Property listed by Coldwell Banker Realty, Elanit Ellie Kohansedgh 310-777-6200
$1,600,000
871875 E. 49th Street presents a compelling multi-unit investment opportunity located in a rapidly improving area near USC. The property consists of seven (7) residential units spread across three (3) separate buildings, offering a desirable low-density layout and flexible unit mix.Per title records, the property reflects 7 bedrooms and 7… Read More bathrooms. However, several units have had additional, unpermitted bedrooms added, resulting in a current functional configuration of approximately 11 bedrooms and 7 bathrooms. Select units have been remodeled over time as they became vacant, with improvements varying by unit. The property offers upside potential through continued renovations, stabilization, and optimization of rents. The location is a strong draw for tenants, situated near the University of Southern California, within close proximity to shopping, dining, and public transportation, and positioned in an up-and-coming neighborhood experiencing ongoing investment and redevelopment. This property may be attractive to investors seeking value-add potential in a high-demand rental market. Buyer to conduct their own independent due diligence with respect to unit count, square footage, bedroom configuration, permits, zoning, and any other matters of material importance. Agents and sellers make no representations or warranties, express or implied, regarding the accuracy of information provided rare opportunity to acquire a multi-building asset in a prime infill location with long-term growth prospects. Read Less
Listing Snapshot
Days Online
23
Last Updated
Beds
7
Square Ft.
3,532
Lot Size
0.17 Acres
Year Built
1914
MLS Number
26644433
Additional Details
Building
Built in 1914, Living area: 3532.0, 3 buildings, Levels: One
Cooling
None
Heating
WallFurnace
Income
Gross Income: $104,000, Net Operating Income: $94,837
Interior Features
CeilingFans
Lot
0.1722 acres
Parking
None
Taxes
Parcel Number: 5108020023, Zoning: LAR2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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