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$699,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
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Investor opportunity in the heart of Vermont Square! This Craftsman-style home offers 7 bedrooms and 2 bathrooms across 2,096 sq. ft. of living space, situated on a 6,470 sq. ft. lot. The property is legally a duplex that was converted into a single-family residence at an unknown time, creating a spacious floor plan with one bedroom upstairs and the rest on the main level. The home includes a driveway and garage, plus an additional parcel directly behind the property (APN: 5017-029-043, 1,000 sq. ft.) which is included in the sale. The property needs cosmetic upgrades, a potential floor plan reconfiguration, and possibly a new roof, making it an ideal project for investors seeking value-add potential. Zoned LAR1 and delivered vacant, this home is ready for its next chapter. Conveniently located near USC, Exposition Park, and major freeways, this is a prime opportunity in an up-and-coming neighborhood.

Full Property Details for 1021 W 48th

General

  • Price: $699,000
  • Status: Pending
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: RS25259301
  • Updated: 12/18/2025
  • Added to Site: 65 day(s) ago

Interior

  • Rooms/Areas: Living Room
  • Fireplace(s): Living Room

Rooms

Other Rooms

  • Laundry: None

Additional Information

  • Pool Description: None

Parking

  • Garage Spaces: 2

Location

  • Area: C34 - Los Angeles Southwest
  • County: Los Angeles
  • Development Name: C34 - Los Angeles Southwest
  • Driving Directions: 48th Street and Kansas Street

Heating & Cooling

  • Cooling Type: None

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 1
  • # Electric Meters: 1

Structural Information

  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 2,096
  • Year Built: 1923

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 4

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.1715
  • Lot Size (Sq. Ft.): 7,470
  • Lot Size Source: Estimated
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $333.49
  • Price Per Unit: 349500

Listed by Circle Real Estate, Mark Perez and Circle Real Estate, Gabriel Mejorado

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Listing agents

— 1021 W 48th —

  • Mark Perez

    Circle Real Estate

  • Gabriel Mejorado

    Circle Real Estate

562-754-0660

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1021 W 48th

School District:Los Angeles Unified School District
NameGradesDistance
Dr. James Edward Jones Primary Center
1017 West 47th Street, Los Angeles, CA 90037
PK-20.1 mi
Marguerite Poindexter Lamotte Elementary
4410 Orchard Avenue, Los Angeles, CA 90037
K-50.3 mi
John Muir Middle School, Los Angeles, CA
5929 South Vermont Avenue, Los Angeles, CA 90044
6-80.9 mi
Manual Arts Senior High School
4131 South Vermont Avenue, Los Angeles, CA 90037
9-120.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1021 W 48th Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/13/2025
Listed
$699,000
53.21%
MLS
3/08/2007
Sold
$456,250
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1021 W 48th

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,749
-41%
$276,377
2%
2024
$6,344
76%
$270,959
2%
2023
$3,607
4%
$265,647
2%
2022
$3,454
2%
$260,439
2%
2021
$3,401
-1%
$255,333
1%
2020
$3,430
4%
$252,716
2%
2019
$3,307
4%
$247,762
2%
2018
$3,174
2%
$242,905
2%
2017
$3,110
3%
$238,143
2%
2016
$3,020
1%
$233,474
2%
2015
$2,978
-1%
$229,968
2%
2014
$3,003
—
$225,464
—
2013
$2,997
—
$224,446
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

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NMLS#: 1598647

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Listed by Circle Real Estate, Mark Perez and Circle Real Estate, Gabriel Mejorado

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1021 W 48th, Los Angeles, CA 90037 (MLS# RS25259301) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 1021 W 48th is currently listed for $699,000 and was received on November 13, 2025. Want to learn more about 1021 W 48th? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

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