1021 W 48th, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$849,000
1021 W 48th, Los Angeles, California 90037
0Bed
0Bath
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
RS25226616
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $849.0K(43th), sqft - 2096(43th), beds - undefined(50th), baths - undefined(50th).
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.
Nearby schools
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.0mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.3mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.4mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.4mi
5/10
Menlo Avenue Elementary School
Public,•K-5•0.6mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.8mi
2/10
Western Avenue Elementary School
Public,•K-5•1.0mi
2/10
Main Street Elementary School
Public,•K-5•1.2mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.2mi
3/10
Trinity Street Elementary School
Public,•K-5•1.5mi
/10
Maple Primary Center
Public,•K-1•1.6mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.7mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.7mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.0mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.5mi
2/10
John Muir Middle School
Public,•6-8•0.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.0mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.6mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.8mi
1/10
Horace Mann Junior High School
Public,•6-8•2.0mi
2/10
Audubon Middle School
Public,•6-8•2.2mi
3/10
Manual Arts Senior High School
Public,•9-12•0.6mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.0mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.1mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.5mi
5/10
Santee Education Complex
Public,•9-12•2.6mi
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 over 100 years old and shows significant signs of age and neglect. The MLS description explicitly states it 'needs cosmetic upgrades, a potential floor plan reconfiguration, and possibly a new roof.' The images confirm this, showcasing a severely outdated kitchen with old wooden cabinets, worn laminate countertops, and very dated tile backsplash and flooring. The bathroom is equally outdated with old tiles and basic, worn fixtures. Flooring throughout the house is a mix of worn hardwood, damaged wood, and old tiles. Light fixtures are basic and old. The overall condition indicates substantial deferred maintenance and a need for major repairs and rehabilitation, including potential system replacements, aligning with the 'poor' category criteria.
Pros & Cons
Pros
Investor Opportunity: The property is explicitly marketed as an 'investor opportunity' with 'value-add potential,' indicating significant upside for renovation and repositioning.
Prime Location: Conveniently located near USC, Exposition Park, and major freeways in an 'up-and-coming neighborhood,' enhancing its appeal for future appreciation and rental demand.
Duplex Zoning & Vacant Delivery: Legally a duplex and delivered vacant, offering flexibility for conversion back to a multi-unit income property or a large single-family residence without tenant relocation issues.
Generous Lot Size: Includes a 6,470 sq. ft. main lot plus an additional 1,000 sq. ft. parcel, totaling 7,470 sq. ft., which is substantial for urban Los Angeles and offers potential for expansion or outdoor amenities.
Spacious Interior: With 7 bedrooms and 2,096 sq. ft. of living space, the property offers a large footprint that can accommodate various configurations for a large family or multiple tenants.
Cons
Extensive Renovation Required: The property needs significant cosmetic upgrades, a potential floor plan reconfiguration, and possibly a new roof, implying substantial capital investment and project management.
Converted Layout Challenges: Originally a duplex converted to a single-family residence at an unknown time, the current floor plan (one bedroom upstairs, rest on main) may be inefficient or awkward and require professional redesign.
Age-Related Maintenance: Built in 1923, the Craftsman-style home is likely to have outdated systems (plumbing, electrical, HVAC) and structural components that may require costly repairs or replacements beyond cosmetic fixes.