178 E 49th Street, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$1,049,900
178 E 49th Street, Los Angeles, California 90011
0Bed
0Bath
2,438Sqft
6,751Lot
Year Built
1909
Close
-
List price
$1.05M
Original List price
$1.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SR25066244
Home ConditionGood
Features
Patio
ViewCity Lights
About this home
Back on the market at a NEW Price. 178 E 48th St is one of the strongest investment opportunities in the area. Located just minutes from USC, Exposition Park, and Downtown LA, this triplex is designed like five separate homes on one lot, offering maximum flexibility and income potential. With three gas and electric meters, LARD2 zoning, parking for up to seven cars, and plenty of outdoor space, it’s set up for success. The property will be delivered completely ready for new renters so you can step in and capture today’s market rents without the hassle of tenant negotiations. Nothing else in the neighborhood compares at this value. A true turnkey opportunity for investors or owner-users looking to build.
Nearby schools
2/10
Main Street Elementary School
Public,•K-5•0.3mi
5/10
Estrella Elementary School
Public,•K-5•0.5mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.6mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.7mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.9mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.9mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.9mi
2/10
Aurora Elementary School
Public,•K-5•0.9mi
2/10
Harmony Elementary School
Public,•K-5•1.0mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.0mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.1mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.7mi
3/10
George Washington Carver Middle School
Public,•6-8•0.7mi
2/10
John Muir Middle School
Public,•6-8•1.3mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.4mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.2mi
3/10
Manual Arts Senior High School
Public,•9-12•1.3mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.4mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.5mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.9mi
5/10
Santee Education Complex
Public,•9-12•2.2mi
Price History
Date
Event
Price
08/17/25
Price Change
$1,049,900
03/26/25
Listing
$1,199,000
08/06/02
Sold
$260,000
02/02/98
Sold
$259,636
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (24 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,438 | 1,988 | 76% |
| Lot Size | 6,751 | 5,364 | 88% |
| Price | $1.05M | $710K | 88% |
| Price per square foot | $431 | $349 | 76% |
| Built year | 1909 | 1922 | 32% |
| HOA | |||
| Days on market | 225 | 168 | 64% |
Condition Rating
Good
Despite being built in 1909, the property has undergone significant updates, particularly in the kitchens and flooring, making it move-in ready and a 'turnkey opportunity' as described. One kitchen features modern white shaker cabinets and quartz-like countertops, while the other has updated dark wood cabinets and stainless steel appliances. Flooring is a mix of wood laminate/engineered wood and tile, with no visible carpets. While central HVAC is not present (wall heaters and window ACs are visible), the property appears well-maintained and functional, requiring no immediate major renovations for occupancy, aligning with the 'Good' condition criteria.
Pros & Cons
Pros
Strong Investment Potential: This triplex is explicitly marketed as a strong investment opportunity, designed like five separate homes on one lot, offering maximum flexibility and income potential for investors or owner-users.
Prime Urban Location: Strategically located just minutes from USC, Exposition Park, and Downtown LA, ensuring high rental demand and potential for strong appreciation.
Turnkey Rental Readiness: The property will be delivered completely ready for new renters, allowing immediate income generation without the hassle of tenant negotiations.
Flexible Configuration & Utilities: Designed like five separate homes with LARD2 zoning and three separate gas and electric meters, providing significant flexibility for various rental strategies and simplified tenant billing.
Significant Price Reduction: Recently re-listed at a new, lower price ($1,049,900 from $1,199,000), presenting a more attractive entry point and potential value for buyers.
Cons
Age of Property: Built in 1909, the property's age may imply potential for deferred maintenance, outdated systems (plumbing, electrical), and higher ongoing repair costs.
Ambiguous Unit Configuration: Described as a 'triplex designed like five separate homes,' which could raise questions regarding legal unit count, permitting, and potential challenges with financing or future compliance.
Lack of Detailed Condition/Upgrades: While 'ready for new renters,' the description lacks specifics on recent interior renovations or system updates, suggesting potential for significant capital expenditure to modernize or address wear and tear.