Property listed by Lyon Stahl Investment Real Estate, Inc., Brandon Evans 310-425-9838
$850,000
We are pleased to present 625 E 50th Street, a value add 7-unit investment opportunity with approximately 99% 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. The… Read More property will be delivered fully occupied with a gross monthly income of $6,548, or $78,577 annually. The opportunity will yield a savvy investor with a low basis ($121,429 per unit) with huge upside potential (approx. 99%).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 $2,289. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
7
Square Ft.
4,242
Lot Size
0.15 Acres
Year Built
1925
MLS Number
26650153
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1925, Living area: 4242.0, 2 buildings, 2 stories, Levels: MultiSplit
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross Income: $78,577, Net Operating Income: $42,824
Lot
0.1517 acres
Parking
None
Taxes
Parcel Number: 5108011028, 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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