$1,050,000

714 E 48th St Los Angeles, CA 90011

South Park Neighborhood

Estimated payment $6,928/month

Total Views 375
2 Beds
1 Bath
4,525 Sq Ft
$232 Price per Sq Ft

About This Home

This offering includes five apartments, each featuring two bedrooms and one bathroom, along with six open parking spaces located at the rear of the property. This setup presents an attractive yield potential. The property is conveniently situated just blocks away from three parks and George Washington Carver Middle School, making it central to various neighborhood amenities. The property can be purchased individually or in conjunction with the following listings:- 317 East 80th Street, Los Angeles, CA 90003 (2 units) - 831-833 West 97th Street, Los Angeles, CA 90044 (5 units) - 949-955 West 82nd Street, Los Angeles, CA 90044 (6 units) - 1160 East 47th Street, Los Angeles, CA 90011 (2 units) - 2809 West 141st Place, Gardena, CA 90249 (6 units) - 5846 Estrella Avenue, Los Angeles, CA 90044 (4 units) - 7100 South Figueroa, Los Angeles, CA 90003 (2 units)

Listing Agent

Mike Marcu

Mike Marcu, Broker Brokerage Phone: 949 688 1224 License #00919594

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,602 Sq Ft Lot
  • Two or More Common Walls
  • Density is 21-25 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 4,525 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 23 / B
  • Tax Tract Number 10
  • Assessor Parcel Number 5108010030

Community Details

Overview

  • 5 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $900
  • Fuel Expense $400
  • Insurance Expense $3,250
  • Maintenance Expense $2,500
  • Other Expense $1,050
  • Trash Expense $2,200
  • Water Sewer Expense $2,200
  • New Taxes Expense $13,596
  • Operating Expense $26,097
  • Gross Income $82,104
  • Net Operating Income $56,007

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • CapRate: 5.33
  • Price Per Unit: 210000
  • Property Attached: Yes
  • Water Sewer Expenses: 2200.00
  • Zoning: LAR2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5108010030
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 232.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 2200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 6602.00
  • Lot Size Acres: 0.1516

Multi Family

  • Electric Expense: 900.00
  • Fuel Expense: 400.00
  • Gross Operating Income: 82104.00
  • Gross Scheduled Income: 82104.00
  • Insurance Expense: 3250.00
  • Lot Size Area: 6602.0000 Square Feet
  • Maintenance Expense: 2500.00
  • Net Operating Income: 56007.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 26097.00
  • Other Expense: 1050.00
  • Other Expense Description: Misc.
  • Rent Control: Yes
  • Total Expenses: 26097.00

Tax Info

  • New Taxes Expense: 13596.00
  • Tax Block: B
  • Tax Census Tract: 2292.00
  • Tax Lot: 23
  • Tax Tract Number: 010

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2025 05/26/25 For Sale $1,050,000 -- $232 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25117087

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90011 South Park

714 E 48th St, Los Angeles, CA

Homes for Sale in Los Angeles, CA

This home is located at 714 E 48th St, Los Angeles, CA 90011 and is currently priced at $1,050,000, approximately $232 per square foot. This property was built in 1964. 714 E 48th St is a home located in Los Angeles County with nearby schools including Forty-Ninth Street Elementary School, George Washington Carver Middle School, and Thomas Jefferson Senior High School.

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California Regional Multiple Listing Service (CRMLS) 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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Mike Marcu
Listing Agent
Mike Marcu
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Mike Marcu, Broker
(562) 260-0940