281 East 48th Street

Los Angeles, CA 90011

$799,000
Price
5
Beds
3
Baths
1,702 Sq. Ft.
$469 / Sq. Ft.
1,702
Sq. Ft.
$469
per Sq. Ft.

Description

Investor's Dream in Los Angeles! Unlock the full potential of this rare gem featuring two separate homes on one lot, complete with a detached garage. Perfectly designed for generating multiple streams of income or expanding your rental portfolio. The front house is move-in ready, ensuring premium rental or resale value. The rear unit, offering 2 bedrooms and 1 bath, is ideal for consistent rental income, or housing extended family. Maximize your ROI by living in one home while renting the other,...Investor's Dream in Los Angeles! Unlock the full potential of this rare gem featuring two separate homes on one lot, complete with a detached garage. Perfectly designed for generating multiple streams of income or expanding your rental portfolio. The front house is move-in ready, ensuring premium rental or resale value. The rear unit, offering 2 bedrooms and 1 bath, is ideal for consistent rental income, or housing extended family. Maximize your ROI by living in one home while renting the other, or rent both and enjoy steady cash flow in one of LA's most sought-after neighborhoods. Don't miss this exceptional opportunity to combine comfort and financial flexibility in the heart of the city! Whether you're a seasoned investor or just starting, this property is a prime addition to your portfolio.
  1. Listed by Vianey Cobian Moreno • DRE #02137172 • Altura Realty

Property Details for 281 East 48th Street

Garage Spaces
1
Garage Type
Detached
Cross Street Address
San Pedro Street
LISTING UPDATED: 10/11/2024 03:21 PM

Property Details for 281 East 48th Street

StatusActive
MLS #619417
Days on Market46
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Duplex
Year Built1922
Lot Size0.12 AC / 5,179 SF
CountyLos Angeles County

Building Information for 281 East 48th Street

Stories-Residences2Year Built1922Building Size-Lot Size0.12 AC / 5,179 SF

Property Information for 281 East 48th Street

Summary
Location and General Information
  • Region: Urban
  • Directions: From the 110 Freeway, take exit 20B for Slauson Avenue. Head east on Slauson Avenue for about 1.5 miles, then turn left onto South San Pedro Street. After half a mile, turn right onto East 48th Street. The property, 281 E 48th St,be on your left.
  • Census Tract: .00
School Information
  • Schools Comment: Buyers to Verify.
  • School Name 1: Los Angeles
  • School Name 2: Los Angeles
  • School Name 3: Los Angeles
  • School Type 1: High School
  • School Type 2: Junior High School
  • School Type 3: Grade School
Parking
  • Additional Parking: Uncovered
Taxes and HOA Information
  • Association: Fresno MLS
Lot Information
  • Square Footage Source: Tax Records
  • APN: 5109-009-022
  • Lot Measurement: SqFt
  • Lot Size Source: (Tax Records)
  • Multiple Listing Service: Fresno Multiple Listing System
Property
Property and Assessments
  • REO/Bank Owned: No
  • FIPS Code: 37
  • Age: 0
  • Property Disclaimer: Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
  • Total Buildings: 0
  • Stories: One
Utilities
  • Gas & Electric: Public Utilities
  • Sewer/Water: Public Water
Interior and Exterior Features
Exterior Features
  • Exterior: Stucco
  • Foundation: Both
  • Roofing: Composition
Interior Features
  • Heat/Cool: Central Heat/Cool
  • Fireplace: None
Multi Family
Income & Expenses Information
  • Annual Expense: $.00
  • Annual Income: $.00
  • Expenses Include: Maintenance/Repair, Taxes
  • Income Includes: Month to Month
  • Net Income: $.00
  • Total Units: 2
Unit 1 Information
  • Unit Number: 0
  • Unit Description: 283
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $.00
Unit 2 Information
  • Unit Number: 1
  • Unit Description: 281
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $.00
Rental
Rental Information
  • Tenant Pays: None
  • Lease Type: Net

Property History for 281 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 281 East 48th Street

Taxable ValueLand$510,000Additions$170,000Total$680,000
Tax Record2024$8,506 ($709 / month)
Home Facts
Total Finished SqFt1,702 SqFtAbove Grade Finished SqFt1,702 SqFtLot Size5,179 SqFtStyleDuplexYear Built1922ZoningLAR2CountyLOS ANGELESAPN5109-009-022

Schools near 281 East 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
Public - 9 to 12
Rating
School
Distance
Main Street Elementary School
PublicK to 5

Los Angeles Academy Middle
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
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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Similar Sold Homes

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281 East 48th Street is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on October 2, 2024 by Altura Realty, it's currently listed at $799,000. It has been on the market for a total of 46 days and was last sold on December 20, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Main Street Elementary School, Los Angeles Academy Middle and Thomas Jefferson Senior High School. 281 East 48th Street is a 5-bed, 3-bath, 1,702 sqft multi-family home built in 1922.

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 Altura Realty, Vianey Cobian Moreno, DRE #02137172

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.