920 E 48th Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$780,000
920 E 48th Street, Los Angeles, California 90011
0Bed
0Bath
2,072Sqft
7,505Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Opportunity: The property is a 4-unit quadruplex, offering a strong potential for rental income in a desirable Los Angeles location.
Top Cons:
Age of Property: Built in 1923, the property may require ongoing maintenance and potential upgrades due to its age.
Compared to the nearby listings
Price:$780.0K vs avg $672.0K (+$108,000)73%
Size:2,072 sqft vs avg 2,042 sqft54%
Price/sqft:$376 vs avg $34562%
More Insights
Built in 1923 (102 years old).
Condition: The property was built in 1923, but one unit was remodeled in February 2024. The images show varying levels of updating, with some areas appearing older and others more modern. Given the age of the property and the partial remodel, a 'Fair' condition score is appropriate. It needs minor updates or repairs.
Year Built
1923
Close
-
List price
$780K
Original List price
$780K
Price/Sqft
$376
HOA
-
Days on market
-
Sold On
-
MLS number
PW24175029
Home ConditionFair
Features
Good View: Neighborhood
ViewNeighborhood
About this home
Great Investment Opportunity! 4 UNITS located in the city of Los Angeles! Tenants currently pay all utilities and property is fully tenant occupied. Front house is 2 units consisting of 2 Bedroom 1 bath and 1 Bedroom 1 Bath... and back detached duplex is side by side 1 Bedroom 1 Bathroom each. One of the units was completely remodeled in February 2024. Approximately 5 minutes from Exposition Park and only a few blocks away from South Park Pool & Recreation Center and approximately 1 mile from 110 Fwy for your commuting convenience. Don't let this opportunity pass you up!
Nearby schools
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.2mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.2mi
2/10
Aurora Elementary School
Public,•K-5•0.4mi
2/10
Harmony Elementary School
Public,•K-5•0.5mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.9mi
2/10
Main Street Elementary School
Public,•K-5•0.9mi
5/10
Estrella Elementary School
Public,•K-5•1.0mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.2mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.6mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.7mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.9mi
3/10
George Washington Carver Middle School
Public,•6-8•0.2mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.6mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.6mi
2/10
John Muir Middle School
Public,•6-8•2.1mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.8mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.8mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.9mi
3/10
Manual Arts Senior High School
Public,•9-12•1.9mi
5/10
Santee Education Complex
Public,•9-12•2.0mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.1mi
Price History
Date
Event
Price
07/21/17
Sold
$440,000
Condition Rating
Fair
The property was built in 1923, but one unit was remodeled in February 2024. The images show varying levels of updating, with some areas appearing older and others more modern. Given the age of the property and the partial remodel, a 'Fair' condition score is appropriate. It needs minor updates or repairs.
Pros & Cons
Pros
Investment Opportunity: The property is a 4-unit quadruplex, offering a strong potential for rental income in a desirable Los Angeles location.
Tenant Occupied: The property is fully tenant occupied, providing immediate cash flow for the investor.
Recent Remodel: One of the units was recently remodeled in February 2024, potentially commanding higher rent and reducing initial renovation costs.
Cons
Age of Property: Built in 1923, the property may require ongoing maintenance and potential upgrades due to its age.
Limited Information: The description lacks details about the condition of the other three units, potentially requiring further investigation and possible renovation expenses.