$2,600,0001645 W 48th St

1645 W 48th St, Los Angeles, CA, 90062

$2,600,000

Est. Monthly Price:

10 Bedrooms
10 Baths
10,990 SqFt
$237/SqFt
House
Schools Nearby
Image provided by Mapbox

Property Facts and Features

Home TypeOther

ParkingNone

Year Built1912

HeatingNatural Gas

CoolingNone

MLS #22202629

Lot Size0.13 Acres

StatusActive

About 1645 W 48th St, Los Angeles, CA, 90062

138 N Soto St, a 20-unit investment opportunity in Boyle Heights between 1st St and E Cesar Chavez Ave, a rapidly gentrifying submarket with easy access to the Arts District in Downtown Los AngelesThe property features a unit mix of 12 singles, six one-bedrooms, and two two-bedrooms; the building is 100% occupied and seven of the units have been renovated; opportunity to further add value as units turn and achieve over 38% rental upside through interior renovationsGated access from both the front and rear of the property; the building is separately metered for gas and electric and has common area laundry with two washers and two dryersStable cash flow at a 4.26% CAP rate on current income with significant upside; a pro forma CAP rate of 6.89% is projected upon stabilizationHigh Walk Score of 94, a plethora of retail within walking distance on 1st St, E Cesar Chavez Ave, and 4th St; down the street from the Metro L rail line as well as multiple metro local bus line stops on Soto & 1st streetConvenient access to the 1 St Viaduct for a quick commute to the Arts District and Downtown Los Angeles; located just off the 10, 60, and 101 Freeways

Interior Features

  • Appliances:

    Refrigerator
  • Interior:

    Ceiling Fan(s)

Exterior Features

  • Parking:

    None
  • Lot Size:

    0.13 Acres

Utilities

  • Heating:

    Natural Gas
  • Cooling:

    None

Other

  • Originating MLS:

    CRMLS
  • MLS Number:

    22202629
  • Directions:

    Located on the northeast corner of W 48th St and Western Ave
  • Listing Office:

    Marcus & Millichap
  • Listing Agent:

    Neema Ahadian
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Los Angeles Housing Market Report

Sold Prices For All Homes in Los Angeles

This Home$2.6M
$171K$190.0M

The Median Sold Price for All Homes in Los Angeles is $976K

Based on homes sold in the last 12 months

See Los Angeles Housing Market Report

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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/7/2022, 5:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property History for 1645 W 48th St, Los Angeles, CA, 90062

Sold icon Jan 16, 1998Home Sold
$246,140

Tax History for 1645 W 48th St, Los Angeles, CA, 90062

YEARPROP. TAXASSESSMENT
2021$20,645$1,635,106
2020$20,049$1,618,341
2019$19,891$1,586,610
2018$18,848$1,555,500
2017$18,848$1,475,664

Info iconHistory based on county public records data.

What's it like to live at 1645 W 48th St, Los Angeles, CA, 90062?

Schools Near 1645 W 48th St, Los Angeles, CA, 90062

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Outlined schools indicate they are assigned to this listing.

Elementary

2

Normandie Avenue Elementary School Normandie Avenue Elementary School url

4505 S Raymond Ave0.58 mi

Public District KG-5

9

Melrose Avenue Elementary School Melrose Avenue Elementary School url

731 N Detroit St6.18 mi

Public Magnet KG-6

8

Point Fermin Elementary School Point Fermin Elementary School url

3333 S Kerckhoff Ave19.80 mi

Public Magnet KG-5

Middle

1

Barack Obama Global Preparation Academy Barack Obama Global Preparation Academy url

1700 W 46th St0.07 mi

Public District 6-8

3

View Park Preparatory Accelerated Charter Middle School View Park Preparatory Accelerated Charter Middle School url

5010 11th Ave1.16 mi

Public Charter 6-8

4

Studio Studio url

2211 W Avenue 308.30 mi

Public District 6-8

High

1

Crenshaw Sci, Tech, Engr, Math and Med Magnet Crenshaw Sci, Tech, Engr, Math and Med Magnet url

5010 11th Ave1.16 mi

Public Magnet 9-12

8

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

456 S Mathews St6.10 mi

Public Magnet 9-12

7

Daniel Pearl Journalism & Communications Magnet Daniel Pearl Journalism & Communications Magnet url

6649 Balboa Blvd17.22 mi

Public Magnet 9-12

All data from Great Schools

What Are The Neighbors Like?

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1645 W 48th St, Los Angeles, CA, 90062

What is the listing price of this property?

The listing price of 1645 W 48th St property is $2,600,000.

What type of property is this?

The property 1645 W 48th St is a house located in Los Angeles, California, 90062.

Is this property for sale now?

Active Listing: 1645 W 48th St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1645 W 48th St are:
Normandie Avenue Elementary School: GreatSchools Rating 2/10
Melrose Avenue Elementary School: GreatSchools Rating 9/10
Point Fermin Elementary School: GreatSchools Rating 8/10
Barack Obama Global Preparation Academy: GreatSchools Rating 1/10
View Park Preparatory Accelerated Charter Middle School: GreatSchools Rating 3/10
Studio: GreatSchools Rating 4/10
Crenshaw Sci, Tech, Engr, Math and Med Magnet: GreatSchools Rating 1/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $20,645 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 16, 1998 for $246,140. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1645 W 48th St has 10 bedrooms and 10 bathrooms.

What is the square footage of this property?

The property 1645 W 48th St is 10,990 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1645 W 48th St is 1912.
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Rocket HomesCaliforniaLos Angeles CountyLos Angeles900621645 W 48th St

This home is located at 1645 W 48th St in Los Angeles, CA and zip code 90062 in the South LA neighborhood. This 10,990 square foot home, which was built in 1912, sits on a 0.13 acre lot. Features: 10 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since September 24, 2022 and is currently priced at $2,600,000. The neighbors living near this home have an average income of $36,023.

The inventory of homes for sale in Los Angeles, CA between August 2022 and September 2022 increased by 4.1%. In September 2022, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $976,081. Los Angeles, CA housing market in September 2022 saw over 573 listings sold above listed price, more than 227 sold at listed price and over 793 sold below. Typical income of Los Angeles, CA residents is less than $35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.

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