Search
501 N Avenue 50, Los Angeles, CA 90042
Image 2 for 501 N Avenue 50, Los Angeles, CA 90042
Image 3 for 501 N Avenue 50, Los Angeles, CA 90042
View Photos

501 N Avenue 50 Los Angeles, CA 90042

$1,750,000 Sold Price as of 05/22/2024
  • 13 Beds
  • 11 Baths
  • 7,580 Sq.Ft.
Sold
$1,750,000 Sold Price as of 05/22/2024 Refinance Your Mortgage
Map preview of 501 N Avenue 50, Los Angeles, CA 90042

Property Overview: 501 N Avenue 50 Los Angeles, CA has 13 bedrooms, 11 bathrooms, 7,580 living square feet and 11,966 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present an eleven (11) unit apartment building located at 501 North Avenue 50 in Los Angeles, California. The subject property is situated in a prime Highland Park location, north of Figueroa Street and southeast of El Paso Drive. Built in 1922, this property contains a great unit mix of one (1) studio / one-bathroom unit, seven (7) one-bedroom / one-bathroom units, and three (3) two-bedroom / one-bathroom units. This gated, courtyard style property features character, Spanish accents that makes the building look and feel like a bungalow community. There is alley access at the rear of the property with secure access to ample on-site parking. There is potential to add multiple ADU unit(s) to the storage areas or to the parking lot. Tenants will love living just down the street from Figueroa, a trendy and historic thoroughfare considered as the core of Highland Park. Some of the notable amenities include Highland Park Bowl, Most Likely Highland Park, The Greyhound Bar, Civil Coffee, Lodge Room, and ETA Oyster Bar. Situated in a prime Highland Park location, this offering presents an excellent opportunity for any investor capitalize on strong rental upside at a low price point in one of the trendiest markets of Los Angeles.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 8 minutes ago | Last updated: May 23rd, 2024 | Source CRMLS | DOM: 70

Home details

Lot Sq. Ft
11,966
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
24344269
City
Los Angeles
County
Los Angeles
Time on Site
175 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,222
  • Total Rent: $1,222
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $714
  • Total Rent: $714
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 3
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $949
  • Total Rent: $949
  • Pro Forma/Market Rent: $2,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.99%
  • Gross Rent Multiplier: 13.15
  • Gross Scheduled Income: --
  • Net Operating Income: $73,758
  • Gross Operating Income: $136,683
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 501 N Avenue 50

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 11
  • Has Parking
  • Parking Features: Gated, Uncovered
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 11
  • Parcel Number: 5469011016
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: The subject property is situated in a prime Highland Park location, north of Figueroa Street and southeast of El Paso Drive.
View more facts & features

Local Los Angeles Agent

Sale History for 501 N Avenue 50

Last sold for $1,750,000 on May 22nd, 2024

  • May, 2024

  • May 22, 2024

    Date

    Sold

    CRMLS: 24344269

    $1,750,000

    Price

  • Jan 5, 2024

    Date

    Active

    CRMLS: 24344269

    $1,850,000

    Price

  • August, 2023

  • Aug 22, 2023

    Date

    Expired

    CRMLS: 23248658

    $2,200,000

    Price

  • Mar 8, 2023

    Date

    Active

    CRMLS: 23248658

    $2,700,000

    Price

  • Listing provided courtesy of CRMLS

  • November, 2000

  • Nov 9, 2000

    Date

    Sold (Public Records)

    Public Records

    $360,000

    Price

Show More

Tax History for 501 N Avenue 50

Assessed Value (2020): $516,018
Year Land Value Improved Value Assessed Value
2020 $275,557 $240,461 $516,018

Home Value Compared to the Market

This property vs the competition

501 N Avenue 50 sold on May 22, 2024 for 63.72% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $244.06 per/sqft which puts the price per square foot 67.63% lower than the current median sale per square foot for the city of Los Angeles.

About 501 N Avenue 50

Detailed summary of property

501 N Avenue 50 is a multi family that recently sold in Los Angeles, CA 90042. This multi family property offered 13 bedrooms, 11 bathrooms, roughly 7,580 living square feet, and sits on an approximately 11,966 square foot lot. 501 N Avenue 50 was first listed on ArdentRealEstateGroup.com on January 5, 2024. The homeowner sold the property for $1,750,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 63.72% higher than the current median priced home. Local homes that are currently for sale include 3813 Baldwin St, 2221 Griffin Ave and 3020 Baldwin St. While the average home in Los Angeles, CA is selling in 99 days, 501 N Avenue 50 has a days on market of 70 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 501 N Avenue 50 Los Angeles, CA 90042 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 501 N Avenue 50

Public county record property details
Beds
15
Baths
11
Year built
1922
Sq. Ft.
7,580
Lot Size
11,962
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5469-011-016

The source for these homes facts are from public records.

90042 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,195,000
Median List Price/Sq.Ft.
$789
Median Sold Price
$1,100,000
Median Sold Price/Sq.Ft.
$763
Total Inventory
93
Median Sale to List Price %
115.91%
Avg Days on Market
20
Loan Type
Conventional (31.25%), FHA (0%), VA (0%), Cash (18.75%), Other (9.38%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 501 N Avenue 50

Nearby Homes for Sale

4914 Mendota Ave, Los Angeles, CA 90042
$1,550,000
-- Beds
-- Baths
1794 Sq.Ft.
4914 Mendota Ave
Los Angeles, CA 90042
5621 Carlota Blvd, Los Angeles, CA 90042
$1,499,000
4 Beds
3 Baths
-- Sq.Ft.
5621 Carlota Blvd
Los Angeles, CA 90042
4311 Eagle Rock Blvd, Los Angeles, CA 90041
$2,099,995
8 Beds
8 Baths
5717 Sq.Ft.
4311 Eagle Rock Blvd
Los Angeles, CA 90041
1461 Hepner Ave, Los Angeles, CA 90041
$1,499,000
6 Beds
5 Baths
3430 Sq.Ft.
1461 Hepner Ave
Los Angeles, CA 90041
1461 Hepner Ave, Los Angeles, CA 90041
$1,499,000
6 Beds
5 Baths
3430 Sq.Ft.
1461 Hepner Ave
Los Angeles, CA 90041
3408 N Figueroa St, Los Angeles, CA 90065
$1,600,000
4 Beds
1 Baths
3494 Sq.Ft.
3408 N Figueroa St
Los Angeles, CA 90065
2618 Carleton Ave, Los Angeles, CA 90065
$1,700,000
0 Beds
12 Baths
2376 Sq.Ft.
2618 Carleton Ave
Los Angeles, CA 90065
2221 Addison Way, Los Angeles, CA 90041
$2,100,000
8 Beds
8 Baths
5144 Sq.Ft.
2221 Addison Way
Los Angeles, CA 90041
6538 Meridian St, Los Angeles, CA 90042
$1,595,000
5 Beds
4 Baths
2155 Sq.Ft.
6538 Meridian St
Los Angeles, CA 90042
508 Chestnut Ave, Los Angeles, CA 90042
$1,450,000
7 Beds
6 Baths
3615 Sq.Ft.
508 Chestnut Ave
Los Angeles, CA 90042
5231 Loleta Ave, Los Angeles, CA 90041
$1,499,000
11 Beds
6 Baths
2653 Sq.Ft.
5231 Loleta Ave
Los Angeles, CA 90041
4420 Verdugo Rd, Los Angeles, CA 90065
$1,500,000
5 Beds
3 Baths
2698 Sq.Ft.
4420 Verdugo Rd
Los Angeles, CA 90065

Recently Sold Homes Near 501 N Avenue 50

515 N Avenue 50, Los Angeles, CA 90042
$900,000 Last Sold Price
2 Beds
2 Baths
1388 Sq.Ft.
515 N Avenue 50
Los Angeles, CA 90042
412 N Avenue 50, Los Angeles, CA 90042
$1,315,000 Last Sold Price
7 Beds
3 Baths
2067 Sq.Ft.
412 N Avenue 50
Los Angeles, CA 90042
521 N Avenue 50, Los Angeles, CA 90042
$1,300,000 Last Sold Price
7 Beds
5 Baths
2724 Sq.Ft.
521 N Avenue 50
Los Angeles, CA 90042
608 N Avenue 50, Los Angeles, CA 90042
$1,847,080 Last Sold Price
6 Beds
3 Baths
3119 Sq.Ft.
608 N Avenue 50
Los Angeles, CA 90042

Related Resources to 501 N Avenue 50

New Listings in 90042
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote