533 W 49Th Street, Los Angeles, CA 90037
-
Listed Price :
$1,095,000
-
Beds :
10
-
Baths :
9
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Property Size :
4,356 sqft
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Year Built :
1926
Property 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.
Interior Features
| Bedroom Information |
| Bedrooms |
10 |
| Bathroom Information |
| Bathrooms |
9 |
Listing Information
| Address |
533 W 49Th Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90037 |
| County |
Los Angeles |
| Listing Agent |
Sean Namigohar DRE #01949705 |
| Courtesy Of |
Lyon Stahl Investment Real Estate, Inc. |
| List Price |
$1,095,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
4,356 |
| Lot Size |
6,796 |
| Year Built |
1926 |
Listing information courtesy of: Sean Namigohar, Lyon Stahl Investment Real Estate, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 11th, 2024 at 4:20 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
