709 East 49th Street Los Angeles, CA ^$ 580,000

709 East 49th Street

^$ 580,000

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709 East 49th Street

Los Angeles, CA, 90011

^$ 580,000

Studio Baths0.0 Sq 1,940

Monthly Estimate*

^$ 4,051

709 East 49th Street, Los Angeles, CA 90011 - Image 1

709 East 49th Street, Los Angeles, CA 90011 - Image 2

709 East 49th Street, Los Angeles, CA 90011 - Image 3

709 East 49th Street, Los Angeles, CA 90011 - Image 4

709 East 49th Street, Los Angeles, CA 90011 - Image 5

709 East 49th Street, Los Angeles, CA 90011 - Image 6

709 East 49th Street, Los Angeles, CA 90011 - Image 7

Studio

Multi-Family Home for sale in Los Angeles, CA

for $580,000. This 1,940 square foot home was built in 1895 on a lot size of 0.15.

This 2-unit fully occupied investment property has beautiful architecture, charm, and curb appeal and is located on a safe street across from an elementary school. 5.25% cap rate on current rents at asking price, and a below market $290k per unit and $298 per RSF. Great combination of in-place cash flow, along with value-add / rental upside potential for a first-time investor. Great mix of a detached front 3 Bed/1 Bath house, and a 2 Bed/1 Bath unit in the back, and on-site parking for both units. Low operating expenses as both units pay for gas, electricity and trash, and each have their own in-unit water heaters. Located exactly 2 miles away from Exposition Park as tenants get to enjoy close proximity to BMO Stadium, LA Coliseum, the new $1B George Lucas Museum, California Science Center and Natural History Museum. Both units will be delivered occupied at closing -- no vacancies.

Multi-Family Contingent

Price

^$ 580,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.15

Year Built

1895

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024367197

Features

General

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Zoning LAR2

Year Built 1895

Tenant Pays Electricity Trash Collection Gas

Levels One

County Los Angeles

Net Operating Income 30271.0

New Construction No

Property Type C

HOA / Comm Assn No

Contingency Active Under Contract

Status Active Under Contract

City Los Angeles

Buyer Agent Compensation 2.50

Senior Community Y/N No

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 6599.0

Street Name 49th

Standard Status Active Under Contract

Buyer Agent Compensation Type %

Exterior

Parking Features Assigned

Lot Size Area 6599.0

Building Area Total 1940.0

Lot Size Acres 0.15

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Total Stories 1

Common Walls No Common Walls

Heating Y/N Yes

Street Suffix Street

Total Baths 0

* Excluded Features

List By

Jonathan Rawson

Listing Agent

Avenue Realty Group

Broker

Affordability Calculator

$4,051

Per Month

Monthly Principal & Interest: $4,051
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% 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 ^$1,979,653

Percent of Sale Price 241%

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.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/11/2024	$580,000		Listed Price

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709 East 49th Street, Los Angeles, CA, 90011 is a Multi-Family Home for sale at $580,000 with 1,940 sqft and a lot size of 0.15. 709 East 49th Street is a studio with 0.0 baths and was built in 1895. 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 7.49% 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/3/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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709 East 49th Street

Multi-Family Home for sale in Los Angeles, CA

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