1585 E 48th Place Los Angeles, CA ^$ 829,000

1585 E 48th Place

^$ 829,000

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Recently Listed

1585 E 48th Place

Los Angeles, CA, 90011

^$ 829,000

Studio Baths2.0 Sq 2,465

Monthly Estimate*

^$ 5,234

Listed by Yorkshire Realty

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $829,000 with 2 full baths. This 2,465 square foot home was built in 2008 on a lot size of 0.0999.

Welcome to 1585 E 48th Pl. This duplex offers exceptional value and opportunity for investors and first-time home-buyers alike. Built in 2008, this property is not subject to the City of Los Angeles Rent Stabilization Ordinance. The newer construction includes amenities such as central AC and washer dryer hookups in each unit. Two spacious units across 2,465 sq ft of livable space: unit 1583 downstairs is 3 bed 2 bath; unit 1585 upstairs is 3 bed 2 bath. Unit 1585 is rented to a steady long-term tenant. Unit 1583 is vacant and move-in ready. The 4,350 sq ft lot includes a spacious parking lot with carport. The property is conveniently located near schools, parks, shopping, and more. This property is ideal for investors seeking an outstanding 7.3% CAP rate from day one, first-time home-buyers to live in the vacant unit, or developers considering future repositioning.

Multi-Family Active

Price

^$ 829,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.0999

Year Built

2008

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PW26163974

Days on Market

Features

General

Sewer Public Sewer

Heating Central

Cooling Central Air

HOA Fee 0

Garage Spaces 0

Pool Features None

Year Built 2008

Stories Count 2

Levels Two

Property Subtype Duplex

Gross Income 86232

Community Features Curbs Gutter(s) Street Lights Sidewalks Urban

County Los Angeles

Net Operating Income 61244

Operating Expense 24987

Insurance Expense 2400

New Construction false

Property Type Residential Income

HOA false

MaintenanceExpense 2800

Garage Y/N false

Special Listing Conditions Standard

Status Active

Directions E 48th Pl between Compton Ave and Long Beach Ave

City Los Angeles

Entry Location Front

Senior Community Y/N false

Open Parking Spaces 2

Number Of Units Total 2

MLS Area C42 - Downtown L.A.

Lot Size Units Square Feet

Lot Size Square Feet 4350

Carport Spaces 2

Carport Y/N true

Number of Units Leased 1

Listing Terms Conventional

Property Attached Y/N false

Land Lease Y/N false

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 5350

Additional Parcels Y/N false

Rent Control Y/N false

Building Area Units Square Feet

Standard Status Active

Year Built Source Public Records

Tax Lot 81

Property Sub Type Additional Duplex

Taxes 10126

Interior

Flooring Laminate Tile

Fireplace Features None

Total Stories 2

Common Walls No Common Walls

Air Conditioning Y/N true

Heating Y/N true

Fireplace Y/N false

Laundry Features Washer Hookup Gas Dryer Hookup In Kitchen

Entry Level 1

Exterior

Parking Features Assigned Carport

Lot Features 16-20 Units/Acre

Water Source Public

Total Parking 4

Lot Size Area 4350

Number of Buildings 1

Building Area Total 2465

Lot Size Acres 0.0999

Private Pool false

Lot Size Source Public Records

Number of Separate Water Meters 1

Number of Separate Gas Meters 2

Number of Separate Electric Meters 2

* Excluded Features

List By

Yorkshire Realty

Broker

chris@yorkshirere.com

Affordability Calculator

$5,234

Per Month

Monthly Principal & Interest: $5,234
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,838,648

Percent of Sale Price 122%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/13/2026	$829,000		Listed Price

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1585 E 48th Place, Los Angeles, CA, 90011 is a Multi-Family Home for sale at $829,000 with 2,465 sqft and a lot size of 0.0999. 1585 E 48th Place is a studio with 2.0 baths and was built in 2008. The property's zip code is 90011 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 8/17/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1585 E 48th Place

Multi-Family Home for sale in Los Angeles, CA

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