1603 E 49th St, Los Angeles, CA 90011
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1603 E 49th St Los Angeles, CA 90011

$589,000 Sold Price as of 08/12/2019
  • 6 Beds
  • 3 Baths
  • 2,179 Sq.Ft.
Sold
$589,000 Sold Price as of 08/12/2019 Refinance Your Mortgage

Map preview of 1603 E 49th St, Los Angeles, CA 90011

Property Overview: 1603 E 49th St Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,179 living square feet and 5,560 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Beautifully duplex in the heart of the city of Los Angeles. This property will surely attract your clients! Front unit has 4 bedroom and 2 bath. It has been remodeled laminated wood floor in all bedrooms and new paint entire house, granite kitchen countertops, tiled bathrooms, kitchen and living room. The rent on this unit is at market rate and nice family just move in at beginning of March. The back unit is on top of two single car garage and laundry room. Back tenant has been there for over 6 years. She is excellent tenant and never been late on rent. There are 2 single car garage. One car garage for each unit. Additional three parking space to share between the tenants. This is great investment opportunity you can cash flow right after you close escrow.

Listed by EDWIN WEN | BRE #01885711 | RE/MAX 2000
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 103

Home details

Lot Sq. Ft
5,560
HOA Dues
$0/mo
Year built
1946
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
CV19051067
City
Los Angeles
County
Los Angeles
Time on Site
1346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # 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: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,331
  • Total Rent: $1,331
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $47,772
  • Net Operating Income: $36,972
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $10,800
  • Electric: $0
  • New Taxes: $7,000
  • Trash: $0
  • Insurance: $800
  • Water/Sewer: $3,000

Property Details for 1603 E 49th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Family Room, Living Room
Kitchen Information
  • Has Appliances
  • Gas Water Heater, Water Heater
Interior Features
  • Granite Counters
Exterior Features
Exterior Information
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned, Driveway Level, Garage Faces Front, Garage - Single Door, On Site, Parking Space, Private
Lot Information
  • Lot Features: Back Yard, Front Yard
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5106020027
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: 49th street between compton and long beach
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

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Sale History for 1603 E 49th St

Last sold for $589,000 on August 12th, 2019
  • August, 2019

  • Aug 13, 2019

    Date

    Sold

    CRMLS: CV19051067

    $589,000

    Price

  • Jul 1, 2019

    Date

    Pending

    CRMLS: CV19051067

    $599,000

    Price

  • May 20, 2019

    Date

    Price Change

    CRMLS: CV19051067

    $599,000

    Price

  • Apr 16, 2019

    Date

    Active

    CRMLS: CV19051067

    $609,000

    Price

  • Apr 16, 2019

    Date

    Price Change

    CRMLS: CV19051067

    $609,000

    Price

  • Apr 5, 2019

    Date

    Withdrawn

    CRMLS: CV19051067

    $633,500

    Price

  • Mar 27, 2019

    Date

    Price Change

    CRMLS: CV19051067

    $633,500

    Price

  • Mar 7, 2019

    Date

    Active

    CRMLS: CV19051067

    $643,500

    Price

  • August, 2019

  • Aug 12, 2019

    Date

    Sold (Public Records)

    Public Records

    $589,000

    Price

  • October, 2011

  • Oct 5, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1603 E 49th St

Assessed Value (2020): $589,000
Year Land Value Improved Value Assessed Value
2020 $380,000 $209,000 $589,000

Home Value Compared to the Market

This property vs the competition

1603 E 49th St sold on August 12, 2019 for 46.52% 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 $274.9 per/sqft which puts the price per square foot 62.03% lower than the current median sale per square foot for the city of Los Angeles.

About 1603 E 49th St

Detailed summary of property

1603 E 49th St is a duplex that recently sold in Los Angeles, CA 90011. This duplex offered 6 bedrooms, 3 bathrooms, roughly 2,179 living square feet, and sits on an approximately 5,560 square foot lot. 1603 E 49th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $589,000. 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 46.52% lower than the current median priced home. Local homes that are currently for sale include 7805 Whitsett Ave, 228 W 47th Pl and 232 W 49th St. While the average home in Los Angeles, CA is selling in 106 days, 1603 E 49th St has a days on market of 103 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 1603 E 49th St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1603 E 49th St

Public county record property details
Beds
5
Baths
2
Year built
1946
Sq. Ft.
2,179
Lot Size
5,560
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
5106-020-027

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$625,000
Median List Price/Sq.Ft.
$531
Median Sold Price
$590,000
Median Sold Price/Sq.Ft.
$438
Total Inventory
50
Median Sale to List Price %
102.61%
Avg Days on Market
46
Loan Type
Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

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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.