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

709 E 49th Street

^$ 580,000

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709 E 49th Street

Los Angeles, CA, 90011

^$ 580,000

Bedrooms5 Baths2.0 Sq 1,940

Monthly Estimate*

^$ 4,051

Listed by Avenue Realty Group

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

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

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

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

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

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

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

Multi-Family Home for sale in Los Angeles, CA

for $580,000 with 5 bedrooms and 2 full baths. This 1,940 square foot home was built in 1895 on a lot size of 0.1515.

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 Active

Price

^$ 580,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1515

Year Built

1895

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24367197

Days on Market

Features

General

Interior Features CeilingFans

Heating WallFurnace

Zoning LAR2

Year Built 1895

Tenant Pays Electricity Gas TrashCollection

Stories 1

Levels One

Gross Income 45168.0

County Los Angeles

Net Operating Income 30271.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status ActiveUnderContract

Directions South of Vernon West of Central East of San Pedro

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 2

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 6599.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 49th

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 22

Standard Status ActiveUnderContract

Cap Rate 5.22

Exterior

Parking Features Assigned

Total Parking 2.0

Lot Size Area 6599.0

Number of Buildings 2

Spa N

Building Area Total 1940.0

Lot Size Acres 0.1515

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Street

Total Bedrooms 5

Electric On Property Y/N N

Total Baths 2

Internal Only

Street Number 1 709

* Excluded Features

List By

Avenue Realty Group

Broker

(310) 869-9137

Phone

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 ^$2,002,074

Percent of Sale Price 245%

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.

273443 Elementary School

272636 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 E 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 0.1515. 709 E 49th Street has 5 bedrooms, 2.0 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 Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/30/2024. 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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709 E 49th Street

Multi-Family Home for sale in Los Angeles, CA

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