19, 2002
$198,000
Public Record