1952 West 48th Street

Los Angeles, CA 90062

$2,075,000
Last Sold Price
10
Beds
10
Baths
6,632 Sq. Ft.
$313 / Sq. Ft.
6,632
Sq. Ft.
$313
per Sq. Ft.

Description

STUNNING FOUR-PLEX IN "OPPORTUNITY ZONE" FULLY REMODELED AND DELIVERED VACANT; making $17,000 in gross mo. short term income; gorgeous complex w/4 garage; easily investment or owner-occupying property. 1952 W 48THStreet is a 3 story building consisting of two 2 bed/2 bath units & two 3 bed/3 bath units. First floor living: Unit # 1 and #2 are 2 Bedrooms & 2 Bathrooms plus Living Room & Kitchen in 1,110 SF each. Second floor living: Unit #3 and #4 are 3 bedrooms & 3 Bathrooms ,Living Room & Kitchen...STUNNING FOUR-PLEX IN "OPPORTUNITY ZONE" FULLY REMODELED AND DELIVERED VACANT; making $17,000 in gross mo. short term income; gorgeous complex w/4 garage; easily investment or owner-occupying property. 1952 W 48THStreet is a 3 story building consisting of two 2 bed/2 bath units & two 3 bed/3 bath units. First floor living: Unit # 1 and #2 are 2 Bedrooms & 2 Bathrooms plus Living Room & Kitchen in 1,110 SF each. Second floor living: Unit #3 and #4 are 3 bedrooms & 3 Bathrooms ,Living Room & Kitchen 2 story units with finished attic in 1,886 Square feet of living space w/views of the surrounding community; Open floor plan with lots of natural light, hardwood floors, contemporary solid surfaces in kitchens and baths, exterior decks and more. Separately metered gas and electricity, newer roof, painted and ready for move-in. Updated plumbing, electrical, new electrical panels, windows, flooring, paint, and heating and cooling and laundry in each unit and more. Units are TOWNHOME-style w/2 interior floors. Basic floorplan for 3 bedroom residences: main floor primary bedroom w/ensuite bath, lower level 2nd bedroom & bath, kitchen w/ample counterspace & newer appliances, dining room & bonus room; 2nd level has an open loft w/an enclosed 3rd bedroom, a living room/entertainment area, an additional seating area plus office space. Artfully design using 100 year old wood accent walls & kitchen bar tops made of recycled materials during renovation. Keyless entry system; 14 camera system with a DVR system for recording. The subject was built in 1916, garages added in 1929 and recently extensively remodeled and updated within the past 7 years to include new plumbing,electrical, windows, interior & exterior doors, kitchens, bathrooms, interior walls, HVAC, roof, interior & exterior painting, all required retrofitting & foundation stabilization, the attics on 2 units have been fully finished to code, thus increasing the size of the builidng & the size of the units. Assessor's information has been updated to reflect the full building square footage with 10 bedrooms and 10 bathrooms. The property will be delivered fully vacant and can be delivered fully furnished for a true turn-key investment. Rents are based on approximately short term rental monthly rates. Community amenities include: metro line, new soccer & football stadiums, easy access to public transportation and approximately a 10 min drive to the nearby train stations where there is a free park and ride facilitating visting many Los Angeles hot spots like Hollywood, Universal Studios, Downtown LA and Santa Monica Pier. This property is perfect for an owner-user or investor looking to capitalize on the rental market in Los Angeles.
  1. Listed by Teresa Mack • DRE #01766118 • Brokerage DRE #01706157 • Pacific Playa Realty
  2. Listed by OUT OF AREA • DRE #00000000 • OUT OF AREA

Property Details for 1952 West 48th Street

Zoning
LAC2
Style
Tudor
Cross Streets
48th Street and Wilton Place
Parcel Number
5015018013
Total Units
4.0
Living Area
6632
Source Living Area
Assessor
Area
Park Hills Heights (PHHT)

Location

Listing Courtesy of Pacific Playa Realty, Teresa Mack, DRE #01766118; OUT OF AREA, OUT OF AREA, DRE #00000000

Sold By Compass, Erica Carter Walden, DRE #02045143

Add your commute
LISTING UPDATED: 11/12/2023 05:59 PM

Property Details for 1952 West 48th Street

StatusSold
MLS #23-301066
Days on Market52
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1916
Lot Size0.15 AC / 6,501 SF
CountyLos Angeles County

Location

Listing Courtesy of Pacific Playa Realty, Teresa Mack, DRE #01766118; OUT OF AREA, OUT OF AREA, DRE #00000000

Sold By Compass, Erica Carter Walden, DRE #02045143

Add your commute

Building Information for 1952 West 48th Street

Stories-Residences-Year Built1916Building Size-Lot Size0.15 AC / 6,501 SF

Payment Calculator

$12,253 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,324

Property Taxes

$929

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1952 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: 1
  • Type Of Units: Residences
  • View: No
  • View Description: None
  • View: None
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector, Owned, T.V., Automatic Gate, Exterior Security Lights
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
  • Water Heater Features: Tankless
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: Rent Control, Listing Broker Advantage
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $244,800
  • Net Operating Income: $189,100.00
  • Gross Income: $204,000
  • Gross Rent Multiplier: $11.80
  • Financial Info as Of: 08/01/2023
  • Vacancy Allow Dollar: $7,400.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Other
  • Total Annual Expense: 7500
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1492
  • Lot Size Square Feet: 6501
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
  • Total Parking: 4
  • Garage Spaces Total: 4
  • Attached Garage: Yes
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Living Room, Dining Room
  • Levels: Multi/Split
  • Den: No
  • Family Room: 0
  • Dining Room: 1
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Wood, Tile
  • Equipment: Alarm System, Built-Ins, Range/Oven
  • Interior Features: Cathedral-Vaulted Ceilings
  • Room Kitchen Features: Remodeled Kitchen
  • Kitchen Features: Remodeled
  • Room Bathroom Features: Remodeled
  • Bathroom Features: Remodeled
  • Cooking Appliances: Range, Range Hood, Oven
  • Laundry: Garage, In Unit, Inside
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Shingle
  • Sprinklers: Front, Rear
  • Patio Features: Deck(s)
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-18-2023
  • Listing Terms: Cash To New Loan
  • Tenant Pays: Electricity, Cable TV, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $42,000.00
  • Unit Projected Rent: $42,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $42,000.00
  • Unit Projected Rent: $42,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: Yes
  • Unit Rent: $5,000.00
  • Unit Actual Rent: $60,000.00
  • Unit Projected Rent: $60,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: Yes
  • Unit Rent: $5,000.00
  • Unit Actual Rent: $60,000.00
  • Unit Projected Rent: $60,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $349,966.00
  • Assessed Improvement Percent: 44.44
  • Assessed Land Value: $437,457.00
  • Assessed Land Percent: 55.56
  • Assessed Total Value: $787,423.00

Property History for 1952 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 1952 West 48th Street

Taxable ValueLand$446,206Additions$414,005Total$860,211
Tax Record2023$11,150 ($929 / month)
Home Facts
Total Finished SqFt6,632 SqFtAbove Grade Finished SqFt6,632 SqFtLot Size6,501 SqFtStyleQuadraplexYear Built1916ZoningLAC2CountyLOS ANGELESAPN5015-018-013

Schools near 1952 West 48th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Public - 6 to 9
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Barack Obama Global Preparation Academy
Public6 to 9

California Collegiate Charter School
Charter6 to 8

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

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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 Pacific Playa Realty, Teresa Mack, DRE #01766118; OUT OF AREA, OUT OF AREA, DRE #00000000

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.