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    762 E 50th St

    Los Angeles, CA 90011
    • $1,575,000
    • STATUS: Active
    • ON SITE: 57 days
    • ID#: 20-609460
    UPDATED: 21 min ago
    $1,575,000
    • 10
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,210
      SQFT
    • $491
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    GROUND-UP RENOVATION COMPLETED 2020: ALL SYSTEMS UPGRADED. Presented for sale is a 5-unit apartment building located in the South Park neighborhood of Los Angeles, CA, just an 8-minute drive to USC. The two structures, both individually metered for gas & electric, consist of an SFR (2 bedroom + 1 bathroom), and a FOURPLEX (one 3 bedroom + 1 bathroom unit, two 2 bedroom + 1 bathroom units, and one 1 bedroom + 1 bathroom unit). UPGRADES INCLUDE NEW: roof, windows, stucco, electrical, plumbing, tankless water heaters, flooring, kitchens, bathrooms, low-maintenance landscaping, security cameras, awnings, a/c units, etc. Fully-occupied, stabilized, strong cash-flow. Some tenants Section 8. Great 1031 Exchange property.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-22T12:42:51.56. 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.
    www.lydiagable.com/homes/108248785
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    762 E 50th St Los Angeles, CA 90011

    • Price: $1,575,000
    • Status: Active
    • Updated: 21 min ago
    • ID#: 20-609460
    10
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,210
    SQFT
    $491
    $/SQFT
    1924
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    GROUND-UP RENOVATION COMPLETED 2020: ALL SYSTEMS UPGRADED. Presented for sale is a 5-unit apartment building located in the South Park neighborhood of Los Angeles, CA, just an 8-minute drive to USC. The two structures, both individually metered for gas & electric, consist of an SFR (2 bedroom + 1 bathroom), and a FOURPLEX (one 3 bedroom + 1 bathroom unit, two 2 bedroom + 1 bathroom units, and one 1 bedroom + 1 bathroom unit). UPGRADES INCLUDE NEW: roof, windows, stucco, electrical, plumbing, tankless water heaters, flooring, kitchens, bathrooms, low-maintenance landscaping, security cameras, awnings, a/c units, etc. Fully-occupied, stabilized, strong cash-flow. Some tenants Section 8. Great 1031 Exchange property.
    Exterior Features

    Exterior Construction Stucco Lot Size Area 6062 Other Structures None Parking Garage None Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Total Parking 5

    Interior Features

    Baths Total 5.00 Cooling Window Unit(S) Equipment None Heating Combination Water Heater Features Tankless

    Property Features

    Alley YN Yes Assessed Total Value 424413 Gross Income 137136 Gross Operating Income 133022 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 97605.00 Number Of Buildings 2 Number Of Units 5 Property Condition New ConstructionAdditions/AlterRepairs MajorRepair CosmeticUpdated/Remodeled Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Total Annual Expense 35417 Type Of Units Multifamily Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning R2

    Listing provided courtesy of Zach Krasman DRE#01814990 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-22T12:42:51.56. 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.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377