920 E 48th, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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Los Angeles, California 90011
This Quadruplex Asset represents a High-Potential Investment Opportunity with a List Price of $610,000—positioned well below the $626,838 Fair Market Value by 2%. This valuation gap provides $16,838 in Instant Equity for buyers. While the property holds a Condition Rating of 5 due to vintage infrastructure and deferred maintenance, the expansive 7,505 sqft lot and four-unit configuration offer significant rental upside and ADU development potential. Located near Downtown Los Angeles, this value-add project is ideal for Buy-and-Hold Investors or Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 920 E 48th Subject | $549,900* List Price | 0 | 0 | 2,072 | $229 | - |
A 1134 E 45th Street Sold | $575,000 | 4 | 4 | 2,037 | $282 | 0.3 mi |
B 1241 E 43rd Sold | $555,000 | 0 | 0 | 2,362 | $235 | 0.6 mi |
C 1138 E 45th Street Sold | $575,000 | 5 | 4 | 2,460 | $234 | 0.3 mi |
D 146 E 45th Street Sold | $520,000 | 0 | 0 | 2,724 | $191 | 0.8 mi |
E 146 E 45th Street Sold | $520,000 | 4 | 3 | 2,724 | $191 | 0.8 mi |
F 750 E 48th Active | $699,999 List Price | 0 | 0 | 2,096 | $334 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Originally built in 1923, this quadruplex shows significant signs of deferred maintenance and aging infrastructure. While the listing mentions one unit was remodeled in 2024, the images of the remaining areas reveal highly outdated kitchens with worn cabinetry, bathrooms with peeling paint and damaged door frames, and an unkempt exterior with cluttered yard space. The property likely requires substantial capital expenditures to modernize its vintage electrical, plumbing, and structural systems.
As a quadruplex featuring a mix of 2-bedroom and 1-bedroom units, this property offers multiple revenue streams and is an ideal opportunity for investors looking for consistent rental income.
The generous 7,505 sqft lot is significantly larger than many in the area, providing ample space for the long driveway and potential for future value-add projects or ADU development.
The property is ideally situated near Downtown Los Angeles with easy access to major freeways and public transportation, ensuring high tenant demand and low vacancy rates.
Originally built in 1923, the property may require substantial capital expenditures for modernizing aging systems such as plumbing, electrical, and roofing beyond the single remodeled unit.
Most assigned public schools in the immediate vicinity carry low ratings (2/10 to 3/10), which may deter long-term family tenants and impact the property's overall appreciation potential.
PRICED TO SELL!!!...THREE UNITS...EASY TO SHOW.GREAT INVESTMENT OPPORTUNITY,GOOD INCOME,HUGE LOT 50X 150 - SQFT 7,505 PER ASSESSORS) 2 WATER METERS.FRONT UNIT (4 BEDS+ 2 BATHS)REAR UNITS (1 BED+1 BATH EACH) ONE OF THE UNITS WAS REMODELED IN 2024,LONG-WIDE DRIVEWAY,PLENTY OF PARKING SPACE.CLOSE TO LOS ANGELES DOWTOWN,FREEWAYS,TRANSPORTATION AND MUCH MORE!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 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 | 2,072 | 2,177 | 47% |
| Lot Size | 7,505 | 5,307 | 97% |
| Price | $549.9K | $765.0K | 13% |
| Price per sq ft | $265 | $347 | 22% |
| Built year | 1923 | 1922 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 86 | 207 | 9% |
May 7, 2026
$549,900
$609,900
-10% Price Drop
Initial Listing
Apr 5, 2026
$609,900
$610,000
+0% Price Increase
Initial Listing
Mar 29, 2026
$610,000
$649,900
-6% Price Drop
Initial Listing
Mar 12, 2026
$649,900
Initial Listing
Jul 21, 2017
$440,000
Public Record