927 W 48th Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$799,000
927 W 48th Street, Los Angeles, California 90037
0Bed
0Bath
1,908Sqft
6,765Lot
Year Built
1912
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$419
HOA
-
Days on market
-
Sold On
-
MLS number
WS25272861
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $799.0K(30th), sqft - 1908(30th), beds - undefined(50th), baths - undefined(50th).
Great investment property multi-family triplex good income w/3 units, 2 front units #927 & 929 each have 2 bedrooms and 2 bathroom, you can live one and rent others. Back house #927 1/2 has 2 bedrooms and 1 bathroom property sold as is condition. All three units are occupied by tenants and under rent control. The property has large lot size with plenty of parking spaces up to 6 cars. Excellent location close to schools, shopping transportation, freeways, USC, minutes away from Los Angeles Coliseum and Downtown LA. Don't miss your opportunity!
Nearby schools
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.1mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.2mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.3mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.5mi
5/10
Menlo Avenue Elementary School
Public,•K-5•0.6mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.6mi
2/10
Main Street Elementary School
Public,•K-5•1.0mi
2/10
Western Avenue Elementary School
Public,•K-5•1.1mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.3mi
3/10
Trinity Street Elementary School
Public,•K-5•1.4mi
/10
Maple Primary Center
Public,•K-1•1.5mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.8mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.9mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.1mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.6mi
2/10
John Muir Middle School
Public,•6-8•0.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.1mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.5mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.6mi
1/10
Horace Mann Junior High School
Public,•6-8•2.0mi
2/10
Audubon Middle School
Public,•6-8•2.4mi
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•2.3mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.3mi
5/10
Santee Education Complex
Public,•9-12•2.6mi
Price History
Date
Event
Price
12/08/25
Listing
$799,000
12/22/09
Sold
$170,000
11/28/06
Sold
$600,000
Condition Rating
Poor
This property, built in 1912 and sold 'as-is,' shows significant age and deferred maintenance. The kitchen features dated dark wood cabinets, worn granite-look countertops, basic appliances (some appearing older), and an outdated flush-mount light fixture. Flooring throughout the visible areas (kitchen, bedrooms) appears to be worn hardwood or laminate. No bathroom images are provided, but given the overall condition, they are likely in similar or worse shape. The exterior shows cracked concrete and general disarray. While currently occupied, the property requires substantial repairs and rehabilitation to meet modern living standards, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Multi-Unit Income Property: This triplex offers three occupied units, providing immediate and consistent rental income, making it an attractive investment opportunity.
Flexible Occupancy Options: The property allows for an owner-occupant to live in one unit while renting out the others, appealing to both investors and those seeking a house-hacking strategy.
Prime Urban Location: Situated in an excellent location close to schools, shopping, transportation, freeways, USC, and minutes from the Los Angeles Coliseum and Downtown LA, enhancing its desirability and potential for appreciation.
Ample Parking: The large lot size provides plenty of parking spaces, accommodating up to 6 cars, which is a significant advantage in a dense urban area like Los Angeles.
Established Rental Income: All three units are currently occupied by tenants, ensuring immediate cash flow and reducing vacancy risk for the new owner.
Cons
Rent Control Restrictions: All units are under rent control, which may limit the potential for significant rent increases and could complicate tenant management or future profitability.
As-Is Sale Condition: The property is sold 'as-is,' indicating that the buyer should anticipate potential costs for necessary repairs, renovations, or deferred maintenance.
Historic Property Age: Built in 1912, the property likely has aging infrastructure (e.g., plumbing, electrical, roof) that may require substantial upgrades or ongoing maintenance, adding to long-term ownership expenses.