$10,000 Closing Credit¹
#SR25014302, Veronica Ramirez, Listing Office: Century 21 Real Estate Alliance
#SB25003293·
Listing Office: Lyon Stahl Investment Real Estate, Inc.·
Listing Agent: Aaron Jacobson·
Listing Office Phone: 310-729-1559
$10,000
closing credit¹
1321 E 48th St Los Angeles, CA 90011
$995,000 List price
$10,000
Closing credit¹
0.1 acres
Multi-Family
Property details
About 1321 E 48th St
4-Unit Turnkey property to be delivered FULLY VACANT by close of escrow. Updated electrical and new copper plumbing. The building features one 2- bed/1-bath unit and three 1-bed/1-bath units, with all 4 units delivered vacant, offering a prime opportunity for an investor or owner-occupier. 4 uncovered parking spaces in the rear can be converted to two stacked ADUs. With this addition, the cap rate jumps from an already attractive 8.26% to an impressive 13.31%, offering substantial returns. For investors, this is a cash cow with the ability to stabilize and generate significant cash flow. For owner-users, it’s a perfect opportunity to occupy one unit, have two units cover your mortgage, and enjoy pure profit from the fourth unit. Don’t miss this rare chance to maximize value in a sought-after area!
Highlights
Home typeQuadruplex
StatusActive
Lot size0.1145 Acres
Year built1922
MLS #SB25003293
Summary
- MLS Number: SB25003293
- MLS Name: CRMLS
- Office Name: Lyon Stahl Investment Real Estate, Inc.
- Office Phone: (310) 729-1559
- Listing Agent: Aaron Jacobson
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 4:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$995,000
1321 E 48th St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 18, 2024 | Home Sold | $725,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $759,492 | $9,532 |
| 2023 | $744,600 | $9,351 |
| 2022 | $54,805 | $1,052 |
| 2021 | $53,731 | $1,028 |
| 2020 | $53,181 | $1,005 |
| 2019 | $52,139 | $934 |
| 2018 | $51,117 | $917 |
| 2017 | $50,115 | $917 |
History based on county public records data.
Nearby schools
6
Ascot Avenue Elementary School
Public District KG-5
0.3 mi
•1447 E 45th St
2
Hooper Elementary School
Public District 1-5
0.3 mi
•1225 E 52nd St
4
Sally Ride Elementary School
Public District KG-5
0.3 mi
•1041 E 46th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $38,047. Most Los Angeles, CA residents have annual incomes between $35k-100k. Typical family type is married, with kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
46%
<35k
47%
35k-100k
5%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
19%
Single, No Kids
30%
Single, with Kids
11%
Married, No Kids
40%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
12%
12-17 yrs old
32%
18-34 yrs old
29%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Where do the neighbors shop?
Ross Dress For Less
Foot Locker
Burlington
Where do the neighbors go to eat?
Jack In The Box
Little Caesars
White Castle
What do the neighbors drive?
Nissan
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 1321 E 48th St in Los Angeles, CA and zip code 90011 in the South LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 8, 2025 and is currently priced at $995,000.
Los Angeles, CA housing market in December 2024 saw over 524 listings sold above listed price, more than 203 sold at listed price and over 740 sold below. The inventory of homes for sale in Los Angeles, CA between November and December 2024 decreased by 5.3%. In December 2024, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $1,026,634.
From Rocket Homes Real Estate and based on county public records data.