1 month on rocket

136 W 48th St, Los Angeles, CA, 90037

$1,680,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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136 W 48th St, Los Angeles$1,680,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingAssigned, Electric Gate, Garage
Garage2 spaces
Year BuiltNew Const., 2024
HeatingCentral
CoolingCentral Air
FireplaceNone
ViewCity Lights
MLS #AR24061303
Lot Size0.11 Acres
StatusActive

About 136 W 48th St

NEW CONSTRUCTION COMPLETED in 2024, NON RENT CONTROL, ±5.50% CAP Rate! ALL UNITS VACANT, Numbers are Proforma! 136 W 48th Street, a newly built luxury townhome-style apartment for sale. The property was completed in 2024 which made this asset exempt from Los Angeles RSO (rent control) and exempt from California AB1482 (rent control). The property was built with high-end finishes with future sustainability and ease of maintenance in mind: solar panels, artificial turf to reduce water consumption. It has a total of ±4,150 SF and is situated on a ±4,752 SF Lot. It offers superb curb appeal with modern finishings and townhouse style layout. These features would present an almost maintenance free asset for the next several years and minimum cost to operate on a NON-Rent Control building. All units have three levels with beautiful amenities, in-unit Washer-Dryer hookups, and a penthouse style master bedroom. The building consists of (3) 3 Bedrooms + 2.5 Bathrooms Units that are NOT UNDER Los Angeles Rent Stabilization Ordinance. Due to its recent construction, the three units are almost maintenance-free, considering the new roofs, plumbing, electrical, sewer lines, and amenities included. The property offers a large backyard with ample parking, including a 2-car garage. Buyers must do their due diligence regarding converting the garage into an ADU. Combining the strong CAP Rate of north of 5%, Non-Los Angeles Rent Stabilization Ordinance, and ease of maintenance, this offering is perfect for an experienced investor looking for solid & consistent cash flow with little to no maintenance. This property is in a high-density and in-demand area, providing rental growth for future vacancies. It is centrally located in a highly desirable location just minutes away from the home of LAFC, our city’s premier professional soccer team, USC, Crypto Arena, Home of the Lakers, Clippers, and LA Kings.) Expo Park and the Metro Green Line.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2024
  • Stories: 3

Listing Office:

  • Office Name: Growth Investment Group Pasade
  • Office Phone: (626) 224-2495
  • Listing Agent: Han Chen

Interior Features

Interior Information:

  • Appliances: Gas Range, Dryer, Washer
  • Flooring Type: Laminate, Vinyl
  • Interior: Balcony, All Bedrooms Up
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Assigned, Electric Gate, Garage

Lot Features

Lot Information:

  • Lot: Level, Near Public Transit, Rectangular Lot
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • William Jefferson Clinton Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • West Vernon Avenue Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: east of MAin St and west of Broadway St, cross St is Main St and 48th St

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,680,000

Tax Information:

  • Annual Amount: $4,641
  • 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

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

136 W 48th St vs Los Angeles

38 DAYS ON ROCKET

+4 Days

$1,680,000

+$693.5K More

KEY TAKEAWAY

This property is $693.5K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #AR24061303

Listing Office:

  • Office Name: Growth Investment Group Pasade
  • Office Phone: (626) 224-2495
  • Listing Agent: Han Chen

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: 5/6/2024, 12:55:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 21, 2002Home Sold
$199,000
May 24, 2002Home Sold
$85,500

Tax History

YEARPROP. TAXASSESSMENT
2021$4,641$373,832
2020$4,314$370,000
2019$4,248$346,619
2018$3,736$339,824
2017$3,736$298,000

History based on county public records data.

Payment Calculator

$8,452

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,103

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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.

Elementary School

school-card-donut-6757963
5
/10

  • West Vernon Avenue Elementary School

  • 4312 S Grand Ave

  • 0.47 miles

  • Public District Grades KG-5

school-card-donut-6757964
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 7.13 miles

  • Public Magnet Grades KG-6

school-card-donut-6757965
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 19.70 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-6757966
4
/10

  • William Jefferson Clinton Middle School

  • 3500 S Hill St

  • 1.28 miles

  • Public District Grades 6-8

school-card-donut-6757967
4
/10

  • Studio

  • 2211 W Avenue 30

  • 7.63 miles

  • Public District Grades 6-8

High School

school-card-donut-6757968
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 4.50 miles

  • Public Magnet Grades 9-12

school-card-donut-6757969
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 18.56 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,888. Most Los Angeles, CA residents have annual incomes less than $35k. Residents typically live in married, with kids family. 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›90037›136 W 48th St

This home is located at 136 W 48th St in Los Angeles, CA and zip code 90037 in the South LA neighborhood. This home, which was built in 2024, sits on a 0.11 acre lot. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $1,680,000.

In April 2024 more than 701 listings in Los Angeles, CA were sold above the asking price. During the same period more than 204 listings were sold at asking price, while more than 629 were sold below. In April 2024 in Los Angeles, CA there were 14.9% more homes for sale than in March 2024. Listings spent 34 days on the market in April 2024, and had a median list price of $986,427 during the same period.

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

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