Investor opportunity in the heart of Vermont Square! This Craftsman-style home offers 7 bedrooms and 2 bathrooms across 2,096 sq. ft. of living space, situated on a 6,470 sq. ft. lot. The property is legally a duplex that was converted into a single-family residence at an unknown time, creating a spacious floor plan with one bedroom upstairs and the rest on the main level. The home includes a driveway and garage, plus an additional parcel directly behind the property (APN: 5017-029-043, 1,000 sq. ft.) which is included in the sale. The property needs cosmetic upgrades, a potential floor plan reconfiguration, and possibly a new roof, making it an ideal project for investors seeking value-add potential. Zoned LAR1 and delivered vacant, this home is ready for its next chapter. Conveniently located near USC, Exposition Park, and major freeways, this is a prime opportunity in an up-and-coming neighborhood.
Listed by Mark Perez
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License #01279393
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Circle Real Estate
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562-754-0660
Listed by Gabriel Mejorado
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License #02113110
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Circle Real Estate
Last updated November 19, 2025
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Source: CRMLS #RS25259301
Listing Facts
TypeMulti-family
NeighborhoodVermont Square
Days on Prevu6
Amenities
Parking
Location
Mortgage Calculator
Listing History
11/13/2025
Listed by Circle Real Estate
$699,000
Property Details for 1021 W 48th
Association
Amenities
Community Features: Curbs
Exterior
Construction
Number Of Units Total: 2
Stories: 2
Stories Total: 2
Year Built: 1923
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1
Measurements
Building Area Total: 2,096
Building Area Units: Square Feet
Lot Features: 0-1 Unit/Acre
Lot Size Acres: 0.17
Lot Size Area: 7,470
Lot Size Source: Estimated
Lot Size Square Feet: 7,470
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 5017029007
Interior
Features
Fireplace Features: Living Room
Fireplace: Yes
Other
Location
Tax Block: 16
Tax Lot: 8
Parking
Parking
Garage Spaces: 2
Garage: Yes
Parking Total: 2
Utilities
Equipment
Sewer: Public Sewer
Water Source: Public
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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.