1021 W 48th, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$699,000
1021 W 48th, Los Angeles, California 90037
0Bed
0Bath
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
RS25259301
Home ConditionPoor
Features
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $699.0K(22th), 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
11/13/25
Listing
$699,000
Condition Rating
Poor
This 1923-built Craftsman is a significant renovation project. The MLS description explicitly states it 'needs cosmetic upgrades, a potential floor plan reconfiguration, and possibly a new roof.' The images confirm a state of extensive disrepair and extreme outdatedness. Both kitchens and bathrooms are very old, featuring original or very dated tiles, cabinets, and fixtures that require complete replacement. Flooring is worn throughout, paint is peeling, and major systems (electrical, plumbing, HVAC) are almost certainly at the end of their lifespan, necessitating substantial repairs and rehabilitation to meet modern standards and safety.
Pros & Cons
Pros
Exceptional Value-Add Potential: Clearly positioned as an 'investor opportunity' with significant potential for appreciation through renovations and strategic reconfigurations.
Strategic Location: Situated in an 'up-and-coming neighborhood' with convenient access to USC, Exposition Park, and major freeways, enhancing its appeal to various buyer pools.
Generous Lot Size with Additional Parcel: The combined 7,470 sq. ft. lot, including an extra parcel, offers ample space for expansion, landscaping, or potential auxiliary dwelling unit (ADU) development.
Flexible Legal Duplex Status: Legally recognized as a duplex, providing future owners with the option to restore its multi-unit functionality for increased rental income or multi-generational living.
Vacant Possession: Delivered vacant, allowing for immediate commencement of renovation work or occupancy without the complexities of tenant relocation.
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 Requirements: The property demands significant investment, including cosmetic upgrades, potential floor plan reconfiguration, and likely a new roof, indicating substantial capital expenditure.
Age-Related System Concerns: Built in 1923, the home is likely to have outdated plumbing, electrical, and potentially HVAC systems, necessitating costly upgrades to meet modern standards and safety codes.
Uncertainty of Duplex Conversion History: The conversion from a legal duplex to a single-family residence at an 'unknown time' could imply unpermitted modifications or challenges in reverting to its original multi-unit configuration, adding risk and potential legal/permitting hurdles.