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

$885,000
  • 8 Beds
  • 4 Baths
  • 2,914 Sq.Ft.
For Sale
$885,000 Get Pre-Qualified
Map preview of 640 E 49th St, Los Angeles, CA 90011

Property Overview: 640 E 49th St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 2,914 living square feet and 8,253 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: Great Investment Opportunity! Unique Triplex in Los Angeles; Spacious 2 story front house has 4 bedrooms, 2 bath. Detached back Duplex is 2 bed 1 bath each unit (top and bottom) Kitchen in front house was upgraded in the last 5 years with the following: newer cabinets, granite countertops, upgraded partial copper plumbing, newer fixtures, and newer flooring. Back units are 2 Bedrooms 1 Bath EACH. Lot size is large and has plenty of parking spaces, which is rare to find in Los Angeles! Approximately 5 minutes from Exposition Park and only a few blocks away from South Park Pool & Recreation Center and approximately 1 mile from 110 Fwy for your commuting convenience. Don't let this opportunity pass you up!

Listed by Itzel Anaya | BRE #01414915 | Home Smart Realty Group
Last checked: 7 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
8,253
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Triplex
Status
Active
MLS#
PW24174860
City
Los Angeles
County
Los Angeles
Time on Site
27 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,342
  • Total Rent: $2,342
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,222
  • Total Rent: $1,222
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,107
  • Total Rent: $1,107
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $56,052
  • Net Operating Income: $39,553
  • Gross Operating Income: $17,757
Annual Expense Breakdown
  • Total Operating Expense: $16,499
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $1,200
  • Insurance: $1,800
  • Water/Sewer: $4,800

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Property Details for 640 E 49th St

Interior Features
Laundry Information
  • None, Inside
Room Information
  • Flooring: Carpet, Tile
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway, Concrete, Parking Space, Side by Side, Uncovered
Lot Information
  • Lot Features: Back Yard, Front Yard, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5108011012
  • Year Built Source: Assessor
  • Entry Level: 2
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: South of E. Vernon Ave. and East of S. Avalon Blvd.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Gutters, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 640 E 49th St

Last sold for $630,000 on November 16th, 2018

  • August, 2024

  • Aug 22, 2024

    Date

    Active

    CRMLS: PW24174860

    $885,000

    Price

  • November, 2018

  • Nov 17, 2018

    Date

    Sold

    CRMLS: DW18243576

    $630,000

    Price

  • Oct 17, 2018

    Date

    Pending

    CRMLS: DW18243576

    $610,000

    Price

  • Oct 6, 2018

    Date

    Active

    CRMLS: DW18243576

    $610,000

    Price

  • Listing provided courtesy of CRMLS

    Great Investment Opportunity! Unique Triplex in Los Angeles; Spacious 2 story front house has 4 bedrooms, 2 bath. Detached back Duplex is 2 bed 1 bath each unit (top and bottom) Front house has remodeled Kitchen with newer cabinets and granite countertops. Other upgrades include partial copper plumbing, new fixtures, and new flooring. Back units are 2 Bedrooms 1 Bath EACH. Lot size is large and has plenty of parking spaces, which is rare to find in Los Angeles! Approximately 5 minutes from Exposition Park. Don't let this opportunity pass you up!

  • November, 2018

  • Nov 16, 2018

    Date

    Sold (Public Records)

    Public Records

    $630,000

    Price

  • October, 2018

  • Oct 5, 2018

    Date

    Canceled

    CRMLS: DW18098743

    $650,000

    Price

  • Jun 13, 2018

    Date

    Active

    CRMLS: DW18098743

    $650,000

    Price

  • Jun 8, 2018

    Date

    Pending

    CRMLS: DW18098743

    $650,000

    Price

  • Jun 1, 2018

    Date

    Price Change

    CRMLS: DW18098743

    $650,000

    Price

  • Apr 29, 2018

    Date

    Active

    CRMLS: DW18098743

    $680,000

    Price

  • Listing provided courtesy of CRMLS

    Great Investment Opportunity to own 3 large units in Los Angeles!!! Front house is 2 stories and has 4 bedrooms, 2 Baths, with new remodeled Kitchen with new cabinets and granite counter tops. Other upgrades include partial copper plumbing, new fixtures, and new flooring. Back units are 2 Bedrooms 1 Bath EACH. All units are fully rented and are situated on large lot. Close to shopping and freeways. Don't let this opportunity pass you up!

  • February, 2016

  • Feb 26, 2016

    Date

    Sold (Public Records)

    Public Records

    $460,000

    Price

  • February, 2016

  • Feb 5, 2016

    Date

    Price Change

    CRMLS: RS15248278

    $470,000

    Price

  • Nov 17, 2015

    Date

    Price Change

    CRMLS: RS15248278

    $450,000

    Price

  • Listing provided courtesy of CRMLS

    BACK ON THE MARKET!! Buyer could not perform. Numerous upgrades and freshly painted exterior. Great opportunity for investors. Residential front house consist of 4 bedrooms and 2 baths. Spacious and airy throughout. 2 rear units with 2br and 1bath. Lot size over 8,000sqft. Highly desirable rental area. This is a must see property. Close to freeways and retail shopping. Property is priced to sale.

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Tax History for 640 E 49th St

Assessed Value (2020): $642,600
Year Land Value Improved Value Assessed Value
2020 $387,600 $255,000 $642,600

Home Value Compared to the Market

This property vs the competition

640 E 49th St is listed 26.25% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $303.71 per/sqft which puts the price per square foot 60.45% lower than the median price per square foot for the city of Los Angeles.

About 640 E 49th St

Detailed summary of property

640 E 49th St is a triplex located in Los Angeles, CA 90011 and is currently for sale. This triplex offers 8 bedrooms, 4 bathrooms, roughly 2,914 living square feet, and sits on an approximately 8,253 square foot lot. 640 E 49th St was first listed on ArdentRealEstateGroup.com on August 23, 2024. The homeowner is currently asking $885,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 26.25% lower than the median priced home. Local competing homes currently for sale include 1195 E 49th St, 876 E 41st Pl and 1260 E 49th St. While the average home in Los Angeles, CA is selling in 106 days, 640 E 49th St has a days on market of 9 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 640 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 640 E 49th St

Public county record property details
Beds
7
Baths
4
Year built
1957
Sq. Ft.
2,914
Lot Size
8,250
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
39
APN
5108-011-012

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
$620,000
Median List Price/Sq.Ft.
$532
Median Sold Price
$590,000
Median Sold Price/Sq.Ft.
$438
Total Inventory
52
Median Sale to List Price %
102.61%
Avg Days on Market
46
Loan Type
Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

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(714) 706-1823

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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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