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1021 1021 W 48th, Los Angeles, California 90037, Los Angeles, 90037 - 7 bed, 4 bath

1021 1021 W 48th, Los Angeles, California 90037 home-pic-0
ACTIVE$849,000
1021 1021 W 48th, Los Angeles, California 90037
7Beds
4Baths
2,096Sqft
7,470Lot
Year Built
1923
Close
-
List price
$849K
Original List price
$749K
Price/Sqft
$405
HOA
-
Days on market
-
Sold On
-
MLS number
RS25226282
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,5 Pros. Rank: price - $849.0K(85th), sqft - 2096(85th), beds - 7(94th), baths - 4(94th).

Investor opportunity in the heart of Vermont Square! This Craftsman-style home offers 7 bedrooms and 2 bathrooms across 2,096 sq. ft. of living space, situated on a 6,470 sq. ft. lot. The property is legally a duplex that was converted into a single-family residence at an unknown time, creating a spacious floor plan with one bedroom upstairs and the rest on the main level. The home includes a driveway and garage, plus an additional parcel directly behind the property (APN: 5017-029-043, 1,000 sq. ft.) which is included in the sale. The property needs cosmetic upgrades, a potential floor plan reconfiguration, and possibly a new roof, making it an ideal project for investors seeking value-add potential. Zoned LAR1 and delivered vacant, this home is ready for its next chapter. Conveniently located near USC, Exposition Park, and major freeways, this is a prime opportunity in an up-and-coming neighborhood.

Price History

Date
Event
Price
11/01/25
Price Change
$849,000+13.4%
09/26/25
Listing
$749,000
Condition Rating
Poor
Built in 1923, this property is explicitly described as an 'investor opportunity' needing 'cosmetic upgrades, a potential floor plan reconfiguration, and possibly a new roof.' The images confirm this, showing a severely outdated kitchen with original-era or very old cabinets, worn countertops, and dated tile backsplash and flooring. Bathrooms are similarly outdated with old tiles, fixtures, and sinks. Throughout the home, there is significant wear and tear, including peeling paint, damaged walls, worn hardwood and parquet flooring, and outdated light fixtures. Major systems (like the roof) are noted as potentially needing replacement. The property requires substantial repairs and rehabilitation to be brought to modern living standards, fitting the 'poor' condition criteria.
Pros & Cons

Pros

High Investment & Value-Add Potential: Explicitly marketed as an investor opportunity, delivered vacant, and ideal for value-add projects in an up-and-coming neighborhood.
Strategic Location: Conveniently situated near USC, Exposition Park, and major freeways, offering excellent accessibility and desirability.
Generous Space & Additional Parcel: Features 7 bedrooms across 2,096 sq ft of living space on a substantial 7,470 sq ft lot, including an extra 1,000 sq ft parcel.
Development & Income Potential: Legally a duplex with LAR1 zoning, presenting opportunities for multi-unit conversion or ADU development.
Classic Architectural Style & Parking: A charming Craftsman-style home that includes a valuable driveway and garage for off-street parking.

Cons

Extensive Renovation Needs: Requires significant capital investment for cosmetic upgrades, potential floor plan reconfiguration, and a new roof.
Inadequate Bathroom-to-Bedroom Ratio: With 7 bedrooms and only 2 bathrooms, the property has a low ratio that may not meet modern living standards or multi-occupancy needs.
Absence of Scenic Views: The property lacks any notable views, which could be a drawback for some buyers in the Los Angeles market.

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