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Sold for $995,000
    • Listed by: Lyon Stahl Investment Real Estate, Inc. • Aaron Jacobson • Contact: 310-729-1559
    Bought with: NONMEMBER MRML
    $995,000

    1321 E 48th St, Los Angeles, CA 90011

    5beds
    4baths
    2,292sqft
    Quadruplex
    Built in 1922
    -- sqft lot
    $980,800 Zestimate®
    $434/sqft
    $2,853 Estimated rent

    Home value

    $980,800

    $883,000 - $1.09M

    $2,853/mo

    Zestimate® history
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    What's special

    4-Unit Turnkey property to be delivered FULLY VACANT by close of escrow. Updated electrical and new copper plumbing. The building features one 2- bed/1-bath unit and three 1-bed/1-bath units, with all 4 units delivered vacant, offering a prime opportunity for an investor or owner-occupier. 4 uncovered parking spaces in the rear can be converted to two stacked ADUs. With this addition, the cap rate jumps from an already attractive 8.26% to an impressive 13.31%, offering substantial returns. For investors, this is a cash cow with the ability to stabilize and generate significant cash flow. For owner-users, it’s a perfect opportunity to occupy one unit, have two units cover your mortgage, and enjoy pure profit from the fourth unit. Don’t miss this rare chance to maximize value in a sought-after area!

    Zillow last checked:

    Listing updated:

    Listed by:

    Aaron Jacobson DRE #02100737 310-729-1559,

    Lyon Stahl Investment Real Estate, Inc.,

    Cameron Samimi DRE #02035763,

    Lyon Stahl Investment Real Estate, Inc.

    Bought with:

    General NONMEMBER, DRE #01269498

    NONMEMBER MRML

    Source: CRMLS,MLS#: SB25003293MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    Appliances
    • Laundry: None
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,292
    • Total interior livable area: 2,292 sqft

    Property

    Parking
    • Total spaces: 4
    • Uncovered spaces: 4
    Features
    • Entry location: Front
    • Pool features: None
    Lot
    • Size: 4,989 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 5107014021
    • Zoning: LAR2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Condition
    • New construction: No
    • Year built: 1922

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Biking, Dog Park, Park, Street Lights, Sidewalks
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $434/sqft
    • Tax assessed value: $940,000
    • Annual tax amount: $11,633
    • Date on market: 1/7/2025
    • Cumulative days on market: 70 days
    • Listing terms: Cash to Existing Loan,Cash to New Loan,Conventional,Contract,1031 Exchange,FHA

    Price history

    DateEventPrice
    4/14/2026Listing removed$2,250$1/sqft
    Source: Zillow Rentals Report a problem
    3/30/2026Price change$2,250-12.2%$1/sqft
    Source: Zillow Rentals Report a problem
    3/13/2026Listed for rent$2,562$1/sqft
    Source: Zillow Rentals Report a problem
    2/26/2025Sold$995,000$434/sqft
    Source: CRMLS #SB25003293 Report a problem
    2/4/2025Contingent$995,000$434/sqft
    Source: CRMLS #SB25003293 Report a problem
    1/7/2025Listed for sale$995,000+37.2%$434/sqft
    Source: CRMLS #SB25003293 Report a problem
    10/18/2024Sold$725,000$316/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$11,633 +22%$940,000 +23.8%
    2024$9,532 +1.9%$759,492 +2%
    2023$9,351 +788.4%$744,600 +1258.6%
    2022$1,053 +2.4%$54,805 +2%
    2021$1,028 -0.3%$53,731 +1%
    2020$1,031 $53,181 +2%
    2019$1,031 +10.3%$52,139 +2%
    2018$934 $51,117 +2%
    2017$934 +1.9%$50,115 +2%
    2016$917 +5.4%$49,133 +1.5%
    2015$871 -2.5%$48,396 +2%
    2014$893 $47,449 +5.3%
    2010-- $45,066 -0.2%
    2009-- $45,174 +2%
    2008-- $44,289 +2%
    2007-- $43,421 +2%
    2006-- $42,570
    2005-- $42,570 +4%
    2004-- $40,919 +1.9%
    2003-- $40,170 +2%
    2002-- $39,383 +4%
    2000-- $37,856
    Find assessor info on the county website

    Neighborhood: Southeast Los Angeles

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    Estimated market value
    $980,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $980,800

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