139 West 48th Street

Los Angeles, CA 90037

$740,000
Last Sold Price
3
Beds
4
Baths
1,976 Sq. Ft.
$374 / Sq. Ft.
1,976
Sq. Ft.
$374
per Sq. Ft.

Description

Introducing a prime investment opportunity located just minutes away from USC and Downtown. This four-unit building consists of three 1-bedroom, 1-bathroom units and one studio, providing multiple rental options. Some units have received minor updates, with one unit boasting an updated kitchen, flooring, paint, and lighting.This property presents an incredible add-value opportunity with huge upside on rents. Additionally, the city may allow for the construction of two additional units, further increasing...Introducing a prime investment opportunity located just minutes away from USC and Downtown. This four-unit building consists of three 1-bedroom, 1-bathroom units and one studio, providing multiple rental options. Some units have received minor updates, with one unit boasting an updated kitchen, flooring, paint, and lighting.This property presents an incredible add-value opportunity with huge upside on rents. Additionally, the city may allow for the construction of two additional units, further increasing the property's value. Conveniently located near freeways, this property offers easy access to all the amenities and attractions that the city has to offer. This is an exceptional opportunity for seasoned investors looking to add to their portfolio or for first-time buyers who want to consider leaving in a unit. Don't miss out on the chance to capitalize on this prime investment property.

Listing Agent

  1. JP Peña

    JP Peña

    Listing Agent

    Compass

    DRE #01883397

    jp.pena@compass.com

    P: 323.632.9904

Property Details for 139 West 48th Street

Zoning
LAR2
Parcel Number
5110013009
Total Units
4.0
Living Area
1976
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
0
Lot Size Area
4744

Location

Listing Courtesy of Compass, JP Peña, DRE #01883397

Sold By KW Advisors, Mike Nader Antoun, DRE #02078333

Add your commute
LISTING UPDATED: 04/07/2023 01:49 PM

Property Details for 139 West 48th Street

StatusSold
MLS #23-246523
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1912
Lot Size0.11 AC / 4,744 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, JP Peña, DRE #01883397

Sold By KW Advisors, Mike Nader Antoun, DRE #02078333

Add your commute

Virtual Tour

Building Information for 139 West 48th Street

Stories-Residences-Year Built1912Building Size-Lot Size0.11 AC / 4,744 SF

Payment Calculator

$4,737 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,038

Property Taxes

$699

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 139 West 48th Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 4
Contract Info
Contract Info
  • Probate: No
  • Financing: VA, FHA, Cash To New Loan, Cash To Existing Loan, Cash
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $48,448.00
  • Gross Income: $53,448
  • Gross Rent Multiplier: $15.00
  • Total Annual Expense: 5000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1089
  • Lot Size Square Feet: 4744
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 5
  • Parking Features: None
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Built-Ins
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-03-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,019.00
  • Unit Actual Rent: $2,019.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,210.00
  • Unit Actual Rent: $1,210.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $625.00
  • Unit Actual Rent: $625.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $600.00
  • Unit Actual Rent: $600.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $193,800.00
  • Assessed Improvement Percent: 29.69
  • Assessed Land Value: $459,000.00
  • Assessed Land Percent: 70.31
  • Assessed Total Value: $652,800.00

Property History for 139 West 48th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 139 West 48th Street

Taxable ValueLand$468,180Additions$197,676Total$665,856
Tax Record2023$8,388 ($699 / month)
Home Facts
Total Finished SqFt1,976 SqFtAbove Grade Finished SqFt1,976 SqFtLot Size4,744 SqFtStyleQuadraplexYear Built1912ZoningLAR2CountyLOS ANGELESAPN5110-013-009

Schools near 139 West 48th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
West Vernon Avenue Elementary School
PublicK to 5

William Jefferson Clinton Middle School
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, JP Peña, DRE #01883397

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.