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$ 850,000
Est. payment /mo
New
625 E 50th ST Los Angeles, CA 90011
7 Beds
7 Baths
4,242 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,242 sqft
Price per Sqft $200
MLS Listing ID 26106376
Bedrooms 7
HOA Y/N No
Year Built 1925
Lot Size 6,608 Sqft
Property Description
We are pleased to present 625 E 50th Street, a value add 7-unit investment opportunity with approximately 80% rental upside in South Los Angeles, CA. The property is comprised of two detached structures totaling 4,242 SF with a unit mix of all (7) 1 bed / 1 Bath units. There are currently no Section 8 tenants in-place with an average current rent of $1,026 (upon lease up of vacant 1 bed, bath). The property will be delivered with one (1) vacancy and projected gross monthly income of $7,184, or $86.204 annually. The opportunity will yield a savvy investor with a low basis ($121,429 per unit) with huge upside potential (approx. 80%). 625 E 50th Street is centrally located just east of Avalon Boulevard , South Park Recreation Center, and the 110 freeway with easy access to Downtown LA, South Bay, USC, LAX, and SoFi Stadium. South Los Angeles has seen significant growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average 1-bedroom market rents reaching $1,800-$2,100 and HACLA vouchers currently at $1,980. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Refrigerator
Exterior
Parking Features None
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5108011028
Special Listing Condition Standard
Listed by Brandon Evans Lyon Stahl Investment Real Estate, Inc. #02058494
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