1148 East 48th Street

Los Angeles, CA 90011

$1,099,995
Price
11
Beds
5
Baths
4,082 Sq. Ft.
$269 / Sq. Ft.
4,082
Sq. Ft.
$269
per Sq. Ft.

Description

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...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!
  1. Listed by Julio Garcia • DRE #02177743 • Brokerage DRE #01978349 • Keller Williams SELA • 310-892-2696

Property Details for 1148 East 48th Street

Parking Spaces Total
5
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4082
Assessor Parcel Number
5107-019-013
Property Attached YN
true
LISTING UPDATED: 10/29/2024 08:24 AM

Property Details for 1148 East 48th Street

StatusActive
MLS #DW24221573
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1913
Lot Size0.16 AC / 6,814 SF
CountyLos Angeles County

Building Information for 1148 East 48th Street

Stories2Residences-Year Built1913Building Size-Lot Size0.16 AC / 6,814 SF

Property Information for 1148 East 48th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $123,331
  • Gross Scheduled Income: $127,145
  • Net Operating Income: $92,515
Expense Details
  • Operating Expense: $30,816
  • Gardener Expense: $720
  • Fuel Expense: $0
  • Electric Expense: $5,583
  • Insurance Expense: $6,994
  • Maintenance Expense: $3,236
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $30,817
Tax / Assessment Info
  • Tax Block: 2
  • Tax Tract Number: 232300
  • Tax Census Tract: 2287.10
  • Tax Lot: 13
Community / Development
Community / Development
  • Community Features: Curbs, Park, Sidewalks, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,152
  • Unit Type Total Rent: $1,152
  • Unit Type Pro Forma: 1152
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,300
  • Unit Type Total Rent: $2,300
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,028
  • Unit Type Total Rent: $1,028
  • Unit Type Pro Forma: 1028
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,915
  • Unit Type Total Rent: $3,915
  • Unit Type Pro Forma: 3915
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5

Property History for 1148 East 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 1148 East 48th Street

Taxable ValueLand$485,249Additions$446,206Total$931,455
Tax Record2024$12,195 ($1,016 / month)
Home Facts
Total Finished SqFt4,082 SqFtAbove Grade Finished SqFt4,082 SqFtLot Size6,814 SqFtStyleMulti-Family Res (5+ Units)Year Built1913ZoningLAR2CountyLOS ANGELESAPN5107-019-013

Schools near 1148 East 48th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sally Ride Elementary: A Smart Academy
PublicK to 5

Alliance Kory Hunter Middle
Charter6 to 8

Nava College Preparatory Academy
Public9 to 12

Thomas Jefferson 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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1148 East 48th Street is a mixed use property for sale in Los Angeles, CA 90011. This property was listed for sale on October 29, 2024 by Keller Williams SELA, it's currently listed at $1,099,995. It has been on the market for a total of 9 days and was last sold on April 26, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Sally Ride Elementary: A Smart Academy, Alliance Kory Hunter Middle and Nava College Preparatory Academy. 1148 East 48th Street is a 11-bed, 5-bath, 4,082 sqft mixed use property built in 1913.

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 Keller Williams SELA, Julio Garcia, DRE #02177743

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.