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    762 E 50th Street

    Los Angeles (City), CA 90011
    • $1,399,000
    • STATUS: Active Under Contract
    • ON SITE: 128 days
    • ID#: 20609460
    Under Contract
    UPDATED: 45 min ago
    $1,399,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    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 California Regional Multiple Listing Service, Inc. as of 2020-12-02T09:27:38.683. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

    www.legacy15.com/homes/108248524
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    762 E 50th Street Los Angeles (City), CA 90011

    • Price: $1,399,000
    • Status: Active Under Contract
    • Updated: 45 min ago
    • ID#: 20609460
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1924
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - 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

    Construction Materials Stucco Lot Size Dimensions 40X150 Lot Size Source Assessor Lot Size Units Square Feet Parking Features None Parking YN No Pool Features None Pool Private YN No Spa Features None Spa YN No

    Interior Features

    Heating Combination Heating YN Yes

    Property Features

    Additional Parcels YN No Country Us Financial Info As Of 2020-07-24 00:00:00 Gross Income 137136.00 Gross Multiplier 10.20 Gross Operating Income 133022.00 Lot Dimensions Source Assessor Net Operating Income 99805.00 Property Condition Additions/AlterationsRepairs MajorRepairs CosmeticUpdated/Remodeled Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Expenses 33217.00 Vacancy Allowance Rate 0.00 Zoning R2

    Listing provided courtesy of Zach Krasman of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-02T09:27:38.683. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

     
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