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1952 48th Street
Los Angeles, CA 90062
Sold
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.
PROPERTY INFORMATION
| MLS # | 23301066 | Lot Size | 6,501 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,400,000
Price Per SqFt: $ 362 |
DOM | 657 Days |
| Address | 1952 48th Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 6,632 Sq. Ft. |
| Postal Code | 90062 | Garage | 4 |
| County | Los Angeles | Year Built | 1916 |
| Bed / Bath | 10 / 0 | Parking | 4 |
| Built In | 1916 | Status | Closed |
| Sold Date | 2023-11-10 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | In Garage, Inside |
| Has Appliances | Yes |
| Kitchen Appliances | Range, Range Hood, Oven |
| Kitchen Information | Remodeled Kitchen |
| Has Heating | Yes |
| Heating Information | Central |
| Room Information | Living Room |
| Has Cooling | Yes |
| Cooling Information | Central Air |
| Flooring Information | Wood, Tile |
| InteriorFeatures Information | Cathedral Ceiling(s) |
| Has Spa | No |
| SpaDescription | None |
| SecuritySafety | Carbon Monoxide Detector(s), Smoke Detector(s), Automatic Gate |
| Bathroom Information | Remodeled |
EXTERIOR FEATURES
| Roof | Shingle |
| Has Pool | No |
| Pool | None |
| Has Patio | Yes |
| Patio | Deck |
| Has Sprinklers | Yes |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,560
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/30/2023 | Pending | $2,400,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Teresa Mack, Pacific Playa Realty. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
