687 E 49th
Los Angeles, CA, 90011 $ 849,000
Baths1.0 Sq 3,000 Monthly Estimate*
$ 5,227
Studio for $849,000 with 1 full bath. This 3,000 square foot home was built in 1910 on a lot size of 0.1515.
E 49th Street presents an exceptional turnkey triplex opportunity in a centrally located pocket near Downtown Los Angeles, ideal for both investors and owner-occupants. The third unit was built completely ground-up within the last year, offering modern construction, updated systems, and long-term peace of mind. The front and middle units have been tastefully remodeled with contemporary finishes and functional layouts leaving a bit of room for some cosmetic updates, creating a clean, well-maintained property where you won’t need to lift a finger on repairs. The property produces strong, reliable rental income, including a few long-term tenants that provide stability and consistent cash flow from day one. The location offers outstanding accessibility and convenience, situated just minutes from Downtown LA, the thriving Arts District, USC, LA Live, Crypto.com Arena, BMO Stadium, Exposition Park, and the Fashion District. The surrounding area continues to experience growth driven by nearby employment hubs along the Alameda Corridor, as well as expanding dining, coffee, brewery, entertainment, and creative business spaces throughout the Arts District. With easy access to the 10, 110, 5, and 101 freeways, commuting throughout Los Angeles is seamless, making this a highly desirable rental location. This is a rare opportunity to acquire a low-maintenance, income-producing asset in a high-demand market with strong long-term upside.
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FeaturesGeneralSewer Unknown
Cooling Ductless Heat Pump
Garage Spaces 0
Pool Features None
Year Built 1910
Tenant Pays All Utilities
Property Subtype Triplex
Gross Income 72600
Community Features Street Lights Urban
County Los Angeles
Net Operating Income 65540
Operating Expense 7060
Insurance Expense 760
New Construction false
Property Type Residential Income
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Avalon & Vernon
City Los Angeles
Entry Location 1
Senior Community Y/N false
Number Of Units Total 3
MLS Area C42 - Downtown L.A.
Lot Size Units Square Feet
Lot Size Square Feet 6598
Listing Terms Cash Conventional 1031 Exchange FHA
Property Attached Y/N false
Land Lease Y/N false
Trash Expense 0
Water Sewer Expense 300
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Estimated
Tax Lot 32
Property Sub Type Additional Triplex
Cap Rate 7.72
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InteriorFireplace Features None
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N true
Fireplace Y/N false
Laundry Features Washer Hookup Outside
Entry Level 1
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ExteriorParking Features Gated Paved
Lot Features 2-5 Units/Acre
Water Source Public
Total Parking 0
Lot Size Area 6598
Number of Buildings 3
Building Area Total 3000
Lot Size Acres 0.1515
Private Pool false
Lot Size Source Estimated
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
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* Excluded FeaturesList Byinfo@collinrealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,227
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,838,386
Percent of Sale Price 117%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/12/2026 | $849,000 | | Listed Price |