Back to Search Nalren

Sold for $740,000 · Mar 2023

SOLD

Listed at $819,999

Sold

139 W 48th Street, Los Angeles, CA 90037

Los Angeles, CA

MLS# 23246523

1,976 Sq Ft • Property3bd • 4ba
13 days on market

Listing Agent

Juan Pena

Listing Agent

Compass

DRE #: 01883397

Brokerage: Compass

Property Details

3

Bedrooms

4

Bathrooms

1,976 sqft

Square Feet

1912

Year Built

4,744 sqft

Lot Size

$374

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

Property

Property Type

Description

Introducing a prime investment opportunity located just minutes away from USC and Downtown. This four-unit building consists of three 1-bedroom, 1-bathroom units and one studio, providing multiple rental options. Some units have received minor updates, with one unit boasting an updated kitchen, flooring, paint, and lighting.This property presents an incredible add-value opportunity with huge upside on rents. Additionally, the city may allow for the construction of two additional units, further increasing the property's value. Conveniently located near freeways, this property offers easy access to all the amenities and attractions that the city has to offer. This is an exceptional opportunity for seasoned investors looking to add to their portfolio or for first-time buyers who want to consider leaving in a unit. Don't miss out on the chance to capitalize on this prime investment property.

Listing description from the March 2023 sale, as reported to CRMLS.

Sale history for 139 W 48th Street

4 recorded sales

$740,000
Sold March 2023 · listed $819,999, on market March 2023, 13 days on market · MLS #23246523 · Source: CRMLS
Listing Agent: Juan Pena · Listing Office: Compass · Contact: 310-652-6285 · Bought with: Mike Nader Antoun · KW Advisors
$640,000
Sold June 2021 · listed $695,000, on market March 2021, 52 days on market · MLS #21703050 · Source: CRMLS
Listing Agent: Moussa Mehdizadeh · Listing Office: Andrew C. Lee · Contact: 213-625-1629 · Bought with: Hammed Animashaun · Keller Williams-Santa Monica
$425,000
Sold July 2017 · listed $485,000, on market June 2017, 14 days on market · MLS #DW17123814 · Source: CRMLS
Listing Agent: Paula Arroyo · Listing Office: VIP Real Estate Firm · Contact: 562-231-3333 · Bought with: Errol Spiro · Miller & Desatnik Realty Co.
$325,000
Sold December 2015 · listed $344,900, orig. $401,000, on market October 2015, 55 days on market · MLS #15948141 · Source: CRMLS
Listing Agent: Rhonda Payne · Listing Office: Rodeo Realty- Brentwood · Contact: 310-873-4100 · Bought with: Jose Fregoso · RE/MAX ESTATE PROPERTIES

How this sale compares

139 W 48th Street sold for $740,000 in March 2023, 9.8% under its $819,999 list price, after 13 days on the market. That works out to $374 per square foot on 1,976 square feet. Across 91 closed sales in 90037 over the last 12 months, the median sold price is $715,000 and the median is $444 per square foot, 19% above this sale's $374. 3-bedroom rentals in 90037 currently list at a median of $3,400 a month (6 listings).

$374
This sale, per sq ft
$444
90037 median per sq ft (12 mo)
$715,000
90037 median sold price (12 mo)
91
Closed sales in 90037 (12 mo)
13
Days on market
−9.8%
Sold vs. list price
QuarterClosed sales in 90037Median sold price
Q1 20267$645,000
Q2 202643$720,000
Q3 202629$720,000
Q4 202612$707,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Los Angeles · Homes for sale in 90037

Recent sales near 139 W 48th Street

Closed sales reported in 90037, nearest first, last 12 months. All recent sales in Los Angeles →

Explore Los Angeles

Homes for sale in Los Angeles Recently sold in Los Angeles Homes for sale in 90037 All California homes

CRMLS

MLS# 23246523

Listed: 3/3/2023

© 2026 California Regional Multiple Listing Service, Inc. Based on information from the California Regional Multiple Listing Service, Inc. as of 3/31/2023. 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 deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Compass

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.