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1812 W 48th Street, Los Angeles, California 90062, Los Angeles, 90062 - 4 bed, 2 bath

1812 W 48th Street, Los Angeles, California 90062 home-pic-0
ACTIVE$825,000
1812 W 48th Street, Los Angeles, California 90062
4Beds
2Baths
2,215Sqft
7,512Lot
Year Built
2011
Close
-
List price
$825K
Original List price
$850K
Price/Sqft
$372
HOA
-
Days on market
-
Sold On
-
MLS number
24465063
Home ConditionFair
Features
Deck
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $825.0K(59th), sqft - 2215(84th), beds - 4(73th), baths - 2(50th).

AN INVESTOR MUST SEE! This 4 - bedroom two bath home is the ideal investment for a buyer looking for an excellent deal with unlimited upside potential as a rental or fix and flip. Two (2) bedrooms offer a bonus room that can be used as a study, sitting room, or extra closet space, and one bedroom offers outdoor balcony access. Paint, flooring, kitchen, landscaping, and you have a new house. There is great space for off-street parking and, yes, there is room for an additional SFR or an ADU. Located minutes away from Crenshaw shopping district, USC, Coliseum, Banc of California stadium, Exposition Park and museums. A rare opportunity in an area experiencing much renovation and new construction.

Price History

Date
Event
Price
09/30/25
Sold
$775,000
09/24/08
Sold
$350,000
Condition Rating
Fair
Despite being built in 2011, the listing explicitly states that the property requires immediate renovation, including updates to the paint, flooring, and kitchen. The property is described as an 'investor must see' and 'fix and flip' opportunity, indicating it is not move-in ready and needs substantial cosmetic and functional improvements, particularly in the kitchen and with flooring, to meet current standards.
Pros & Cons

Pros

ADU/Development Potential: The property offers significant value-add potential with ample space for an additional Single Family Residence (SFR) or an Accessory Dwelling Unit (ADU), capitalizing on current zoning incentives.
Strategic Location: Situated minutes from major attractions like USC, Coliseum, Banc of California Stadium, Exposition Park, and the Crenshaw shopping district, ensuring high demand and convenience.
Strong Investment Upside: Positioned in an area undergoing significant renovation and new construction, making it an ideal fix-and-flip or rental investment with substantial appreciation potential.
Flexible Interior Layout: Features bonus rooms in two bedrooms and balcony access from another, providing versatile spaces for various uses like studies, sitting areas, or expanded closets.
Ample Off-Street Parking: The presence of great space for off-street parking is a valuable amenity in Los Angeles, enhancing convenience and property appeal.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-09-30. The sold price is $775,000.00.
Immediate Renovation Required: The property explicitly needs updates to paint, flooring, kitchen, and landscaping, indicating a significant upfront investment for the buyer to modernize.
Not Turnkey/Move-In Ready: Requires substantial cosmetic and functional improvements before it can be considered move-in ready, adding to the buyer's immediate costs and project management.
Extended Market Time & Price Adjustment: The property has been on the market for several months with a recent price reduction, potentially indicating a challenge in attracting buyers at its initial price point or concerns about its current condition.

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