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1952 W 48th St, Los Angeles, CA 90062
$2,075,000
1952 W 48th St, Los Angeles, CA 90062View this property at 1952 W 48th St, Los Angeles, CA 90062
1952 W 48th StLos AngelesCA90062
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Property Description
STUNNING FOUR-PLEX IN "OPPORTUNITY ZONE" FULLY REMODELED AND DELIVERED VACANT; making $17,000 in gross mo. short term income; gorgeous complex w/4 garage; easily investment or owner-occupying property. 1952 W 48THStreet is a 3 story building consisting of two 2 bed/2 bath units & two 3 bed/3 bath units. First floor living: Unit # 1 and #2 are 2 Bedrooms & 2 Bathrooms plus Living Room & Kitchen in 1,110 SF each. Second floor living: Unit #3 and #4 are 3 bedrooms & 3 Bathrooms ,Living Room & Kitchen 2 story units with finished attic in 1,886 Square feet of living space w/views of the surrounding community; Open floor plan with lots of natural light, hardwood floors, contemporary solid surfaces in kitchens and baths, exterior decks and more. Separately metered gas and electricity, newer roof, painted and ready for move-in. Updated plumbing, electrical, new electrical panels, windows, flooring, paint, and heating and cooling and laundry in each unit and more. Units are TOWNHOME-style w/2 interior floors. Basic floorplan for 3 bedroom residences: main floor primary bedroom w/ensuite bath, lower level 2nd bedroom & bath, kitchen w/ample counterspace & newer appliances, dining room & bonus room; 2nd level has an open loft w/an enclosed 3rd bedroom, a living room/entertainment area, an additional seating area plus office space. Artfully design using 100 year old wood accent walls & kitchen bar tops made of recycled materials during renovation. Keyless entry system; 14 camera system with a DVR system for recording. The subject was built in 1916, garages added in 1929 and recently extensively remodeled and updated within the past 7 years to include new plumbing,electrical, windows, interior & exterior doors, kitchens, bathrooms, interior walls, HVAC, roof, interior & exterior painting, all required retrofitting & foundation stabilization, the attics on 2 units have been fully finished to code, thus increasing the size of the builidng & the size of the units. Assessor's information has been updated to reflect the full building square footage with 10 bedrooms and 10 bathrooms. The property will be delivered fully vacant and can be delivered fully furnished for a true turn-key investment. Rents are based on approximately short term rental monthly rates. Community amenities include: metro line, new soccer & football stadiums, easy access to public transportation and approximately a 10 min drive to the nearby train stations where there is a free park and ride facilitating visting many Los Angeles hot spots like Hollywood, Universal Studios, Downtown LA and Santa Monica Pier. This property is perfect for an owner-user or investor looking to capitalize on the rental market in Los Angeles.
Full Property Details
Full Property Details for 1952 W 48th St
General
- Sold For: $2,075,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-301066
- Added to Site: 269 day(s) ago
Interior
- Rooms/Areas: Living Room, Dining Room
- Interior Features: Cathedral-Vaulted Ceilings
- Cooking Appliances: Range, Range Hood, Oven
- Flooring: Wood, Tile
Rooms
Bathrooms
- Total Bathrooms: 10
- Bathroom Features: Remodeled
Bedrooms
- Total Bedrooms: 10
Other Rooms
- Laundry: Garage, In Unit, Inside
Additional Information
- Pool Description: None
- Spa Description: None
- Security/Safety: Carbon Monoxide Detector(s), Smoke Detector, Owned, T.V., Automatic Gate, Exterior Security Lights
- Other Features: None
Exterior
- Deck/Patio: Deck(s)
Parking
- Garage: Yes
- Garage Spaces: 4
- Garage Description: Garage Is Attached
Location
- Area: Park Hills Heights
- County: Los Angeles
- Cross Streets: 48th Street and Wilton Place
- Driving Directions: South of Vernon at 48th Street; Between Wilton and Van Ness Ave.
School Information
- School District: Los Angeles Unified
Heating & Cooling
- Cooling Type: Central
- Heating Type: Central
Structural Information
- # Buildings: 1
- Architectural Style: Tudor
- Roof: Shingle
- Stories/Levels: 0
- Square Feet: 6,632
- Sq. Ft. Source: Assessor
- Year Built: 1916
- Year Built Source: Vendor Enhanced
- Property Condition: Updated/Remodeled
Unit Information
- Units in Complex: 4
- Unit Type: 2106, 2107, 2108, 2109
Unit 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Total Bathrooms: 3
- Bedrooms: 3
Unit 4
- Total Bathrooms: 3
- Bedrooms: 3
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1492
- Lot Size: 6501
- Lot Size Source: Vendor Enhanced
- Irrigation System: Front, Rear
- Zoning: LAC2
Financial Considerations
- Price Per Sq. Ft.: $361.88
- Assessment Year: 1916
- Owner Pays: Water, Other
- Tenant Pays: Electricity, Cable TV, Gas
Disclosures and Reports
- Disclosures/Reports: Rent Control, Listing Broker Advantage
- APN: 5015-018-013
Listed by Pacific Playa Realty, Teresa Mack and Out Of Area, OUT OF AREA
Sold by Compass, Erica Walden
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Schools
Schools serving 1952 W 48th St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2611 W 52nd St, Los Angeles, CA 90043 | K-5 | 0.5 mi | |
1700 W 46th St, Los Angeles, CA 90062 | 6-11 | 0.4 mi | |
5010 11th Ave, Los Angeles, CA 90043 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1952 W 48th St
Date
Details
Price
Change
Source
11/10/2023
Sold
$2,075,000
-13.54%
MLS
8/15/2023
Listed
$2,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1952 W 48th St, Los Angeles, CA 90062 (MLS# 23-301066) is a Multi-Family property that was sold at $2,075,000 on November 10, 2023. Want to learn more about 1952 W 48th St? 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.