940 West 48th Street, Unit 14

Los Angeles, CA 90037

$995,000
Last Sold Price
10
Beds
5
Baths
3,658 Sq. Ft.
$272 / Sq. Ft.
3,658
Sq. Ft.
$272
per Sq. Ft.

Description

Premium Opportunity for Investors and Savvy Home Buyers! Sensationally situated only moments from I-110, this four-unit residential building provides an exceptional investment opportunity while offering a unique chance to create an excellent addition to your real estate portfolio. As a fantastic upside, the property welcomes residents with mature tropical landscaping, a classic stucco exterior, a long paved driveway, and a gated entry. Cumulatively totaling approximately 3,658 square feet, it features...Premium Opportunity for Investors and Savvy Home Buyers! Sensationally situated only moments from I-110, this four-unit residential building provides an exceptional investment opportunity while offering a unique chance to create an excellent addition to your real estate portfolio. As a fantastic upside, the property welcomes residents with mature tropical landscaping, a classic stucco exterior, a long paved driveway, and a gated entry. Cumulatively totaling approximately 3,658 square feet, it features four units, which consist of (1) 4-bedroom, 3-bath unit and (1) 3-bedroom, 1-bath unit, (1) 2-bedroom, 1-bathroom unit, and (1) 1-bedroom, 1-bathroom unit. With its proximity to all major attractions and local Los Angeles landmarks, residents can easily venture to Downtown LA or USC to enjoy shopping, restaurants, and all the amenities the city offers. Call now to schedule your private showing!
  1. Listed by Andrew Watkins • DRE #01478668 • Brokerage DRE #01364089 • Keller Williams Hollywood Hills
  2. Listed by James Scott Suarez • DRE #01433992 • Brokerage DRE #01364089 • Keller Williams Hollywood Hills

Property Details for 940 West 48th Street, Unit 14

Zoning
LARD2
Style
Traditional
Parcel Number
5018012014
Total Units
4.0
Living Area
3658
Source Living Area
Vendor Enhanced
Area
Los Angeles Southwest (C34)
Vacancy Rate
0

Location

Listing Courtesy of Keller Williams Hollywood Hills, Andrew Watkins, DRE #01478668; Keller Williams Hollywood Hills, James Scott Suarez, DRE #01433992

Sold By Berkshire Hathaway Hm Ser, Jose Salinas, DRE #01773325

Add your commute
LISTING UPDATED: 05/11/2023 11:02 AM

Property Details for 940 West 48th Street, Unit 14

StatusSold
MLS #22-219539
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.13 AC / 5,849 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Hollywood Hills, Andrew Watkins, DRE #01478668; Keller Williams Hollywood Hills, James Scott Suarez, DRE #01433992

Sold By Berkshire Hathaway Hm Ser, Jose Salinas, DRE #01773325

Add your commute

Building Information for 940 West 48th Street, Unit 14

Stories2Residences-Year Built1965Building Size-Lot Size0.13 AC / 5,849 SF

Payment Calculator

$6,299 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,430

Property Taxes

$869

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 940 West 48th Street, Unit 14

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Unit Number: 1-4
  • View: No
  • View Description: None
  • View: None
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: Scheduled
  • Gross Operating Income: $109,200
  • Net Operating Income: $100,000.00
  • Gross Income: $0
  • Gross Rent Multiplier: $9.00
  • Total Annual Expense: 9200
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1343
  • Lot Size Square Feet: 5849
Parking Details
Parking Details
  • Parking Garage: Assigned, Driveway Gate
  • Total Parking: 4
  • Parking Features: Assigned
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven, Refrigerator
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-22-2022
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $257,537.00
  • Assessed Improvement Percent: 30.06
  • Assessed Land Value: $599,171.00
  • Assessed Land Percent: 69.94
  • Assessed Total Value: $856,708.00

Property History for 940 West 48th Street, Unit 14

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 940 West 48th Street, Unit 14

Taxable ValueLand$581,400Additions$249,900Total$831,300
Tax Record2020$10,430 ($869 / month)
Home Facts
Total Finished SqFt3,658 SqFtAbove Grade Finished SqFt3,658 SqFtLot Size5,849 SqFtStyleQuadraplexYear Built1965Year Renovated1970ZoningLARD2CountyLOS ANGELESAPN5018012014

Schools near 940 West 48th Street, Unit 14

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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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 Keller Williams Hollywood Hills, Andrew Watkins, DRE #01478668; Keller Williams Hollywood Hills, James Scott Suarez, DRE #01433992

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.