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

$1,148,000
  • 10 Beds
  • 4 Baths
  • 3,978 Sq.Ft.
For Sale
$1,148,000 Get Pre-Qualified
Map preview of 625 E 49th St, Los Angeles, CA 90011

Property Overview: 625 E 49th St Los Angeles, CA has 10 bedrooms, 4 bathrooms, 3,978 living square feet and 5,489 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: An investment property is suitable for the owner to live in and manage. This is an excellent opportunity to own a 4-unit property. Gross rental income of $8403 per month is equipped with 10 bedrooms and 4 bathrooms. Potential ADU more income. Enough parking space and easy alley access.

Listed by Jay Kang | BRE #01888004 | Bestway Realty
Last checked: 14 minutes ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 12
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Home details

Lot Sq. Ft
5,489
HOA Dues
$0/mo
Year built
1948
Garage
2 Car
Property Type:
Fourplex
Status
Active
MLS#
PW24080691
City
Los Angeles
County
Los Angeles
Time on Site
14 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,059
  • Total Rent: $2,059
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,872
  • Total Rent: $1,872
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,392
  • Total Rent: $2,392
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,080
  • Total Rent: $2,080
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $100,836
  • Net Operating Income: $80,668
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $20,167
  • Electric: $0
  • Trash: $0
  • Insurance: $3,000
  • Workman's Comp: $3,800
  • Professional Management: $1,800
  • Water/Sewer: $3,200

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Property Details for 625 E 49th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
  • Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: See Remarks
  • Has Fence
  • Barbed Wire
  • 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: 8
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5108009033
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: See Remarks
  • Property is Attached
  • Accessibility Features: See Remarks
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: AVALON + 49TH ST
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 625 E 49th St

Last leased for $2,000 on March 25th, 2023

  • April, 2024

  • Apr 22, 2024

    Date

    Active

    CRMLS: PW24080691

    $1,148,000

    Price

  • April, 2024

  • Apr 3, 2024

    Date

    Canceled

    CRMLS: PW23176734

    $1,148,000

    Price

  • Sep 20, 2023

    Date

    Active

    CRMLS: PW23176734

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    An investment property is suitable for the owner to live in and manage. This is an excellent opportunity to own a 4-unit property in the heart of Los Angeles. The property boasts a gross rental income of $8,100 per month and is equipped with 10 bedrooms and 4 full bathrooms, making it a great income property. Recently, two units were renovated, adding even more value to this investment. The property features easy alley access parking, with a total of 8 car tandem parking spaces, including a 2-car garage. The lot size is 5,489 square feet and is fully fenced for added security. Inside, the central heating system will keep you warm during the colder months, and the panel doors and wood flooring add a touch of elegance to the space. This property is conveniently located near urban amenities, making it an attractive investment for renters. Contact Jay Kang to schedule a viewing today!

  • August, 2023

  • Aug 1, 2023

    Date

    Expired

    CRMLS: PW22247585

    $1,250,000

    Price

  • Nov 28, 2022

    Date

    Active

    CRMLS: PW22247585

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    This is an excellent opportunity to own a 4-unit property in the heart of Los Angeles. The property boasts a gross rental income of $8,100 per month and is equipped with 10 bedrooms and 4 full bathrooms, making it a great income property. Recently, two units were renovated, adding even more value to this investment. The property features easy alley access parking, with a total of 8 car tandem parking spaces, including a 2-car garage. The lot size is 5,489 square feet and is fully fenced for added security. Inside, the central heating system will keep you warm during the colder months, and the panel doors and wood flooring add a touch of elegance to the space. This property is conveniently located near urban amenities, making it an attractive investment for renters. Contact Jay Kang to schedule a viewing today!

  • March, 2023

  • Mar 25, 2023

    Date

    Leased

    CRMLS: PW23016107

    $2,000

    Price

  • Jan 30, 2023

    Date

    Active

    CRMLS: PW23016107

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    This renovated 2BD/1BA 2nd-floor unit apartment has been updated with new paint, new laminate and tile flooring, new kitchen countertops, and new hardware. must see!

  • June, 2022

  • Jun 16, 2022

    Date

    Expired

    CRMLS: PW21248731

    $1,085,000

    Price

  • Nov 14, 2021

    Date

    Active

    CRMLS: PW21248731

    $105,000

    Price

  • Listing provided courtesy of CRMLS

    4 unit property with easy alley access parking. 8 car tandem parking space.( 2 car garage) currently, 2 tenants applying city of Los Angeles rental support program. ( $1650 & $2080)

  • October, 2018

  • Oct 3, 2018

    Date

    Sold

    CRMLS: AR18128517

    $875,000

    Price

  • Jun 28, 2018

    Date

    Price Change

    CRMLS: AR18128517

    $1,050,000

    Price

  • May 31, 2018

    Date

    Active

    CRMLS: AR18128517

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    *****Stunning Investment Opportunity Knocks in Los Angeles!!!******Excellent centrally located 4 units apartment close to Downtown Los Angeles. Fully leased. High walking score. Two mins to South Park Recreation Center. 10 mins to 110 Hwy. 7 parking spaces, great 2 story stucco, bus stop nearby. Fully gated with car garage and all units are completed leased. Full of potentials for investors!!! Don’t miss it. Pretty promising! Buyer to verify all the accuracy with themselves regarding the permits, zoning, expenses and so on.

  • September, 2018

  • Sep 28, 2018

    Date

    Sold (Public Records)

    Public Records

    $875,000

    Price

  • May, 2018

  • May 19, 2018

    Date

    Expired

    CRMLS: AR18118276

    $1,250,000

    Price

  • May 19, 2018

    Date

    Active

    CRMLS: AR18118276

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent Centrally located 4 units apartment close to Downtown Los Angeles. High walking score. Two mins to South Park Recreation Center. 10 Mins to 110 Hwy. 7 parking spaces, great 2 story stucco, bus stop nearby. Fully gated with car garage and all units are completed leased. Full of potentials for investors!!! Don't miss it. Pretty promising!

  • May, 2018

  • May 18, 2018

    Date

    Canceled

    CRMLS: AR18116668

    $1,250,000

    Price

  • May 17, 2018

    Date

    Active

    CRMLS: AR18116668

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent centrally located 4 units apartment close to Downtown Los Angeles. High walking score. Two mins to South Park Recreation Center. 10 mins to 110 Hwy. 7 parking spaces, great 2 story stucco, bus stop nearby. Fully gated with car garage and all units are completed leased. Full of potentials for investors!!! Don’t miss it. Pretty promising!

  • September, 2017

  • Sep 29, 2017

    Date

    Sold (Public Records)

    Public Records

    $571,000

    Price

Show More

Tax History for 625 E 49th St

Assessed Value (2020): $892,500
Year Land Value Improved Value Assessed Value
2020 $459,000 $433,500 $892,500

Home Value Compared to the Market

This property vs the competition

625 E 49th St is listed 7.04% lower than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $288.59 per/sqft which puts the price per square foot 62.71% lower than the median price per square foot for the city of Los Angeles.

About 625 E 49th St

Detailed summary of property

625 E 49th St is a fourplex located in Los Angeles, CA 90011 and is currently for sale. This fourplex offers 10 bedrooms, 4 bathrooms, roughly 3,978 living square feet, and sits on an approximately 5,489 square foot lot. 625 E 49th St was first listed on ArdentRealEstateGroup.com on April 23, 2024. The homeowner is currently asking $1,145,000-$1,148,000 and was originally asking $1,148,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 7.04% lower than the median priced home. Local competing homes currently for sale include 201 W 46th St, 1247 E Vernon Ave and 1267 E 56th St. While the average home in Los Angeles, CA is selling in 94 days, 625 E 49th St has a days on market of 12 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 625 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 625 E 49th St

Public county record property details
Beds
8
Baths
4
Year built
1948
Sq. Ft.
3,978
Lot Size
5,489
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
57,58
APN
5108-009-033

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
$650,000
Median List Price/Sq.Ft.
$460
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
38
Median Sale to List Price %
104.76%
Avg Days on Market
54
Loan Type
Conventional (33.33%), FHA (25%), VA (0%), Cash (33.33%), Other (8.33%)

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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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