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  • Overview

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Buy a multi-family property in Los Angeles, CA at 1240 W 48th Street Los Angeles, CA 90037

$944,900

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Multifamily

0 Bathrooms

60 Days on market

MB22201222 MLS ID

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About 1240 W 48th Street multi-family property

This is the one: Welcome to this California-style Craftsman that combines both its vintage character and modern touches! Front unit offers a functional floor plan with 4 large bedrooms and 2 full bathrooms. As you are driving up, there is no doubt of the stunning curb appeal displayed by the natural green hedged that is carefully maintained by the Owner for ultimate privacy, & minimal water usage. The property features maintained rock drought resistant garden and accessibility for parking up to 4 cars. This is a permitted (2)-unit property! Live in (1) and rent the others for instant rental income to offset mortgage payment. Situated in an unmatched location of prime Los Angeles real estate, commuters enjoy close proximity to USC Village with trendy restaurants & Trader Joe's/City Target, LA Coliseum, LAFC Stadium, and the Lucas Musuem which is under construction & a short commute to DTLA, Arts District, Baldwin Hills Mall, public transportation. Submit your offer asap to catch this one-of-a-kind home with tons of character & charm!
This is the one: Welcome to this California-style Craftsman that combines both its vintage character and modern touches! Front unit offers a functional floor plan with 4 large bedrooms and 2 full bathrooms. As you are driving up, there is no doubt of the stunning curb appeal displayed by the natural green hedged that is carefully maintained by the Owner for ultimate privacy, & minimal water usage. The property features maintained rock drought resistant garden and accessibility for parking up to 4 cars. This is a permitted (2)-unit property! Live in (1) and rent the others for instant rental income to offset mortgage payment. Situated in an unmatched location of prime Los Angeles real estate, commuters enjoy close proximity to USC Village with trendy restaurants & Trader Joe's/City Target, LA Coliseum, LAFC Stadium, and the Lucas Musuem which is under construction & a short commute to DTLA, Arts District, Baldwin Hills Mall, public transportation. Submit your offer asap to catch this one-of-a-kind home with tons of character & charm!

Vermont Square Neighborhood Profile

The neighborhood of Vermont Square is part of the city of Los Angeles, California, which is located in the Los Angeles-Long Beach-Anaheim metropolitan area.

Transportation

This part of the city allows home buyers to get around by several alternative modes of transportation. Vermont Square is very suitable for walking; most daily errands can be run without the use of a car, and there are also a fair number of businesses close by. Residents can count on public transit to move around in this area. In particular, property owners have access to about 10 bus lines, and bus stops are typically nearby. Traveling by car is also convenient in Vermont Square. The majority of houses for sale are a reasonably short drive from the nearest highway, such as Harbor Freeway.

Services

Both primary and secondary schools are straightforward to access on foot from most houses for sale in Vermont Square. At the elementary level, both public and private schools can be found. Regarding food, a general and a specialty grocery store is always only a very short walk away in Vermont Square. In addition, a restaurant is generally just around the corner, and a limited selection of coffee shops is available as well. It is also a rather short distance to a reasonable variety of clothing stores.

Character

The character of Vermont Square is exemplified by its calm ambience. The noise levels in this part of Los Angeles are reasonably low, as the streets are generally tranquil - although there are still several louder sections, especially around Harbor Freeway. Lastly, it is easy to reach public green spaces since there are a few of them close by for residents to explore.

Housing

In Vermont Square, about 45% of dwellings are single detached homes, whereas the remainder are mainly large apartment buildings, small apartment buildings, and townhouses. This neighborhood also has an excellent choice of unit sizes; it is quite easy to find properties ranging from lofts to four or more bedrooms. About 60% of the units in the neighborhood are occupied by renters whereas owners occupy the remainder. This part of Los Angeles experienced its largest building boom before the 1960s, so most of the available properties are from this era.

Monthly cost

Estimated monthly cost

$4,098/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

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Sale and tax history

Sale and tax history

Today

DateStatusPrice
Oct. 24, 2014$445,000
Apr. 14, 2010$58,000
Aug. 5, 1969$5,000

Schools

This home is within the Los Angeles Unified School District.

Los Angeles enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

N/A

Opportunities Unlimited Charter High Sc Hool

N/A

Metro Charter Elementary School

N/A

Greyson Prepatory Academy Inc

N/A

Kid's Preparatory Academy Inc

N/A

Games Charter School

N/A

West Adams Preparatory High School

N/A

Celerity Dyad Central

1/5

Manual Arts Senior High School

N/A

Barack Obama Global Preparation Academy

N/A

Normandie Avenue Elementary School

Lifestyle

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$888,206

+$28,347

$916,553

Seller agent commission$28,347 (3%)*

$0 (0%)

Buyer agent commission$28,347 (3%)*

$28,347 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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Unreal Estate checked: Dec. 7, 2022 at 12:56 a.m.

Data updated: Nov. 16, 2022 at 2:07 p.m.

Listing modified: Nov. 16, 2022 at 6:25 p.m.

Property listed by CENTURY 21 REALTY MASTERS, XIO SANDOVAL. IDX Contact: 323-722-7300
Based on information from California Regional Multiple Listing Service, Inc. as of 11/16/2022 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. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2022 California Regional MLS. All Rights Reserved.

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