920 E 48th Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$685,000$2,072/sqft
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:
Multi-Unit Investment: This quadruplex offers a significant investment opportunity with four distinct units, providing diversified rental income streams.
Top Cons:
Property Age: Built in 1923, the property is over 100 years old, which may indicate potential for older infrastructure, deferred maintenance, and higher capital expenditure requirements for systems like plumbing, electrical, and roofing in the un-remodeled units.
Compared to the nearby listings
Price:$685.0K vs avg $685.0K (+$0)50%
Size:2,072 sqft vs avg 2,076 sqft48%
Price/sqft:$331 vs avg $33745%
More Insights
Built in 1923 (103 years old).
Condition: The property was built in 1923, making it over 100 years old. While the listing states 'one of the units was completely remodeled in February 2024,' the provided interior images (kitchen and bathroom) clearly depict very outdated conditions, suggesting they are from the un-remodeled units. The kitchen features old wood cabinets, basic countertops, and older appliances. The bathroom has a pedestal sink and basic, older-style tile, indicating a lack of significant renovation for many decades. Given the age of the property and the visible condition of the majority of the units, substantial repairs and rehabilitation are likely required for most of the property, despite one unit being recently updated.
Year Built
1923
Close
-
List price
$685K
Original List price
$685K
Price/Sqft
$331
HOA
-
Days on market
-
Sold On
-
MLS number
PW25036597
Home ConditionPoor
Features
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!
I
Itzel Anaya
Listing Agent
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
Poor
The property was built in 1923, making it over 100 years old. While the listing states 'one of the units was completely remodeled in February 2024,' the provided interior images (kitchen and bathroom) clearly depict very outdated conditions, suggesting they are from the un-remodeled units. The kitchen features old wood cabinets, basic countertops, and older appliances. The bathroom has a pedestal sink and basic, older-style tile, indicating a lack of significant renovation for many decades. Given the age of the property and the visible condition of the majority of the units, substantial repairs and rehabilitation are likely required for most of the property, despite one unit being recently updated.
Pros & Cons
Pros
Multi-Unit Investment: This quadruplex offers a significant investment opportunity with four distinct units, providing diversified rental income streams.
Fully Tenant Occupied: The property is fully tenant-occupied, ensuring immediate cash flow and eliminating initial vacancy risk for the new owner.
Tenant-Paid Utilities: Tenants are responsible for all utilities, which significantly reduces the landlord's operating expenses and increases net income.
Recent Unit Remodel: One of the units was completely remodeled in February 2024, enhancing its appeal, potentially commanding higher rent, and reducing immediate maintenance needs for that unit.
Strategic Location: The property boasts a convenient location, approximately 5 minutes from Exposition Park, blocks from South Park Pool & Recreation Center, and about 1 mile from the 110 Fwy, offering good access to amenities and transportation.
Cons
Property Age: Built in 1923, the property is over 100 years old, which may indicate potential for older infrastructure, deferred maintenance, and higher capital expenditure requirements for systems like plumbing, electrical, and roofing in the un-remodeled units.
Unknown Condition of Other Units: While one unit was recently remodeled, the condition of the other three units is not specified, potentially leading to unforeseen renovation costs or maintenance issues for the majority of the property.
Small Unit Mix: The property primarily consists of 1-bedroom units (three out of four), which might limit the tenant demographic and potential for higher rental income compared to properties with larger unit configurations.