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1575 W 50Th St, Los Angeles, CA 90062
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1575 W 50Th St Los Angeles, CA 90062

$620,000 Sold Price as of 01/31/2023
  • 3 Beds
  • 0 Baths
  • 1,918 Sq.Ft.
Sold
$620,000 Sold Price as of 01/31/2023 Refinance Your Mortgage
Map preview of 1575 W 50Th St, Los Angeles, CA 90062

Property Overview: 1575 W 50Th St Los Angeles, CA has 3 bedrooms, -- bathrooms, 1,918 living square feet and 5,109 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Live in one and rent out the other or rent out both for a steady stream of income. The Property features one 1350sq ft house and a Back unit at 562 sq ft. this property has tons of potential for a investor or family this is a rent control area of Los Angles Both Units are currently Rented. This exceptional duplex with endless potential and priced to sell.

Listed by DeVone Richard | BRE #01857383 | Next Real Estate Advisor, Inc.
Co-listed by Joseph Sheu | BRE #02159694 | Next Real Estate Advisor, Inc.
Last checked: 8 minutes ago | Last updated: January 31st, 2023 | Source CRMLS | DOM: 62

Home details

Lot Sq. Ft
5,109
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
IG22212945
City
Los Angeles
County
Los Angeles
Time on Site
729 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $980
  • Total Rent: $980
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $700
  • Total Rent: $700
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $400
  • Gas/Fuel: $0
  • Trash: $500
  • Insurance: $1,500
  • Water/Sewer: $0

Property Details for 1575 W 50Th St

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5016028017
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Between S Western and Denker
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1575 W 50Th St

Last sold for $620,000 on January 31st, 2023

  • January, 2023

  • Jan 31, 2023

    Date

    Sold

    CRMLS: IG22212945

    $620,000

    Price

  • Sep 30, 2022

    Date

    Active

    CRMLS: IG22212945

    $640,000

    Price

Tax History for 1575 W 50Th St

Assessed Value (2020): $273,174
Year Land Value Improved Value Assessed Value
2020 $210,519 $62,655 $273,174

Home Value Compared to the Market

This property vs the competition

1575 W 50Th St sold on January 31, 2023 for 42.86% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $333.68 per/sqft which puts the price per square foot 53.91% lower than the current median sale per square foot for the city of Los Angeles.

About 1575 W 50Th St

Detailed summary of property

1575 W 50Th St is a multi family that recently sold in Los Angeles, CA 90062. This multi family property offered 3 bedrooms, -- bathrooms, roughly 1,918 living square feet, and sits on an approximately 5,109 square foot lot. 1575 W 50Th St was first listed on ArdentRealEstateGroup.com on September 30, 2022. The homeowner sold the property for $620,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 42.86% lower than the current median priced home. Local homes that are currently for sale include 965 W 47Th St, 935 W 54th St and 2716 W 54th St. While the average home in Los Angeles, CA is selling in 106 days, 1575 W 50Th St has a days on market of 62 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1575 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 1575 W 50Th St

Public county record property details
Beds
3
Baths
2
Year built
1921
Sq. Ft.
1,918
Lot Size
5,108
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
91
APN
5016-028-017

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.
$560
Median Sold Price
$645,000
Median Sold Price/Sq.Ft.
$477
Total Inventory
39
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%)

Thinking of Selling?

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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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