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

$799,000

Home List Price

$9,488*

Closing Credit

4 Bedrooms
2 Baths
1,790 SqFt
$446/SqFt
House

Location

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

Buyer Closing Credits

$9,488*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDriveway
Year Built1913
HeatingCentral
MLS #24460099
Lot Size0.12 Acres
StatusActive

About 281 E 48th Pl

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:

  • Architectural Style: Traditional
  • Year Built: 1913
  • Stories: 1
  • Living Area: 1,790 SqFt

Listing Office:

  • Office Name: Altura Realty
  • Office Phone: (559) 800-9991
  • Listing Agent: Travis Justice

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Central

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: $446/SqFt
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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 Pl vs Los Angeles

47 DAYS ON ROCKET

+9 Days

$799,000

-$222.5K Less

$446/SqFt

-$194 Less

KEY TAKEAWAY

This property is $222.5K less than the Median Sold Price and $194/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24460099

Listing Office:

  • Office Name: Altura Realty
  • Office Phone: (559) 800-9991
  • Listing Agent: Travis Justice

IDX 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: 12/23/2024, 3:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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-1135273
4
/10

  • Main Street Elementary School

  • 129 E 53rd St

  • 0.36 miles

  • Public District Grades KG-5

school-card-donut-1135274
3
/10

  • 49th Street Elementary School

  • 750 E 49th St

  • 0.49 miles

  • Public District Grades KG-5

school-card-donut-1135275
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. Residents typically live in married, with kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 281 E 48th Pl

What is the listing price of this property?

The listing price of 281 E 48th Pl property is $799,000.

What type of property is this?

The property 281 E 48th Pl is a house located in Los Angeles, California, 90011.

Is this property for sale now?

Active Listing: 281 E 48th Pl is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 281 E 48th Pl has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 281 E 48th Pl is 1,790 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 281 E 48th Pl is 1913.

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

This home is located at 281 E 48th Pl in Los Angeles, CA and zip code 90011 in the South LA neighborhood. This 1,790 square foot home, which was built in 1913, sits on a 0.12 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 05, 2024 and is currently priced at $799,000.

Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 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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