281 E 48th St Los Angeles, CA 90011
South Park NeighborhoodEstimated payment $4,533/month
About This Home
Income-Producing Duplex with Flexibility in Prime Los Angeles Location! Excellent opportunity to acquire two separate homes on one lot in a high-demand rental area of Los Angeles. Ideal for investors seeking stable income with upside potential, or owner-occupants looking to live in one unit and offset their mortgage. The front unit features a spacious 3-bedroom, 2-bathroom layout, while the rear unit offers a 2-bedroom, 1-bathroom floor plan. With two detached structures, the property provides privacy and flexibility that tenants highly value. Additional highlights include a detached garage and on-site parking, with potential for added value (buyer to verify). Conveniently located near schools, shopping, dining, and major freeways, making it highly desirable for long-term tenants. A versatile investment with strong income potential and future upside in a sought-after Los Angeles location.
Listing Agent
Century 21 Realty Masters Brokerage Phone: 626-601-2291 License #01969917 Listed on: 04/03/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922
Lot Details
- 5,179 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 2 Open Parking Spaces
- 2 Car Garage
Home Design
- Duplex
- Entry on the 11th floor
Interior Spaces
- 1,702 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 23
- Tax Tract Number 1
- Assessor Parcel Number 5109009022
- $367 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- 2 Leased Units
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $252
- Operating Expense $252
- Gross Income $61,044
- Net Operating Income $61,044
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 | $8,506 | $693,600 | $520,200 | $173,400 |
| 2024 | $8,506 | $680,000 | $510,000 | $170,000 |
| 2023 | $5,433 | $423,894 | $312,344 | $111,550 |
| 2022 | $5,186 | $415,583 | $306,220 | $109,363 |
| 2021 | $5,118 | $407,435 | $300,216 | $107,219 |
| 2020 | $5,166 | $403,258 | $297,138 | $106,120 |
| 2019 | $4,969 | $395,352 | $291,312 | $104,040 |
| 2018 | $4,862 | $387,600 | $285,600 | $102,000 |
| 2016 | $3,808 | $303,000 | $93,000 | $210,000 |
| 2015 | $2,958 | $238,598 | $81,942 | $156,656 |
| 2014 | -- | $233,925 | $80,337 | $153,588 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/03/2026 04/03/26 | For Sale | $710,000 | +4.4% | $417 / Sq Ft | |
| 12/20/2023 12/20/23 | Sold | $680,000 | 0.0% | $400 / Sq Ft | View Prior Sale |
| 11/16/2023 11/16/23 | Pending | -- | -- | -- | |
| 11/16/2023 11/16/23 | Price Changed | $680,000 | +0.7% | $400 / Sq Ft | |
| 10/25/2023 10/25/23 | For Sale | $675,000 | 0.0% | $397 / Sq Ft | |
| 09/11/2015 09/11/15 | Rented | $1,939 | -11.9% | -- | |
| 08/10/2015 08/10/15 | For Rent | $2,200 | 0.0% | -- | |
| 07/22/2015 07/22/15 | Sold | $303,000 | -15.8% | $178 / Sq Ft | View Prior Sale |
| 07/09/2015 07/09/15 | Pending | -- | -- | -- | |
| 04/08/2015 04/08/15 | For Sale | $360,000 | -- | $212 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | California Best Title | |
| Grant Deed | $680,000 | California Best Title | |
| Grant Deed | -- | Accommodation | |
| Grant Deed | $303,000 | Fidelity National Title | |
| Grant Deed | $198,000 | Fidelity |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $476,000 | New Conventional | |
| Previous Owner | $194,645 | FHA |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW26072206
APN: 5109-009-022
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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