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1500 W 50Th St, Los Angeles, CA 90062
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1500 W 50Th St Los Angeles, CA 90062

$815,000
  • 6 Beds
  • 3 Baths
  • 2,047 Sq.Ft.
For Sale
$815,000 Get Pre-Qualified
Map preview of 1500 W 50Th St, Los Angeles, CA 90062

Property Overview: 1500 W 50Th St Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,047 living square feet and 5,791 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Great opportunity to own a income property for the price of a single-family home! This well-maintained, remodeled property sits on a large corner lot and features a 4-bedroom, 2-bathroom front house and a 2-bedroom, 1-bathroom separate unit in the back. Both units are fully tenant-occupied with long-term, stable tenants, providing immediate rental income. The property is gated for privacy and includes ample parking. Conveniently located near schools, USC, Bank of California Stadium, museums, downtown LA, shopping centers, grocery stores, restaurants, coffee shops, and parks, with easy access to major freeways. This is a fantastic investment opportunity with low maintenance costs and great potential for rental upside in a highly metropolitan area. Ideal for seasoned investors or first-time buyers looking to start collecting income right away!

Listed by Mark Perez | BRE #01279393 | Circle Real Estate
Co-listed by Gabriel Mejorado | BRE #02113110 | Circle Real Estate
Last checked: 1 minute ago | Last updated: September 6th, 2024 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
5,791
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Duplex
Status
Active
MLS#
RS24179618
City
Los Angeles
County
Los Angeles
Time on Site
14 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,284
  • Total Rent: --
  • Pro Forma/Market Rent: $4,320
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,334
  • Total Rent: --
  • Pro Forma/Market Rent: $3,052
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $43,416
  • Net Operating Income: $32,925
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $10,491
  • Electric: $3,600
  • Gas/Fuel: $0
  • Trash: $1,400
  • Insurance: $0
  • Water/Sewer: $5,000

Open Houses for 1500 W 50Th St

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Property Details for 1500 W 50Th St

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • See Remarks
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5016034015
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Dalton Ave and 50th St
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1500 W 50Th St

Last sold for $418,000 on May 25th, 2014

  • September, 2024

  • Sep 5, 2024

    Date

    Active

    CRMLS: RS24179618

    $815,000

    Price

  • January, 2020

  • Jan 30, 2020

    Date

    Canceled

    CRMLS: IN19104681

    $665,000

    Price

  • Jan 23, 2020

    Date

    Hold

    CRMLS: IN19104681

    $665,000

    Price

  • Jan 5, 2020

    Date

    Price Change

    CRMLS: IN19104681

    $665,000

    Price

  • May 6, 2019

    Date

    Active

    CRMLS: IN19104681

    $617,500

    Price

  • Listing provided courtesy of CRMLS

    Great Opportunity to own a Bread and Butter Income Property for the price of a Single Family home! Large corner lot consisting of a remodeled 4 bedroom / 2 bath front house and a remodeled 2 bedroom / 1 bath separate unit in the back. Ample parking. Property fully-occupied with long term stable tenants. Start collecting income right away! PROPERTY SOLD TENANT-OCCUPIED. WILL NOT BE DELIVERED VACANT! This property is gated for privacy and is priced to sell! Conveniently located close to schools, USC, Banc of California Stadium, museums, downtown LA, shopping centers, grocery stores, restaurants, coffee shops, parks, easy access to major freeways. Well maintained property with low maintenance and long-term tenants that always pay their rent on time. Great for seasoned investor or first time buyer. Great upside rental potential in this highly metropolitan location! Please do not disturb tenants. Listing info deemed reliable but not guaranteed. No warranties expressed or implied. Buyer to verify and satisfy on all aspects of the property such as, but not limited to permits, bed/bath count, square footage, legality, etc.

  • January, 2020

  • Jan 1, 2020

    Date

    Expired

    CRMLS: IN19004924

    $650,000

    Price

  • Apr 26, 2019

    Date

    Withdrawn

    CRMLS: IN19004924

    $650,000

    Price

  • Mar 30, 2019

    Date

    Active

    CRMLS: IN19004924

    $650,000

    Price

  • Mar 16, 2019

    Date

    Pending

    CRMLS: IN19004924

    $650,000

    Price

  • Feb 25, 2019

    Date

    Price Change

    CRMLS: IN19004924

    $650,000

    Price

  • Jan 10, 2019

    Date

    Active

    CRMLS: IN19004924

    $665,500

    Price

  • Listing provided courtesy of CRMLS

    Great Opportunity to own a Bread and Butter Income Property for the price of a Single Family home! Large corner lot consisting of a remodeled 4 bedroom / 2 bath front house and a remodeled 2 bedroom / 1 bath separate unit in the back. Ample parking. This property is gated for privacy and is priced to sell! Conveniently located close to schools, USC, Banc of California Stadium, museums, downtown LA, shopping centers, grocery stores, restaurants, coffee shops, parks, easy access to major freeways. Well maintained property with low maintenance and long-term tenants that always pay their rent on time. Start collecting income right away! Great for seasoned investor or first time buyer. Great upside rental potential in this highly metropolitan location! Please do not disturb tenants. Listing info deemed reliable but not guaranteed. No warranties expressed or implied. Buyer to verify and satisfy on all aspects of the property such as, but not limited to permits, bed/bath count, square footage, legality, etc.

  • May, 2014

  • May 8, 2014

    Date

    Sold (Public Records)

    Public Records

    $418,000

    Price

  • March, 2014

  • Mar 9, 2014

    Date

    Price Change

    CRMLS: PW14048304

    $399,900

    Price

  • Listing provided courtesy of CRMLS

    This HUGE amazing Duplex fully remodeled all new everything! Great owner occupied opportunity or investor keeper! This is a must see and won't last at this Price. Property is Vacant rents are estimated.

  • February, 2014

  • Feb 14, 2014

    Date

    Sold (Public Records)

    Public Records

    $298,000

    Price

Show More

Tax History for 1500 W 50Th St

Assessed Value (2020): $540,132
Year Land Value Improved Value Assessed Value
2020 $280,221 $259,911 $540,132

Home Value Compared to the Market

This property vs the competition

1500 W 50Th St is listed 32.08% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $398.14 per/sqft which puts the price per square foot 48.16% lower than the median price per square foot for the city of Los Angeles.

About 1500 W 50Th St

Detailed summary of property

1500 W 50Th St is a duplex located in Los Angeles, CA 90062 and is currently for sale. This duplex offers 6 bedrooms, 3 bathrooms, roughly 2,047 living square feet, and sits on an approximately 5,791 square foot lot. 1500 W 50Th St was first listed on ArdentRealEstateGroup.com on September 4, 2024. The homeowner is currently asking $815,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 32.08% lower than the median priced home. Local competing homes currently for sale include 5300 Ruthelen St, 5300 Ruthelen St and 5419 S St Andrews Pl. While the average home in Los Angeles, CA is selling in 106 days, 1500 W 50Th St has a days on market of 12 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1500 W 50Th St Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1500 W 50Th St

Public county record property details
Beds
4
Baths
3
Year built
1924
Sq. Ft.
2,529
Lot Size
5,789
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5016-034-015

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$850,000
Median List Price/Sq.Ft.
$557
Median Sold Price
$645,000
Median Sold Price/Sq.Ft.
$477
Total Inventory
42
Median Sale to List Price %
104.88%
Avg Days on Market
19
Loan Type
Conventional (12.5%), FHA (25%), VA (0%), Cash (37.5%), Other (12.5%)

Tour This Home

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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