$ 1,095,000
533 W 49th ST Los Angeles, CA 90037
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$ 1,095,000
Est. payment /mo
New
533 W 49th ST Los Angeles, CA 90037
10 Beds
9 Baths
4,356 SqFt
UPDATED:
10/19/2024 12:13 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,356 sqft
Price per Sqft $251
MLS Listing ID 24451785
Bedrooms 10
HOA Y/N No
Year Built 1926
Lot Size 6,795 Sqft
Acres 0.156
Property Description
A two-property portfolio in the heart of South Los Angeles, located at 533 West 49th Street, and 540 West 49th Street, strategically situated directly across the street from each other. The two buildings total nineteen (19) units, with a blended 5.51% CAP rate, allowing new ownership to cashflow once acquiring the properties, while having incredible potential upside in rents, at 51%.The two bungalow style units offer rare courtyard style units for tenants and are situated west of South Figueroa Street and sits south of west Vermont Avenue. 533 West 49th Street is a nine (9) unit building, which features eight (8) one-bedroom/one-bathroom unit, and one (1) two-bedroom unit and is offered at a low $121,000 per unit at the asking price with over 100% rental upside.540 West 49th Street is a ten (10) unit building, which includes a number of recent capital improvements throughout the property, with new roofs, new plumbing, and new electrical systems, while offering strong cash-flow day-one, with a 6.01% CAP rate and 10.5 GRMNestled at the core of South LA, this submarket exudes a captivating blend of historical charm and modern sophistication. Bounded by the 10 and 110 freeways and conveniently accessible via the Metro Expo Line, this neighborhood stands as a vibrant nexus of culture and commerce. The South Los Angeles submarket continues to experience rises in population, employment, property values, and development.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD2
Interior
Heating Wall Furnace
Fireplace No
Exterior
Garage None
Parking Type None
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5018025021
Special Listing Condition Standard
Listed by Sean Namigohar • Lyon Stahl Investment Real Estate, Inc.
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