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

$1,575,000 Sold Price as of 04/23/2021
  • 11 Beds
  • 7 Baths
  • 4,467 Sq.Ft.
Sold
$1,575,000 Sold Price as of 04/23/2021 Refinance Your Mortgage
Map preview of 518 W 50Th St, Los Angeles, CA 90037

Property Overview: 518 W 50Th St Los Angeles, CA has 11 bedrooms, 7 bathrooms, 4,467 living square feet and 6,110 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Offers Due 3/1 9pm View Virtual Tour and Video Before Making Appointment (https://my.matterport.com/show/?m=WyMPQQRckQT&brand=0) ..... (https://youtu.be/xdtJVHsTxEM) ...... This Steal Will Not Last! Best Price Per Sqft in the Area: $349/sf! Brand New! 3 Large Vacant Units! Just Received Certificate of Occupancy! Owner User’s or Investor’s Dream! Live in 1 and Rent the Others! Or Lease at the Market Rents! Conveniently Located Just West of the 110 Freeway! 1 Mile from USC, Los Angeles Coliseum, Banc of California Stadium, Exposition Park (California Science Center, California African American Museum, Natural History Museum, Expo Center and Pool)! Minutes to Downtown, Los Angeles Convention Center, LA Live, Staples Center! 2 Story Front House Has 4 Bed 2.5 Bath with 2 Car Garage, 2 Story 4 bed/2 Bath with 2 Onsite Parking Spots, and a 3 Bed/2Bath in Back woth 1 Car Garage and 1 Onsite Parking Spot. NO EXPENSE SPARED!!! Top of Line Quartz Kitchen Counters With Attractive Backspashes, Kitchen Cabinets, Restroom Vanity, Restroom Tile. Open Living / Dining / Kitchen Areas Downstairs With Top of Line Floor Tile Perfect for Entertaining. Laminate Flooring in Bedrooms and Hallways, All Units Have Primary (“Master”) Bedrooms/Bathrooms and Washer/Dryer Rooms/Area. All Units Have Their Own Water, Gas, Electric Meters. Gross Rent Multiplier is Conservatively 12.9! View Virutal Offers Due 3/1

Listed by LUIS SANCHEZ | BRE #01465682 | LUIS SANCHEZ, BROKER
Last checked: 4 minutes ago | Last updated: January 18th, 2023 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
6,110
HOA Dues
$0/mo
Year built
2021
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
CV21030381
City
Los Angeles
County
Los Angeles
Time on Site
1235 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 0
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,400
  • Total Rent: $3,400
  • Pro Forma/Market Rent: $3,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,100
  • Total Rent: $3,100
  • Pro Forma/Market Rent: $3,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $120,000
  • Net Operating Income: $120,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • New Taxes: $15,000
  • Trash: $0
  • Insurance: $1,000

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 518 W 50Th St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
  • Family Room, Kitchen, Laundry
Kitchen Information
  • No Appliances
  • None
Interior Features
  • 2 Staircases, Copper Plumbing Full
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 7
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5018021006
  • Year Built Source: Seller
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected
Location / Neighborhood
Location Information
  • Directions: Near corner of Figueroa/50th; Just west of 110 Fwy (51st exit)
Neighborhood Information
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 518 W 50Th St

Last sold for $1,575,000 on April 23rd, 2021

  • April, 2021

  • Apr 24, 2021

    Date

    Sold

    CRMLS: CV21030381

    $1,575,000

    Price

  • Mar 20, 2021

    Date

    Pending

    CRMLS: CV21030381

    $1,559,000

    Price

  • Mar 4, 2021

    Date

    Active Under Contract

    CRMLS: CV21030381

    $1,559,000

    Price

  • Feb 19, 2021

    Date

    Active

    CRMLS: CV21030381

    $1,559,000

    Price

  • Feb 13, 2021

    Date

    Coming Soon

    CRMLS: CV21030381

    $1,559,000

    Price

  • August, 2011

  • Aug 18, 2011

    Date

    Sold (Public Records)

    Public Records

    $165,000

    Price

  • December, 2003

  • Dec 4, 2003

    Date

    Sold (Public Records)

    Public Records

    $220,000

    Price

  • September, 2003

  • Sep 12, 2003

    Date

    Sold

    CRMLS: H307340

    $196,000

    Price

  • Jul 9, 2003

    Date

    Active

    CRMLS: H307340

    --

    Price

  • Listing provided courtesy of CRMLS

    THREE BEDROOMS, 2 BATHROOMS,(1 IN MASTER BDRM)IN LOS ANGELES. HOME BUILT IN 1976. RECOMMEND BUYER SATISFY MEASUREMENTS AND SQUARE FOOTAGE. PROPERTY HAS BEEN COMPLETELY REHABBED. NEW PAINT, CARPET, CABINETS, CLOSETS,DOORS. PROPERTY SOLD 9/12/03

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Tax History for 518 W 50Th St

Assessed Value (2020): $189,497
Year Land Value Improved Value Assessed Value
2020 $151,600 $37,897 $189,497

Home Value Compared to the Market

This property vs the competition

518 W 50Th St sold on April 23, 2021 for 37.96% 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 $349 per/sqft which puts the price per square foot 53.71% lower than the current median sale per square foot for the city of Los Angeles.

About 518 W 50Th St

Detailed summary of property

518 W 50Th St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 11 bedrooms, 7 bathrooms, roughly 4,467 living square feet, and sits on an approximately 6,110 square foot lot. 518 W 50Th St was first listed on ArdentRealEstateGroup.com on February 13, 2021. The homeowner sold the property for $1,575,000. 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 37.96% higher than the current median priced home. Local homes that are currently for sale include 894 E 35th St, 1375 W 37th Dr and 1366 W 37th Pl. While the average home in Los Angeles, CA is selling in 99 days, 518 W 50Th St has a days on market of 12 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 518 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 518 W 50Th St

Public county record property details
Beds
3
Baths
2
Year built
1976
Sq. Ft.
1,020
Lot Size
6,109
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5018-021-006

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.
$483
Median Sold Price
$750,000
Median Sold Price/Sq.Ft.
$472
Total Inventory
30
Median Sale to List Price %
103.45%
Avg Days on Market
15
Loan Type
Conventional (0%), FHA (33.33%), VA (0%), Cash (0%), Other (33.33%)

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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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