139 W 48th St Los Angeles, CA 90037
South Park Neighborhood
3
Beds
4
Baths
1,976
Sq Ft
4,744
Sq Ft Lot
About This Home
As of March 2023Introducing a prime investment opportunity located just minutes away from USC and Downtown. This four-unit building consists of three 1-bedroom, 1-bathroom units and one studio, providing multiple rental options. Some units have received minor updates, with one unit boasting an updated kitchen, flooring, paint, and lighting.This property presents an incredible add-value opportunity with huge upside on rents. Additionally, the city may allow for the construction of two additional units, further increasing the property's value. Conveniently located near freeways, this property offers easy access to all the amenities and attractions that the city has to offer. This is an exceptional opportunity for seasoned investors looking to add to their portfolio or for first-time buyers who want to consider leaving in a unit. Don't miss out on the chance to capitalize on this prime investment property.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,457
Year Built
- Built in 1912
Lot Details
- 4,744 Sq Ft Lot
Parking
- 5 Parking Spaces
Interior Spaces
- 1,976 Sq Ft Home
- Built-In Features
Bedrooms and Bathrooms
- 3 Bedrooms
- 4 Bathrooms
Community Details
- 2 Buildings
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 5110-013-009
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 3, 2023
Closed on
May 8, 2023
Sold by
Saint Simon Buildings Llc
Bought by
Saint Simon Building Llc
Seller's Agent
Juan Pena
Real Broker
Buyer's Agent
Mike Antoun
West Shores Realty, Inc.
List Price
$819,999
Sold Price
$740,000
Premium/Discount to List
-$79,999
-9.76%
Views
27
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,868
Avg. Annual Appreciation
3.50%
Original Mortgage
$444,000
Outstanding Balance
$434,106
Interest Rate
6.45%
Mortgage Type
New Conventional
Estimated Equity
$366,762
Purchase Details
Listed on
Mar 3, 2023
Closed on
Mar 29, 2023
Sold by
Marshall Ashley Nicole
Bought by
Saint Simon Buildings Llc
Seller's Agent
Juan Pena
Real Broker
Buyer's Agent
Mike Antoun
West Shores Realty, Inc.
List Price
$819,999
Sold Price
$740,000
Premium/Discount to List
-$79,999
-9.76%
Views
27
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Outstanding Balance
$434,106
Interest Rate
6.45%
Mortgage Type
New Conventional
Estimated Equity
$366,762
Purchase Details
Listed on
Mar 8, 2021
Closed on
Jun 15, 2021
Sold by
Sahab Llc
Bought by
Marshall Ashley Nicole
Seller's Agent
Michael Mehdizadeh
Andrew C. Lee
Buyer's Agent
Hammed Animashaun
KW Advisors
List Price
$695,000
Sold Price
$640,000
Premium/Discount to List
-$55,000
-7.91%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.55%
Original Mortgage
$628,408
Interest Rate
2.9%
Mortgage Type
FHA
Purchase Details
Listed on
Jun 5, 2017
Closed on
Jun 27, 2017
Sold by
Fregoso Umana Jose I and Fregoso Arroyo Adalbert
Bought by
Sahab Llc
Seller's Agent
Paula Arroyo
Excellence RE Real Estate, Inc.
Buyer's Agent
Errol Spiro
Miller & Desatnik Realty Co.
List Price
$485,000
Sold Price
$425,000
Premium/Discount to List
-$60,000
-12.37%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.95%
Purchase Details
Listed on
Oct 5, 2015
Closed on
Dec 17, 2015
Sold by
Umana Jose I
Bought by
Arroyo Adalbert Fregoso
Seller's Agent
Rhonda Payne
Rodeo Realty- Brentwood
Buyer's Agent
Jose Fregoso
Estate Properties
List Price
$401,000
Sold Price
$325,000
Premium/Discount to List
-$76,000
-18.95%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.63%
Original Mortgage
$220,000
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Oct 5, 2015
Closed on
Dec 10, 2015
Sold by
Castine Vanessa A and Castine Deborah D
Bought by
Umana Jose I
Seller's Agent
Rhonda Payne
Rodeo Realty- Brentwood
Buyer's Agent
Jose Fregoso
Estate Properties
List Price
$401,000
Sold Price
$325,000
Premium/Discount to List
-$76,000
-18.95%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 22, 2005
Sold by
Castine Modestine
Bought by
Castine Modestine and Modestine Castine Trust
Similar Homes in Los Angeles, CA
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Chicago Title Company | |
| Grant Deed | $740,000 | Pacific Coast Title | |
| Grant Deed | $640,000 | North American Title Company | |
| Grant Deed | $425,000 | Progressive Title | |
| Grant Deed | $52,500 | Old Republic Title Company | |
| Grant Deed | $325,000 | Progressive Title | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $444,000 | New Conventional | |
| Previous Owner | $628,408 | FHA | |
| Previous Owner | $220,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/31/2023 03/31/23 | Sold | $740,000 | -9.8% | $374 / Sq Ft |
| 03/16/2023 03/16/23 | Pending | -- | -- | -- |
| 03/03/2023 03/03/23 | For Sale | $819,999 | +28.1% | $415 / Sq Ft |
| 06/23/2021 06/23/21 | Sold | $640,000 | -7.9% | $324 / Sq Ft |
| 04/30/2021 04/30/21 | Pending | -- | -- | -- |
| 03/08/2021 03/08/21 | For Sale | $695,000 | +63.5% | $352 / Sq Ft |
| 07/17/2017 07/17/17 | Sold | $425,000 | -12.4% | $215 / Sq Ft |
| 06/05/2017 06/05/17 | For Sale | $485,000 | +49.2% | $245 / Sq Ft |
| 12/21/2015 12/21/15 | Sold | $325,000 | -19.0% | $165 / Sq Ft |
| 12/05/2015 12/05/15 | Pending | -- | -- | -- |
| 10/05/2015 10/05/15 | For Sale | $401,000 | -- | $204 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $9,457 | $754,800 | $306,000 | $448,800 |
| 2023 | $8,388 | $665,856 | $468,180 | $197,676 |
| 2022 | $8,004 | $652,800 | $459,000 | $193,800 |
| 2021 | $5,631 | $446,750 | $315,353 | $131,397 |
| 2020 | $5,683 | $442,170 | $312,120 | $130,050 |
| 2019 | $5,468 | $433,500 | $306,000 | $127,500 |
| 2018 | $5,384 | $425,000 | $300,000 | $125,000 |
| 2016 | $4,141 | $325,000 | $130,000 | $195,000 |
| 2015 | $644 | $31,566 | $12,621 | $18,945 |
| 2014 | $674 | $30,948 | $12,374 | $18,574 |
Source: Public Records
Agents Affiliated with this Home
-
Juan Pena
Seller's Agent in 2023
Juan Pena
Real Broker
(323) 632-9904
1 in this area
37 Total Sales
-
Mike Antoun
Buyer's Agent in 2023
Mike Antoun
West Shores Realty, Inc.
(310) 345-0007
1 in this area
14 Total Sales
-
Michael Mehdizadeh
Seller's Agent in 2021
Michael Mehdizadeh
Andrew C. Lee
(310) 466-9580
1 in this area
8 Total Sales
-
Andrew Lee
A
Seller Co-Listing Agent in 2021
Andrew Lee
Andrew C. Lee
(213) 625-1629
1 in this area
11 Total Sales
-
H
Buyer's Agent in 2021
Hammed Animashaun
KW Advisors
-
Paula Arroyo
P
Seller's Agent in 2017
Paula Arroyo
Excellence RE Real Estate, Inc.
(562) 644-1462
24 Total Sales
Map
Source: The MLS
MLS Number: 23-246523
APN: 5110-013-009
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© 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.
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