1047 West 48th Street

Los Angeles, CA 90037

$780,000
Price
7
Beds
5
Baths
3,612 Sq. Ft.
$216 / Sq. Ft.
3,612
Sq. Ft.
$216
per Sq. Ft.

Description

This classic California Craftsman Fourplex features a total of 7 bedrooms and 5 bathrooms within 3,600 sq ft, situated on a spacious 7,340 sq ft lot. With abundant potential, this property is perfect for investors looking to remodel/renovate or those considering new construction. Check with LA County for development options. The property includes a two-story Craftsman home with 4 bedrooms and 2 bathrooms showcasing original architecture details throughout. Separate structure housing two 1-bedroom...This classic California Craftsman Fourplex features a total of 7 bedrooms and 5 bathrooms within 3,600 sq ft, situated on a spacious 7,340 sq ft lot. With abundant potential, this property is perfect for investors looking to remodel/renovate or those considering new construction. Check with LA County for development options. The property includes a two-story Craftsman home with 4 bedrooms and 2 bathrooms showcasing original architecture details throughout. Separate structure housing two 1-bedroom units and an additional 1-bedroom unit above a 2-car garage. Exciting Opportunity to transform this property into a profitable investment! With the unit above the garage soon to be vacant, you can remodel it into a spacious 2-bedroom residence. Plus, there's potential to convert the 2-car garage into an additional 2-bedroom ADU, opening up new income possibilities. Don't miss out on this chance! Total of three structures on the lot. Please do not disturb occupants or walk on the property.

Listing Agents

  1. Rena Braud

    Rena Braud

    Listing Agent

    Compass

    DRE #01128549

    rena.braud@compass.com

    P: (310)-908-4513

  2. Clarke Ball

    Clarke Ball

    Alternative Listing Agent

    Compass

    DRE #02115812

    clarke.ball@compass.com

    P: (323)-919-1626

Property Details for 1047 West 48th Street

Water Front
None
Zoning
LAR1R3
Style
Craftsman
Cross Streets
E/Western, W/Hoover, South/MLK, North/54th
Parcel Number
5017029057
Total Units
4.0
Living Area
3612
Source Living Area
Vendor Enhanced
LISTING UPDATED: 10/22/2024 06:20 PM

Property Details for 1047 West 48th Street

StatusActive
MLS #24-443893
Days on Market58
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1909
Lot Size0.17 AC / 7,432 SF
CountyLos Angeles County
Buyer's Agent Compensation2%

Building Information for 1047 West 48th Street

Stories3Residences-Year Built1909Building Size-Lot Size0.17 AC / 7,432 SF

Property Information for 1047 West 48th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 3
  • Type Of Units: Fourplex
  • View: Yes
  • View Description: Walk Street
  • Direction Faces: South
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan, Submit
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $62,136.00
  • Gross Income: $5,178
  • Gross Rent Multiplier: $12.00
  • Actual Annual Gross Rent: $62,136.00
  • Actual Rent Total: $5,178.00
  • Total Annual Expense: 260
  • Water Expense: $140.00
  • Gardener Expense: $120
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1706
  • Lot Size Square Feet: 7432
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached, Garage - 2 Car, On street, Driveway - Concrete, Assigned
  • Total Parking: 0
  • Parking Features: Garage - Two Door, Street, Concrete, Assigned
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace, Natural Gas
  • Heating Type: Wall, Natural Gas
  • Equipment: None
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-25-2024
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,996.00
  • Unit Actual Rent: $1,996.00
  • Unit Projected Rent: $4,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,329.20
  • Unit Actual Rent: $1,329.20
  • Unit Projected Rent: $2,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $842.40
  • Unit Actual Rent: $842.40
  • Unit Projected Rent: $2,500.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,010.80
  • Unit Actual Rent: $1,010.80
  • Unit Projected Rent: $2,500.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $111,034.00
  • Assessed Improvement Percent: 47.23
  • Assessed Land Value: $124,062.00
  • Assessed Land Percent: 52.77
  • Assessed Total Value: $235,096.00

Property History for 1047 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 1047 West 48th Street

Taxable ValueLand$126,543Additions$113,254Total$239,797
Tax Record2024$3,463 ($289 / month)
Home Facts
Total Finished SqFt3,612 SqFtAbove Grade Finished SqFt3,612 SqFtLot Size7,430 SqFtStyleQuadraplexYear Built1909ZoningLAR1CountyLOS ANGELESAPN5017-029-057

Schools near 1047 West 48th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Dr. James Edward Jones Primary Center
PublicK to 2

Marguerite Poindexter Lamotte Elementary
PublicK to 5

John Muir Middle School
Public6 to 8

Manual Arts Senior High School
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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1047 West 48th Street is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on September 25, 2024 by Compass, it's currently listed at $780,000. It has been on the market for a total of 58 days and was last sold on September 9, 2005. This listing's school district is Los Angeles Unified School District. Nearby schools include Dr. James Edward Jones Primary Center, Marguerite Poindexter Lamotte Elementary and John Muir Middle School. 1047 West 48th Street is a 7-bed, 5-bath, 3,612 sqft multi-family home built in 1909.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Rena Braud, DRE #01128549; Compass, Clarke Ball, DRE #02115812

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.