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207 W 50Th St, Los Angeles, CA 90037
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207 W 50Th St Los Angeles, CA 90037

$900,000 Sold Price as of 03/06/2023
  • 3 Beds
  • 4 Baths
  • 2,789 Sq.Ft.
Sold
$900,000 Sold Price as of 03/06/2023 Refinance Your Mortgage
Map preview of 207 W 50Th St, Los Angeles, CA 90037

Property Overview: 207 W 50Th St Los Angeles, CA has 3 bedrooms, 4 bathrooms, 2,789 living square feet and 5,444 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Existing 4-Unit Building that will be delivered FULLY VACANT at Close of Escrow. 207 W 50th St is a value add 4-Plex in Los Angeles, CA 90037. Highlighted by a 3-Bed/1-Bath Front house, this property is ideal for any owner/user or investor looking to add value in this quickly growing submarket of Los Angeles. This property features (1) 3-Bed/1-Bath front house and (3) Studio units. The exterior has been recently painted and the interior demoed ready for renovations. The subject operates at a 6.96% cap rate and 10.86 GRM. The buyer has the opportunity to convert the existing garage into an ADU (Buyer to verify). With the ADU, this will operate at an 8.62% Cap Rate! When rented, this property would produce over $7,480 in monthly income. 207 W 50th St is located just minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, Banc of California Stadium, Crypto.com Arena, and LA LIVE, as well as billions of dollars worth of development pouring into DTLA.

Listed by Aaron Jacobson | BRE #02100737 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 8 minutes ago | Last updated: March 7th, 2023 | Source CRMLS | DOM: 74

Home details

Lot Sq. Ft
5,444
HOA Dues
$0/mo
Year built
1955
Garage
1 Car
Property Type:
Fourplex
Status
Sold
MLS#
SB22247900
City
Los Angeles
County
Los Angeles
Time on Site
522 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Total Rent: $1,395
  • Pro Forma/Market Rent: $1,395
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Total Rent: $3,295
  • Pro Forma/Market Rent: $3,295
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Total Rent: $1,395
  • Pro Forma/Market Rent: $1,395
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Total Rent: $1,395
  • Pro Forma/Market Rent: $1,395
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.96%
  • Gross Rent Multiplier: 10.86
  • Gross Scheduled Income: $89,760
  • Net Operating Income: $67,815
  • Gross Operating Income: $87,067
Annual Expense Breakdown
  • Total Operating Expense: $19,253
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 207 W 50Th St

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
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: 4
  • Parcel Number: 5110020032
  • 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: Off Broadway, On 50th St
Neighborhood Information
  • Community Features: Biking, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 207 W 50Th St

Last sold for $900,000 on March 6th, 2023

  • March, 2023

  • Mar 6, 2023

    Date

    Sold

    CRMLS: SB22247900

    $900,000

    Price

  • Nov 30, 2022

    Date

    Active

    CRMLS: SB22247900

    $995,000

    Price

  • December, 2021

  • Dec 23, 2021

    Date

    Active

    CRMLS: PW21267597

    $695,000

    Price

  • Listing provided courtesy of CRMLS

    4-unit property. Front unit is a detached single-family one-story home with 3 studio units in back. 1 studio is downstairs, 2 are upstairs. This is a great opportunity to acquire an income producing property with substantial upside.

  • December, 2016

  • Dec 2, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2012

  • Dec 28, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 207 W 50Th St

Assessed Value (2020): $57,775
Year Land Value Improved Value Assessed Value
2020 $14,988 $42,787 $57,775

Home Value Compared to the Market

This property vs the competition

207 W 50Th St sold on March 6, 2023 for 18.07% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $349.59 per/sqft which puts the price per square foot 53.7% lower than the current median sale per square foot for the city of Los Angeles.

About 207 W 50Th St

Detailed summary of property

207 W 50Th St is a fourplex that recently sold in Los Angeles, CA 90037. This fourplex offered 3 bedrooms, 4 bathrooms, roughly 2,789 living square feet, and sits on an approximately 5,444 square foot lot. 207 W 50Th St was first listed on ArdentRealEstateGroup.com on November 29, 2022. The homeowner sold the property for $900,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 18.07% lower than the current median priced home. Local homes that are currently for sale include 916 53Rd St, 6211 S Broadway and 507 E 59th Pl. While the average home in Los Angeles, CA is selling in 96 days, 207 W 50Th St has a days on market of 74 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 207 W 50Th St Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 207 W 50Th St

Public county record property details
Beds
5
Baths
4
Year built
1953
Sq. Ft.
2,789
Lot Size
5,443
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
42
APN
5110-020-032

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$725,000
Median List Price/Sq.Ft.
$562
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
33
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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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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