920 E 48th Street, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$780,000
920 E 48th Street, Los Angeles, California 90011
0Bed
0Bath
2,072Sqft
7,505Lot
Year Built
1923
Close
-
List price
$780K
Original List price
$780K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW24175029
Home ConditionFair
Features
Good View: Neighborhood
ViewNeighborhood
About this home
Great Investment Opportunity! 4 UNITS located in the city of Los Angeles! Tenants currently pay all utilities and property is fully tenant occupied. Front house is 2 units consisting of 2 Bedroom 1 bath and 1 Bedroom 1 Bath... and back detached duplex is side by side 1 Bedroom 1 Bathroom each. One of the units was completely remodeled in February 2024. Approximately 5 minutes from Exposition Park and only a few blocks away from South Park Pool & Recreation Center and approximately 1 mile from 110 Fwy for your commuting convenience. Don't let this opportunity pass you up!
Price History
Date
Event
Price
07/21/17
Sold
$440,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (23 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,072 | 2,022 | 54% |
| Lot Size | 7,505 | 5,364 | 96% |
| Price | $780K | $710K | 67% |
| Price per square foot | $376 | $348.5 | 58% |
| Built year | 1923 | 9615962 | 54% |
| HOA | |||
| Days on market | 439 | 177 | 96% |
Condition Rating
Fair
The property was built in 1923. The listing mentions that one unit was remodeled in February 2024, but the images show a bathroom with outdated fixtures and tile. The kitchen is not shown. Given the age of the property and the visible condition of the bathroom, a 'fair' rating is appropriate. It likely requires some updates and repairs beyond the one remodeled unit.
Pros & Cons
Pros
Investment Opportunity: The property is a 4-unit quadruplex, presenting a strong investment opportunity in the Los Angeles market.
Tenant Occupied: The property is fully tenant occupied, providing immediate rental income for the investor.
Remodeled Unit: One of the units was recently remodeled in February 2024, potentially commanding higher rental rates.
Cons
Age of Property: Built in 1923, the property may require ongoing maintenance and potential upgrades due to its age.
Potential Renovation Needs: While one unit is remodeled, the other units may require updates to maximize rental income and property value.