927 W 48th Street, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This Value-Add Triplex Asset is listed at $799,000, offering a strategic income opportunity in a high-demand corridor near USC and the Los Angeles Coliseum. While the listing is positioned above the $720,926 Fair Market Value, the property’s Triplex configuration and 6,765 sq. ft. lot provide a solid foundation for long-term rental growth and ROI. Carrying a Poor Condition Rating, the "as-is" sale invites significant forced appreciation through rehabilitation. Located near Menlo Avenue Elementary, this asset is perfectly suited for Buy-and-Hold Investors or Fix-and-Flip Investors looking to secure a multi-unit property with ample 6-car parking.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 927 W 48th Street Subject | $799,000* List Price | 0 | 0 | 1,908 | $378 | - |
A 725 727 W 50th Street Sold | $625,000 | 0 | 0 | 1,916 | $326 | 0.3 mi |
B 1221 Browning Boulevard Sold | $855,000 | 0 | 0 | 1,806 | $473 | 1.0 mi |
C 621 W 54th Street Sold | $722,000 | 0 | 0 | 1,790 | $403 | 0.5 mi |
D 916 W 53rd St Street Sold | $805,000 | 0 | 0 | 2,012 | $400 | 0.4 mi |
E 1021 W 48th Pending | $699,000 List Price | 5 | 4 | 2,096 | $333 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This property, built in 1912 and sold 'as-is,' shows significant age and deferred maintenance. The kitchen features dated dark wood cabinets, worn granite-look countertops, basic appliances (some appearing older), and an outdated flush-mount light fixture. Flooring throughout the visible areas (kitchen, bedrooms) appears to be worn hardwood or laminate. No bathroom images are provided, but given the overall condition, they are likely in similar or worse shape. The exterior shows cracked concrete and general disarray. While currently occupied, the property requires substantial repairs and rehabilitation to meet modern living standards, aligning with the 'poor' condition criteria.
This triplex offers three occupied units, providing immediate and consistent rental income, making it an attractive investment opportunity.
The property allows for an owner-occupant to live in one unit while renting out the others, appealing to both investors and those seeking a house-hacking strategy.
Situated in an excellent location close to schools, shopping, transportation, freeways, USC, and minutes from the Los Angeles Coliseum and Downtown LA, enhancing its desirability and potential for appreciation.
All units are under rent control, which may limit the potential for significant rent increases and could complicate tenant management or future profitability.
The property is sold 'as-is,' indicating that the buyer should anticipate potential costs for necessary repairs, renovations, or deferred maintenance.
Built in 1912, the property likely has aging infrastructure (e.g., plumbing, electrical, roof) that may require substantial upgrades or ongoing maintenance, adding to long-term ownership expenses.
Great investment property multi-family triplex good income w/3 units, 2 front units #927 & 929 each have 2 bedrooms and 2 bathroom, you can live one and rent others. Back house #927 1/2 has 2 bedrooms and 1 bathroom property sold as is condition. All three units are occupied by tenants and under rent control. The property has large lot size with plenty of parking spaces up to 6 cars. Excellent location close to schools, shopping transportation, freeways, USC, minutes away from Los Angeles Coliseum and Downtown LA. Don't miss your opportunity!
No exterior & parking available.
Grades K-2 • 0.1 mi
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 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 | 1,908 | 2,000 | 42% |
| Lot Size | 6,765 | 5,461 | 84% |
| Price | $799.0K | $855.0K | 37% |
| Price per sq ft | $419 | $392 | 63% |
| Built year | 1912 | 1923 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 135 | 242 | 26% |
Dec 8, 2025
$799,000
Initial Listing
Dec 22, 2009
$170,000
Public Record
Nov 28, 2006
$600,000
Public Record