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1148 E 48th Street

Los Angeles, CA 90011

– beds
– baths
– sqft
6,814 sqft lot
1913 build
– on site

Introducing a charming 5-unit property ideal for both investors and owner users. The property includes a beautifully remodeled modern 3-bedroom, 1-bathroom unit in the rear, perfect for larger families or those needing extra space. This unit would also be perfect for an owner-user looking to live in this unit and rent out the remaining units to pay off their loan and all expenses! The front building features four spacious 2-bedroom, 1-bathroom units, perfect for small families or professionals looking for comfortable living. Each of these units boasts an open floor plan, ample natural light, and modern amenities, making them inviting and functional. Two of these units have been recently renovated. There is tremendous 97% rental upside if you take advantage of converting the 5 garages in the rear to two ADU units and renovating the two remaining units! The property is conveniently located near USC, parks, and shopping centers, enhancing its appeal. With a strong rental history and potential for increased income, this property presents a fantastic investment opportunity. Don't miss your chance to own this versatile and lucrative asset!

Listed By CRMLS_CA / Julio Garcia / Keller Williams SELA / 310-892-2696

Last checked: Checking… • Last updated Nov 1, 2024 •

MLS# DW24221573 —

The Building

Year Built:

1913
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

1 Common Wall
Building Area Total:

4082.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

5
Stories Total:

2
# of Separate Gas Meters:

5
# of Separate Water Meters:

5
# of Separate Electric Meters:

5

Interior

Entry Location:

Front
Laundry:

Individual Room
Laundry:

1

Location

Directions:

North on Central, Right on 48th
Latitude:

33.99956400
Longitude:

-118.25527000

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Zoning:

LAR2
Lot Features:

2-5 Units/Acre
Lot Size Area:

6814.0000
Lot Size Acres:

0.1564
Lot Size SqFt:

6814.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

2
Tax Census Tract:

2287.10
Tax Tract:

232300
Tax Lot:

13

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5107019013

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Curbs, Park, Sidewalks, Street Lights, Suburban
Pool:

None
Private Pool:

No

Parking

Parking Spaces:

5.00
Garage Spaces:

5.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/29/24 Oct 29, 2024	Listed / Active	CRMLS_CA	$1,099,995

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This multifamily located in South LA, Los Angeles, CA 90011 is currently for sale for $1,099,995. 1148 E 48th Street is a – square foot multifamily with – beds and – baths that has been on Estately for 23 days. 1148 E 48th Street is in the South LA neighborhood of Los Angeles and has a WalkScore® of 82, making it very walkable. This multifamily is in the attendance area of Thomas Jefferson Senior High, Sally Ride Elementary School, Santee Education Complex, George Washington Carver Middle School, Nava College Preparatory Academy, and Dr Maya Angelou Community Senior High.

Listing Courtesy of: CRMLS_CA and Keller Williams SELA. Based on information from California Regional Multiple Listing Service, Inc. as of 20:43 on Nov 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.