1762 W 48th St Los Angeles, CA 90062
Vermont Square Neighborhood
7
Beds
4
Baths
2,624
Sq Ft
7,501
Sq Ft Lot
Highlights
- Wood Flooring
- Cooling System Mounted To A Wall/Window
- Detached Carport Space
- No HOA
- Laundry Room
- Family Room
About This Home
As of October 2021Recently remodeled. R2 zoning and Huge lot. Tenant occupied. This Craftsman style has 2 detached homes. Front house is 5 bedrooms and 2.25 bathrooms with loads of craftsman charm a formal living room, formal dining room, spacious kitchen with stainless steel appliances, beautiful wood encased walls, new paint, new windows and new wall window AC. In addition, it has a basement with loads of storage space and a new sprinkler system. The rear home has 2 upstairs beds and 1 bath. Both Units are separately meters including electric, gas and water. Each house has own garage, driveway parking and own yard. Home is perfect for an investor looking for a cash flow rental. Current rental income approx $4900 per month. Minutes from the Expo Line, train station, DTLA,USC, and much more. Hurry this one won't last. Tenants pay ALL utilities. 1762 W. 48 St and 4814 S. St. Andrew Place
Last Agent to Sell the Property
Titan One Real Estate License #01526442 Listed on: 08/17/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,092
Year Built
- Built in 1910
Lot Details
- 7,501 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
- Detached Carport Space
- Parking Available
- Driveway
Home Design
- Duplex
- Shingle Roof
Interior Spaces
- 2,624 Sq Ft Home
- 2-Story Property
- Family Room
- Living Room with Fireplace
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Sewer Paid
Listing and Financial Details
- Legal Lot and Block 16 / 1
- Assessor Parcel Number 5016025016
- $458 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $720
- Insurance Expense $900
- Professional Management Expense $2,321
- New Taxes Expense $8,750
- Operating Expense $12,691
- Gross Income $58,044
- Net Operating Income $55,722
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 17, 2021
Closed on
Oct 5, 2021
Sold by
2210 Wall Llc
Bought by
Islam Mohammad N
Seller's Agent
Phyllis Lu
Titan One Real Estate
Buyer's Agent
Mohammad Ali
Eagles Mortgage Company Inc.
List Price
$850,000
Sold Price
$850,000
Total Days on Market
16
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
$130,999
Avg. Annual Appreciation
3.85%
Original Mortgage
$400,000
Interest Rate
2.8%
Purchase Details
Listed on
Aug 17, 2021
Closed on
Sep 3, 2021
Sold by
Nahar Kamrun
Bought by
Islam Mohammad N
Seller's Agent
Phyllis Lu
Titan One Real Estate
Buyer's Agent
Mohammad Ali
Eagles Mortgage Company Inc.
List Price
$850,000
Sold Price
$850,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
2.8%
Purchase Details
Listed on
Aug 27, 2019
Closed on
Feb 11, 2020
Sold by
Dennis Don R and Geneva T James Trust
Bought by
2210 Wall Llc
Seller's Agent
Will Wheaton
Will Wheaton Real Estate
Buyer's Agent
Phyllis Lu
Titan One Real Estate
List Price
$699,997
Sold Price
$630,000
Premium/Discount to List
-$69,997
-10%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.90%
Purchase Details
Closed on
Apr 22, 2005
Sold by
James Geneva
Bought by
James Geneva T and Geneva T James 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 | $850,000 | Wfg National Title Company | |
| Interfamily Deed Transfer | -- | Wfg National Title Company | |
| Grant Deed | $630,000 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $398,000 | New Conventional | |
| Closed | $400,000 | No Value Available | |
| Closed | $400,000 | New Conventional | |
| Previous Owner | $130,000 | New Conventional | |
| Previous Owner | $125,990 | New Conventional | |
| Previous Owner | $141,000 | Unknown | |
| Previous Owner | $140,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/07/2021 10/07/21 | Sold | $850,000 | 0.0% | $324 / Sq Ft |
| 09/02/2021 09/02/21 | Pending | -- | -- | -- |
| 08/17/2021 08/17/21 | For Sale | $850,000 | +34.9% | $324 / Sq Ft |
| 02/14/2020 02/14/20 | Sold | $630,000 | -10.0% | $240 / Sq Ft |
| 02/09/2020 02/09/20 | Pending | -- | -- | -- |
| 08/27/2019 08/27/19 | For Sale | $699,997 | -- | $267 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $11,092 | $884,340 | $728,280 | $156,060 |
| 2023 | $10,885 | $867,000 | $714,000 | $153,000 |
| 2022 | $10,391 | $850,000 | $700,000 | $150,000 |
| 2021 | $7,942 | $636,526 | $464,765 | $171,761 |
| 2020 | $7,803 | $612,000 | $448,800 | $163,200 |
| 2019 | $894 | $44,110 | $25,021 | $19,089 |
| 2018 | $757 | $43,246 | $24,531 | $18,715 |
| 2016 | $697 | $41,569 | $23,579 | $17,990 |
| 2015 | $689 | $40,945 | $23,225 | $17,720 |
| 2014 | $707 | $40,144 | $22,771 | $17,373 |
Source: Public Records
Agents Affiliated with this Home
-
Phyllis Lu
P
Seller's Agent in 2021
Phyllis Lu
Titan One Real Estate
(626) 229-2268
1 in this area
46 Total Sales
-
Mohammad Ali
M
Buyer's Agent in 2021
Mohammad Ali
Eagles Mortgage Company Inc.
(323) 698-5548
3 in this area
18 Total Sales
-
Will Wheaton
Seller's Agent in 2020
Will Wheaton
Will Wheaton Real Estate
(213) 445-2277
26 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR21176848
APN: 5016-025-016
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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. Properties may or may not be listed by the office/agent presenting the information
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