178 E 49th St Los Angeles, CA 90011
South Park NeighborhoodEstimated payment $5,946/month
Highlights
- RV Access or Parking
- City Lights View
- Craftsman Architecture
- Gated Parking
- Open Floorplan
- Maid or Guest Quarters
About This Home
Back on the market at a NEW Price. 178 E 48th St is one of the strongest investment opportunities in the area. Located just minutes from USC, Exposition Park, and Downtown LA, this triplex is designed like five separate homes on one lot, offering maximum flexibility and income potential. With three gas and electric meters, LARD2 zoning, parking for up to seven cars, and plenty of outdoor space, it’s set up for success. The property will be delivered completely ready for new renters so you can step in and capture today’s market rents without the hassle of tenant negotiations. Nothing else in the neighborhood compares at this value. A true turnkey opportunity for investors or owner-users looking to build.
Listing Agent
Global Premier Properties, Inc. Brokerage Phone: 818-270-8453 License #02017354 Listed on: 03/26/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,824
Year Built
- Built in 1909 | Remodeled
Lot Details
- 6,751 Sq Ft Lot
- No Common Walls
- South Facing Home
- Wrought Iron Fence
- Fence is in average condition
- Back and Front Yard
- Density is up to 1 Unit/Acre
Parking
- 7 Open Parking Spaces
- 2 Car Garage
- Converted Garage
- Parking Available
- Tandem Uncovered Parking
- Combination Of Materials Used In The Driveway
- Gated Parking
- Parking Lot
- RV Access or Parking
Home Design
- Triplex
- Craftsman Architecture
- Split Level Home
- Entry on the 1st floor
- Turnkey
- Combination Foundation
- Shingle Roof
- Asphalt Roof
- Stucco
Interior Spaces
- 2,438 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Recessed Lighting
- Double Pane Windows
- Separate Family Room
- Living Room with Fireplace
- Bonus Room
- City Lights Views
Kitchen
- Gas Range
- Range Hood
- Microwave
- Granite Countertops
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- Jack-and-Jill Bathroom
- Maid or Guest Quarters
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Accessible Home Design
- More Than Two Accessible Exits
- Accessible Parking
Outdoor Features
- Exterior Lighting
- Shed
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Standard Electricity
Additional Features
- Two Homes on a Lot
- Property is near a park
Listing and Financial Details
- Legal Lot and Block 24 / B
- Tax Tract Number 229300
- Assessor Parcel Number 5109004023
- $480 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 3 Units
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $2,200
- Trash Expense $900
- Operating Expense $3,100
- Gross Income $139,200
- Net Operating Income $85,936
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,824 | $376,542 | $144,820 | $231,722 |
| 2024 | $4,824 | $369,160 | $141,981 | $227,179 |
| 2023 | $4,737 | $361,923 | $139,198 | $222,725 |
| 2022 | $4,527 | $354,827 | $136,469 | $218,358 |
| 2021 | $4,460 | $347,871 | $133,794 | $214,077 |
| 2020 | $4,498 | $344,305 | $132,423 | $211,882 |
| 2019 | $4,332 | $337,555 | $129,827 | $207,728 |
| 2018 | $4,214 | $330,937 | $127,282 | $203,655 |
| 2016 | $4,007 | $318,089 | $122,341 | $195,748 |
| 2015 | $3,951 | $313,312 | $120,504 | $192,808 |
| 2014 | $3,981 | $307,176 | $118,144 | $189,032 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/16/2025 08/16/25 | For Sale | $1,049,900 | -8.5% | $431 / Sq Ft |
| 07/20/2025 07/20/25 | Off Market | $1,148,000 | -- | -- |
| 06/23/2025 06/23/25 | Price Changed | $1,148,000 | -0.1% | $471 / Sq Ft |
| 05/23/2025 05/23/25 | Price Changed | $1,149,000 | -4.2% | $471 / Sq Ft |
| 03/26/2025 03/26/25 | For Sale | $1,199,000 | -- | $492 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $260,000 | Fidelity National Title Ins | |
| Grant Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $500,000 | New Conventional | |
| Closed | $432,000 | Fannie Mae Freddie Mac | |
| Closed | $310,500 | Unknown | |
| Previous Owner | $255,983 | FHA | |
| Previous Owner | $190,000 | Seller Take Back |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25066244
APN: 5109-004-023
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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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