927 W 48th Street, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This triplex presents a High-Potential Investment Opportunity with a List Price of $838,000—positioned well above the $719,419 Fair Market Value by -16%. Featuring a Triplex configuration on a 6,765 sqft lot, this asset offers significant rental demand near USC and Downtown Los Angeles. Given its Condition Rating of 5, the property requires a full rehab to modernize aging infrastructure. This is a strategic acquisition for Buy-and-Hold Investors or experienced developers focused on long-term value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 927 W 48th Street Subject | $838,000* List Price | 0 | 0 | 1,912 | $376 | - |
A 1159 W 54th Street Sold | $670,000 | 0 | 0 | 2,144 | $313 | 0.5 mi |
B 1323 W 41st Sold | $699,998 | 0 | 0 | 1,807 | $387 | 0.8 mi |
C 725 727 W 50th Street Sold | $625,000 | 0 | 0 | 1,916 | $326 | 0.3 mi |
D 1361 W Vernon Avenue Sold | $690,000 | 0 | 0 | 1,892 | $365 | 0.6 mi |
E 1132 W 56th Sold | $644,000 | 0 | 0 | 1,758 | $366 | 0.7 mi |
F 860 W 54th Active | $599,000 List Price | 0 | 0 | 1,875 | $319 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1912, this property is over 110 years old and lacks any mention of recent renovations to kitchens, bathrooms, or critical systems like HVAC and electrical. Given the age and the typical requirements for century-old triplexes in this area, the property likely requires a full rehab to address dated interiors and potential structural or safety defects.
As a triplex featuring three 2-bedroom units, this property offers a versatile and high-demand configuration for generating significant rental income in the Los Angeles market.
The property's proximity to USC, Downtown Los Angeles, and major sports venues makes it an ideal investment for student housing or commuters seeking central access.
With a 6,765 square foot lot, the property provides ample space for the existing structures and potential for future value-add improvements or enhanced parking facilities.
Built in 1912, the property likely requires ongoing maintenance and potential costly upgrades to aging plumbing, electrical, and structural systems to meet modern standards.
The majority of local schools are rated poorly, which may deter long-term family tenants and could limit the property's appreciation compared to areas with higher-rated education options.
This is a Triplex on this lot. The front building has 2 units, and each unit has 2 bedrooms + 1 bathrooms. The back building has 2 bedrooms + 1 bathrooms. This property is closed to everything: USC, Sport Arena, Convention Center, Downtown Los Angeles. Restaurants, and Freeways.
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 |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,912 | 2,250 |
| Lot Size | 6,765 | 5,864 |
| Price | $838.0K | $826.7K |
| Price per sq ft | $438 | $395 |
| Built year | 1912 | 1925 |
| HOA | $0 | $0 |
| Days on market | 35 | 83 |
Jun 17, 2026
$838,000
Initial Listing
Dec 22, 2009
$170,000
Public Record
Nov 28, 2006
$600,000
Public Record