2 months on rocket

281 E 48th St, Los Angeles, CA, 90011

$799,000

Home List Price

$9,488*

Closing Credit

5 Bedrooms
3 Baths
1,702 SqFt
$469/SqFt
Multi

Location

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281 E 48th St, Los Angeles$799,000

Buyer Closing Credits

$9,488*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingUncovered
Garage1 space
Year Built1922
HeatingCentral
CoolingCentral Air
FireplaceNone
MLS #619417
Lot Size0.12 Acres
StatusActive

About 281 E 48th St

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.

Property Details

Property Features

Property Information:

  • Year Built: 1922
  • Stories: 1
  • Living Area: 1,702 SqFt

Listing Office:

  • Office Name: Altura Realty
  • Office Phone: (559) 800-9991
  • Listing Agent: Vianey Cobian Moreno

Interior Features

Interior Information:

  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Parking: Uncovered

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From the 110 Freeway, take exit 20B for Slauson Avenue. Head east on Slauson Avenue for about 1.5 miles, then turn left onto South San Pedro Street. After half a mile, turn right onto East 48th Street. The property, 281 E 48th St,be on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $799,000
  • Price Per SqFt: $469/SqFt

Tax Information:

  • Annual Amount: $5,118
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

281 E 48th St vs Los Angeles

81 DAYS ON ROCKET

+43 Days

$799,000

-$222.5K Less

$469/SqFt

-$171 Less

KEY TAKEAWAY

This property is $222.5K less than the Median Sold Price and $171/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Fresno Multiple Listing System
  • MLS Number: #619417

Listing Office:

  • Office Name: Altura Realty
  • Office Phone: (559) 800-9991
  • Listing Agent: Vianey Cobian Moreno

Based on information from the Fresno Association of REALTORS® (alternatively, from the Fresno MLS). 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. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
interested in purchasing.

Copyright 2024 Fresno Association of Realtors. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 7:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 22, 2015Home Sold
$303,000
Dec 19, 2002Home Sold
$198,000
Jul 02, 1992Home Sold
$125,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,118$407,435
2020$4,968$403,258
2019$4,861$395,352
2018$3,910$387,600
2017$3,910$309,060

History based on county public records data.

Payment Calculator

$4,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,462

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1053579
4
/10

  • Main Street Elementary School

  • 129 E 53rd St

  • 0.36 miles

  • Public District Grades KG-5

school-card-donut-1053580
3
/10

  • 49th Street Elementary School

  • 750 E 49th St

  • 0.49 miles

  • Public District Grades KG-5

school-card-donut-1053581
2
/10

  • Estrella Elementary School

  • 120 E 57th St

  • 0.64 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,665. Most Los Angeles, CA residents have annual incomes less than $35k. The most common type of family is married, with kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90011›281 E 48th St

This home is located at 281 E 48th St in Los Angeles, CA and zip code 90011 in the South LA neighborhood. This 1,702 square foot home, which was built in 1922, sits on a 0.12 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 03, 2024 and is currently priced at $799,000.

In November 2024 more than 512 listings in Los Angeles, CA were sold above the asking price. During the same period more than 177 listings were sold at asking price, while more than 657 were sold below. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. Listings spent 38 days on the market in November 2024, and had a median list price of $1,021,532 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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