$1,095,000
For Sale

533 W 49th Street

Los Angeles, CA 90037
4356 sqft | 10 beds | 0.16 acres | #24451785
Listing OfficeLyon Stahl Investment Real Estate, Inc.
Browse 2 photos
Type:Multi-Family
Structure:House
Zone:Commercial

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.

  • Property Details
      • Property SubtypeResidentialIncome
      • Property TypeMulti-Family
      • CountyLos Angeles
      • Original List Price$1,095,000
      • MLS #24451785
      • MLS #24451785
      • Cost1095000
      • Acres0.156
      • Square Feet4356
      • Year Built1926
      • Bedrooms10

Location

Jessie Espinosa | Century 21 Select Real Estate, TurlockReal Estate Group
$
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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