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244 W 50th St Los Angeles, CA 90037

$705,000 Sold Price as of 04/25/2019

8 Beds
4 Baths
2,946 Sq.Ft.

Sold

$705,000 Sold Price as of 04/25/2019 Refinance Your Mortgage

Map preview of 244 W 50th St, Los Angeles, CA 90037

Property Overview: 244 W 50th St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 2,946 living square feet and 5,464 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great 4 unit investment property with positive cash flow, rents are almost 5k monthly. Each unit is a 2 bedroom 1 bath with tile floors for easy maintenance and durability. 4 separate electric and gas meters, and parking. Low maintenance backyard, and a front gate for privacy. A short distance to Broadway ave, bus lines, shops, and restaurants. All units are Tenant occupied.

Listed by Martha Carrasco | BRE #01734066 | Keller Williams North Valley

Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft: 5,464
HOA Dues: $0/mo
Year built: 1964
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: SR19045732
City: Los Angeles
County: Los Angeles
Time on Site: 1220 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1
# of Leased Units: 4
# of Electric Meters: 4
# of Gas Meters: 4
# of Water Meters: 4

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,202
Total Rent: $1,202
Pro Forma/Market Rent: $1,500

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,123
Total Rent: $1,123
Pro Forma/Market Rent: $1,500

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,238
Total Rent: $1,238
Pro Forma/Market Rent: $1,500

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,151
Total Rent: $1,151
Pro Forma/Market Rent: $1,500

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $56,568
Net Operating Income: $51,372
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $5,196
New Taxes: $0
Trash: $600
Insurance: $1,596
Water/Sewer: $3,000

Property Details for 244 W 50th St

Interior Features

Laundry Information

Has Laundry
Common Area, Community

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 6

Lot Information

Lot Features: 2-5 Units/Acre
Lot Size Source: Assessor

Property Information

Common Walls: No Common Walls
Total # of Units: 4
Parcel Number: 5110023012
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 Broadway and S Main

Neighborhood Information

Community Features: Sidewalks, Storm Drains, Street Lights

View more facts & features

Local Los Angeles Agent

Sale History for 244 W 50th St

Last sold for $705,000 on April 25th, 2019

April, 2019
Apr 25, 2019

Date

Sold

CRMLS: SR19045732

$705,000

Price
Apr 23, 2019

Date

Pending

CRMLS: SR19045732

$659,000

Price
Apr 23, 2019

Date

Sold

CRMLS: SR19045732

$705,000

Price
Mar 11, 2019

Date

Pending

CRMLS: SR19045732

$659,000

Price
Mar 5, 2019

Date

Hold

CRMLS: SR19045732

$659,000

Price
Mar 1, 2019

Date

Active

CRMLS: SR19045732

$659,000

Price
April, 2019
Apr 25, 2019

Date

Sold (Public Records)

Public Records

$705,000

Price
January, 2017
Jan 13, 2017

Date

Sold (Public Records)

Public Records

$600,000

Price

Tax History for 244 W 50th St

Assessed Value (2020): $719,100

Year	Land Value	Improved Value	Assessed Value
2020	$459,000	$260,100	$719,100

Home Value Compared to the Market

This property vs the competition

244 W 50th St sold on April 25, 2019 for 44.62% 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 $223.69 per/sqft which puts the price per square foot 70.37% lower than the current median sale per square foot for the city of Los Angeles.

About 244 W 50th St

Detailed summary of property

244 W 50th St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 2,946 living square feet, and sits on an approximately 5,464 square foot lot. 244 W 50th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $705,000. 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 44.62% lower than the current median priced home. Local homes that are currently for sale include 6207 S Figueroa St, 735 E Vernon Ave and 440 W Gage Ave. While the average home in Los Angeles, CA is selling in 94 days, 244 W 50th St has a days on market of 3 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 244 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 244 W 50th St

Public county record property details

Beds: 8
Baths: 4
Year built: 1964
Sq. Ft.: 2,946
Lot Size: 5,464
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 28
APN: 5110-023-012

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

$749,000

Median List Price/Sq.Ft.

$517

Median Sold Price

$667,000

Median Sold Price/Sq.Ft.

$444

Total Inventory

Median Sale to List Price %

106.72%

Avg Days on Market

Loan Type

Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), 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.