924 West 48th Street

Los Angeles, CA 90037

$975,000
Last Sold Price
9
Beds
7
Baths
5,015 Sq. Ft.
$194 / Sq. Ft.
5,015
Sq. Ft.
$194
per Sq. Ft.

Description

Great investment 4-unit property minutes to USC campus, museum, stadium, restaurants and shops. Front unit is a two story and consists of living room, kitchen, dining room, bathroom with shower, laundry room and a bedroom downstairs. Upstairs consists of master bedroom plus 2 additional bedrooms and a full bath. The remaining 3 units have 2 spacious bedrooms with 1 bath. Each unit has separate gas and electric meter. There is a laundry room on the property. Laminate flooring, partial copper plumbing,...Great investment 4-unit property minutes to USC campus, museum, stadium, restaurants and shops. Front unit is a two story and consists of living room, kitchen, dining room, bathroom with shower, laundry room and a bedroom downstairs. Upstairs consists of master bedroom plus 2 additional bedrooms and a full bath. The remaining 3 units have 2 spacious bedrooms with 1 bath. Each unit has separate gas and electric meter. There is a laundry room on the property. Laminate flooring, partial copper plumbing, updated electrical panel and carport parking. Property shows very well and sold "AS-IS." TAPED FLOOR PLAN is included in the photos and also attached here as documents. Property has been well maintained.
  1. Listed by Charles Picker • DRE #00414181 • Brokerage DRE #00414181 • I.X.A.

Property Details for 924 West 48th Street

Zoning
LARD2
Style
Bungalow
Parcel Number
5018012010
Total Units
4.0
Living Area
5015
Source Living Area
Assessor
Area
Los Angeles Southwest (C34)
Vacancy Rate
0

Location

Listing Courtesy of I.X.A., Charles Picker, DRE #00414181

Sold By WIN Realty & Properties, David Kim, DRE #01773309

Add your commute
LISTING UPDATED: 10/06/2022 04:42 PM

Property Details for 924 West 48th Street

StatusSold
MLS #22-193989
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.13 AC / 5,849 SF
CountyLos Angeles County

Location

Listing Courtesy of I.X.A., Charles Picker, DRE #00414181

Sold By WIN Realty & Properties, David Kim, DRE #01773309

Add your commute

Building Information for 924 West 48th Street

Stories-Residences-Year Built1964Building Size-Lot Size0.13 AC / 5,849 SF

Payment Calculator

$6,349 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,321

Property Taxes

$1,028

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 924 West 48th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Fourplex
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $54,732
  • Net Operating Income: $36,798.00
  • Gross Income: $54,732
  • Gross Rent Multiplier: $17.81
  • Owner Pays: Water, Gas, Electricity
  • Total Annual Expense: 17934
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1343
  • Lot Size Square Feet: 5849
Parking Details
Parking Details
  • Parking Garage: Carport Detached
  • Total Parking: 9
  • Parking Features: Detached Carport
  • Attached Garage: No
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Laminate, Tile
  • Equipment: Ceiling Fan, Range/Oven, Refrigerator
  • Interior Features: Ceiling Fan(s)
  • Laundry: Outside, Room
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-28-2022
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $1,529.00
  • Unit Actual Rent: $1,500.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $927.00
  • Unit Actual Rent: $927.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,003.00
  • Unit Actual Rent: $1,003.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,102.00
  • Unit Actual Rent: $1,102.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $315,353.00
  • Assessed Improvement Percent: 42.86
  • Assessed Land Value: $420,365.00
  • Assessed Land Percent: 57.14
  • Assessed Total Value: $735,718.00

Property History for 924 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 924 West 48th Street

Taxable ValueLand$550,000Additions$425,880Total$975,880
Tax Record2023$12,341 ($1,028 / month)
Home Facts
Total Finished SqFt5,015 SqFtAbove Grade Finished SqFt5,015 SqFtLot Size5,849 SqFtStyleQuadraplexYear Built1964ZoningLARD2CountyLOS ANGELESAPN5018-012-010

Schools near 924 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
Charter - K to 5
Rating
School
Distance
Fifty-Second Street Elementary School
PublicK to 5

John Muir Middle School
Public6 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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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 I.X.A., Charles Picker, DRE #00414181

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.