NOT LISTED FOR SALE

1013 E 48th St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $740,000 - $1,040,000

6 Beds
4 Baths
2,654 Sq Ft
$334/Sq Ft Est. Value

Last Sold November 30, 2020

Last sale price $669,000 $252 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,499/month

106 Days on Market

Highlights

  • Built-In Features
  • Guest Parking
  • Gated Home

About This Home

As of November 2020

Beautiful 4 unit income property located next to Los Angeles Downtown. This property has enormous parking space. Huge space behind the unit has alley for easy access and can be used for future project. Close distance to USC and Downtown. Easy access to I-10 & 110 freeways. Walking distance to familiar restaurant, shops, and entertainment nearby. Cooperative tenants and friendly neighborhoods. Lost of upside potential. Come and check out this amazing property before it's gone.

Last Agent to Sell the Property

IAN BHAK

Ian Bhak License #01874328 Listed on: 06/08/2020

Last Buyer's Agent

IAN BHAK

Ian Bhak License #01874328 Listed on: 06/08/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,478

Year Built

  • Built in 1909 | Remodeled

Lot Details

  • 7,343 Sq Ft Lot
  • Gated Home

Interior Spaces

  • 2,654 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Laminate Flooring
  • Oven

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Guest Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5108-022-011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,478

Year Built

Built in 1909 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2654
  • Lot Acreage: 0.1686
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1909
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Appliances: Oven
  • Bedrooms: 6
  • Common Walls: Attached
  • Total Bathrooms: 4.00
  • Equipment: Built-Ins
  • Price Per S Q F T: 263.38

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Parking for Guests - Onsite, Oversized
  • Total Parking: 8

Utilities

  • Heating: Wall
  • Security: Gated
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 58.33
  • Assessed Improvement Value: 249900
  • Assessed Land Percent: 41.67
  • Assessed Land Value: 178500
  • Total Assessed Value: 428400
  • Assessor Parcel Number: 5108-022-011
  • Geocode Override: No
  • Lot Size Area: 7343

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.89
  • Number Of Units: 4
  • Total Annual Expense: 16256
  • Type Of Units: Multi Family
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2020
Closed on
Nov 23, 2020
Sold by
Shin Young J
Bought by
Lee Victor D
Seller's Agent
IAN BHAK
Ian Bhak
Buyer's Agent
IAN BHAK
Ian Bhak
List Price
$699,000
Sold Price
$669,000
Premium/Discount to List
-$30,000
-4.29%
Current Estimated Value
$887,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,331
Avg. Annual Appreciation
5.97%
Original Mortgage
$500,000
Outstanding Balance
$444,929
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$442,402

Purchase Details

Listed on
Jun 8, 2020
Closed on
Nov 20, 2020
Sold by
Lee Kelly Soon
Bought by
Lee Victor D
Seller's Agent
IAN BHAK
Ian Bhak
Buyer's Agent
IAN BHAK
Ian Bhak
List Price
$699,000
Sold Price
$669,000
Premium/Discount to List
-$30,000
-4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$444,929
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$442,402

Purchase Details

Listed on
May 19, 2017
Closed on
Oct 10, 2017
Sold by
Jung Eun K
Bought by
Shin Young J
Seller's Agent
Minerva Moreno
UNITED BROKERS REALTY
Buyer's Agent
Michelle Chung
Premier Agent Network
List Price
$499,000
Sold Price
$510,000
Premium/Discount to List
$11,000
2.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.06%
Original Mortgage
$382,500
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 19, 2017
Closed on
Aug 18, 2017
Sold by
Ah Capital Llc
Bought by
Shin Young J
Seller's Agent
Minerva Moreno
UNITED BROKERS REALTY
Buyer's Agent
Michelle Chung
Premier Agent Network
List Price
$499,000
Sold Price
$510,000
Premium/Discount to List
$11,000
2.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2015
Sold by
Halaris Nicholas R
Bought by
Ah Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2014
Sold by
Ah Capital Llc
Bought by
Halaris Nicholas R and Young John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,250
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Dec 12, 2012
Closed on
Feb 28, 2013
Sold by
Frausto Maria and Martinez Olga
Bought by
Ah Capital Llc
Seller's Agent
Sonia Banuelos
24 Hour Real Estate
Buyer's Agent
Sonia Banuelos
24 Hour Real Estate
List Price
$350,000
Sold Price
$290,000
Premium/Discount to List
-$60,000
-17.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.36%
Original Mortgage
$230,000
Interest Rate
3.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 2, 2006
Sold by
Frausto Maria and Frausto Maria Olga
Bought by
Frausto Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lee Victor D $669,000 Pacific Coast Title Company
Lee Victor D -- Pacific Coast Title Company
Shin Young J -- Old Republic Title Company
Shin Young J -- Old Repubuc Title Company
Ah Capital Llc -- Chicago Title La
Halaris Nicholas R -- American Coast Title
Halaris Nicholas -- American Coast Title
Young John R -- American Coast Title
Ah Capital Llc $290,000 Old Republic Title Company
Martinez Olga -- Old Republic Title Company
Frausto Maria -- Placer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Victor D $500,000
Previous Owner Shin Young J $382,500
Previous Owner Ah Capital Llc $294,000
Previous Owner Halaris Nicholas R $237,250
Previous Owner Ah Capital Llc $230,000
Previous Owner Frausto Maria $215,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2020 11/30/20 Sold $669,000 -4.3% $252 / Sq Ft
09/22/2020 09/22/20 Pending -- -- --
07/21/2020 07/21/20 For Sale $699,000 0.0% $263 / Sq Ft
06/29/2020 06/29/20 Pending -- -- --
06/12/2020 06/12/20 For Sale $699,000 0.0% $263 / Sq Ft
06/09/2020 06/09/20 Pending -- -- --
06/08/2020 06/08/20 For Sale $699,000 +37.1% $263 / Sq Ft
10/16/2017 10/16/17 Sold $510,000 +2.2% $192 / Sq Ft View Prior Sale
08/17/2017 08/17/17 Pending -- -- --
05/19/2017 05/19/17 For Sale $499,000 +72.1% $188 / Sq Ft
04/16/2013 04/16/13 Sold $290,000 -17.1% $109 / Sq Ft View Prior Sale
02/25/2013 02/25/13 Pending -- -- --
12/12/2012 12/12/12 For Sale $350,000 -- $132 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,478 $756,618 $422,148 $334,470
2024 $9,478 $741,783 $413,871 $327,912
2023 $9,302 $727,239 $405,756 $321,483
2022 $8,882 $712,980 $397,800 $315,180
2021 $8,767 $699,000 $390,000 $309,000
2020 $6,916 $530,604 $384,948 $145,656
2019 $6,657 $520,200 $377,400 $142,800
2018 $6,498 $510,000 $370,000 $140,000
2016 $5,361 $420,000 $175,000 $245,000
2015 $4,392 $338,633 $203,996 $134,637
2014 $3,936 $291,316 $190,862 $100,454
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2020

    IAN BHAK

    Ian Bhak

    Section Image
  • Minerva Moreno

    Seller's Agent in 2017

    Minerva Moreno

    UNITED BROKERS REALTY

    (562) 843-3190

    2 in this area

    43 Total Sales

    Minerva Moreno
    Section Image

  • M

    Buyer's Agent in 2017

    Michelle Chung

    Premier Agent Network

  • S

    Seller's Agent in 2013

    Sonia Banuelos

    24 Hour Real Estate

    (562) 972-7115

    25 Total Sales

    Sonia Banuelos
    Section Image
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Map

Source: The MLS

MLS Number: 20-587504

The MLS

APN: 5108-022-011

California Los Angeles County Los Angeles 90011 South Park

1013 E 48th St, Los Angeles, CA

This home is located at 1013 E 48th St, Los Angeles, CA 90011 since 08 June 2020 and is currently estimated at $887,331, approximately $334 per square foot. This property was built in 1909. 1013 E 48th St is a home located in Los Angeles County with nearby schools including Sally Ride Elementary: A Smart Academy, George Washington Carver Middle School, and Thomas Jefferson Senior High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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