1021 W 48th, Los Angeles, California 90037, Los Angeles, 90037 - 5 bed, 4 bath
PENDING$699,000
1021 W 48th, Los Angeles, California 90037
5Beds
4Baths
2,096Sqft
7,470Lot
Year Built
1923
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$333
HOA
-
Days on market
-
Sold On
-
MLS number
RS25258962
Home ConditionPoor
Features
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $699.0K(22th), sqft - 2096(43th), beds - 5(78th), baths - 4(83th).
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
11/13/25
Listing
$699,000
Condition Rating
Poor
Built in 1923, this property is over 100 years old and shows significant signs of age and deferred maintenance. The MLS description explicitly states it 'needs cosmetic upgrades, a potential floor plan reconfiguration, and possibly a new roof,' indicating substantial repairs are required. The images confirm this, showing extremely outdated and worn kitchens and bathrooms with old fixtures, tiling, and cabinetry that require complete renovation. Flooring throughout is worn and damaged, walls show peeling paint and grime, and light fixtures are outdated. The property's age also suggests likely obsolescence of major systems (electrical, plumbing, HVAC). While not explicitly stated as unlivable, the extent of necessary work aligns with the 'poor' condition criteria, requiring substantial rehabilitation to meet modern living standards.
Pros & Cons
Pros
Investor-Ready with Value-Add Potential: Explicitly positioned as an 'Investor opportunity' with 'value-add potential' due to necessary upgrades and reconfiguration, appealing to developers and flippers.
Legal Duplex Status & Income Potential: The property is legally a duplex, offering flexibility for conversion back to a multi-unit dwelling or potential for ADU development, significantly increasing rental income possibilities.
Additional Parcel Included: The sale includes an extra 1,000 sq. ft. parcel, expanding the total lot size to 7,470 sq. ft. and providing additional space for expansion, landscaping, or future development.
Prime Location: Strategically located in Vermont Square, offering 'convenient access near USC, Exposition Park, and major freeways,' which ensures strong rental demand and potential for property appreciation in an 'up-and-coming neighborhood.'
Vacant Delivery: The property is 'delivered vacant,' which is a significant advantage for investors, allowing for immediate commencement of renovations or tenant placement without the complexities of existing leases or eviction processes.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7470, other record lot size in square feet = 1000.
Extensive Renovation Required: The property 'needs cosmetic upgrades, a potential floor plan reconfiguration, and possibly a new roof,' indicating a substantial capital investment and extensive project management will be necessary.
Low Bathroom-to-Bedroom Ratio: With 7 bedrooms and only 2 bathrooms, the property presents a highly unfavorable bathroom-to-bedroom ratio, which will likely require significant plumbing work and the addition of more bathrooms to meet modern living standards or multi-tenant needs.
Age-Related System Obsolescence: Built in 1923, the home is likely to have original or outdated electrical, plumbing, and HVAC systems, which are not explicitly mentioned but are common in properties of this age and will likely require costly upgrades or full replacement.