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1732 W 48th Street, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath

1732 W 48th Street, Los Angeles, California 90062 home-pic-0
ACTIVE$1,225,000
1732 W 48th Street, Los Angeles, California 90062
0Bed
0Bath
5,162Sqft
7,502Lot
Year Built
1924
Close
-
List price
$1.23M
Original List price
$1.25M
Price/Sqft
$237
HOA
-
Days on market
-
Sold On
-
MLS number
SB25130229
Home ConditionGood
Features
Good View:
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.23M(72th), sqft - 5162(94th), beds - undefined(50th), baths - undefined(50th).

1732 W 48th St is a well-maintained fourplex located in one of the quickly growing subpockets of Los Angeles. This 5,162 SF 4 Unit property is situated on an expansive 7,502 SF lot, offering tons of development potential and very strong immediate cash flow. This asset is ideal for any owner/user or investor looking for a positive cash flowing asset in a thriving neighborhood. Priced at 237/SF, this asset is one of the lowest $/SF properties in the area with 31% in Rental Upside. A majority of the units have been renovated and it is a very low maintenance building. All units have their own tankless water heaters, trash bins and have newer plumbing, electric and roofs. All (4) 2-Bed/1-Bath are massive and are an average of 1290 SF each. 1732 W 48th St is located just minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, BMO Stadium, LA Live and billions of dollars worth of development pouring into the neighborhood.

Price History

Date
Event
Price
10/18/25
Price Change
$1,225,000
06/10/25
Listing
$1,250,000
06/04/19
Sold
$600,000
Condition Rating
Good
The property, built in 1924, has undergone significant renovations as stated in the description ('majority of the units have been renovated,' 'newer plumbing, electric and roofs,' 'tankless water heaters'). The images confirm these updates, showcasing modern laminate flooring, freshly painted walls, contemporary light fixtures (recessed lighting, modern ceiling fans, Sputnik-style chandelier in the kitchen), and updated white shaker-style kitchen cabinets with stainless steel appliances. The bathroom features an updated vanity and faucet, though the shower/tub tile appears to be an older style but is clean and well-maintained. While not a brand-new build or a full top-to-bottom luxury renovation, the property is move-in ready with no immediate renovations required, and major systems have been recently updated, aligning well with a 'Good' condition score.
Pros & Cons

Pros

Strong Investment & Cash Flow Potential: The property offers very strong immediate cash flow and a significant 31% rental upside, making it highly attractive for investors and owner/users seeking positive returns.
Significant Development Potential: Situated on an expansive 7,502 SF lot, the property provides substantial future development opportunities in a rapidly growing area.
Extensive Recent Upgrades & Low Maintenance: With newer plumbing, electric, roofs, and individual tankless water heaters, the building is described as very low maintenance, reducing immediate operational costs.
Prime Location in Growing Urban Hub: Located in a quickly growing sub-pocket of Los Angeles, minutes from USC, Downtown LA, and major cultural/entertainment venues, benefiting from billions in neighborhood development.
Competitive Pricing & Large Unit Sizes: Priced at one of the lowest $/SF in the area ($237/SF) and featuring massive 2-bed/1-bath units averaging 1290 SF each, offering exceptional value and tenant appeal.

Cons

Age of Property: Built in 1924, the property's age, despite recent upgrades, may still present inherent challenges related to older infrastructure or require more extensive long-term maintenance.
Partial Unit Renovations: The description states 'majority of the units have been renovated,' indicating that not all units may be fully updated, potentially leading to inconsistent tenant appeal or future renovation expenses for unrenovated units.
Recent Price Reduction: The property has seen a recent price reduction from $1.25M to $1.225M, which could signal a need to attract more buyer interest or an adjustment to market conditions.

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