281 East 48th Street
$799,000
4
2
1,790
1,790
$446
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.
- Listed by Travis Justice • DRE #02071111 • Brokerage DRE #02071111 • Altura Realty
Property Details for 281 East 48th Street
Zoning
LAR2
StyleTraditional
Parcel Number5109009002
Total Units2.0
Living Area1790
Source Living AreaVendor Enhanced
AreaDowntown L.A. (C42)
Vacancy Rate0
LISTING UPDATED: 11/13/2024 12:01 AM
Property Details for 281 East 48th Street
Status | Active |
---|---|
MLS # | 24-460099 |
Days on Market | 12 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1913 |
Lot Size | 0.12 AC / 5,242 SF |
County | Los Angeles County |
Building Information for 281 East 48th Street
Stories1Residences-Year Built1913Building Size-Lot Size0.12 AC / 5,242 SF
Property Information for 281 East 48th Street
Property History for 281 East 48th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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