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709 E 49Th St, Los Angeles, CA 90011
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709 E 49Th St Los Angeles, CA 90011

$580,000
  • 5 Beds
  • 2 Baths
  • 1,940 Sq.Ft.
Back Up Offer
$580,000 Get Pre-Qualified
Map preview of 709 E 49Th St, Los Angeles, CA 90011

Property Overview: 709 E 49Th St Los Angeles, CA has 5 bedrooms, 2 bathrooms, 1,940 living square feet and 6,599 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: This 2-unit fully occupied investment property has beautiful architecture, charm, and curb appeal and is located on a safe street across from an elementary school. 5.25% cap rate on current rents at asking price, and a below market $290k per unit and $298 per RSF. Great combination of in-place cash flow, along with value-add / rental upside potential for a first-time investor. Great mix of a detached front 3 Bed/1 Bath house, and a 2 Bed/1 Bath unit in the back, and on-site parking for both units. Low operating expenses as both units pay for gas, electricity and trash, and each have their own in-unit water heaters. Located exactly 2 miles away from Exposition Park as tenants get to enjoy close proximity to BMO Stadium, LA Coliseum, the new $1B George Lucas Museum, California Science Center and Natural History Museum. Both units will be delivered occupied at closing -- no vacancies.

Listed by Jonathan Rawson | BRE #02010400 | Avenue Realty Group
Last checked: 8 minutes ago | Last updated: April 2nd, 2024 | Source CRMLS | DOM: 40
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Home details

Lot Sq. Ft
6,599
HOA Dues
$0/mo
Year built
1895
Garage
--
Property Type:
Multi Family
Status
Back Up Offer
MLS#
24367197
City
Los Angeles
County
Los Angeles
Time on Site
46 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,908
  • Total Rent: $1,908
  • Pro Forma/Market Rent: $2,595
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,856
  • Total Rent: $1,856
  • Pro Forma/Market Rent: $1,995
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.22%
  • Gross Rent Multiplier: 12.7
  • Gross Scheduled Income: --
  • Net Operating Income: $30,271
  • Gross Operating Income: $43,813
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 709 E 49Th St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Ceiling Fan(s)
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5108010033
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Vernon, West of Central, East of San Pedro
View more facts & features

Local Los Angeles Agent

Sale History for 709 E 49Th St

Last sold for $236,000 on March 14th, 2013

  • April, 2024

  • Apr 1, 2024

    Date

    Back Up Offer

    CRMLS: 24367197

    $580,000

    Price

  • Mar 11, 2024

    Date

    Active

    CRMLS: 24367197

    $580,000

    Price

  • December, 2023

  • Dec 18, 2023

    Date

    Canceled

    CRMLS: 23305644

    $625,000

    Price

  • Aug 29, 2023

    Date

    Active

    CRMLS: 23305644

    $660,000

    Price

  • Listing provided courtesy of CRMLS

    709 E 49th Street is a duplex in South LA with stunning architecture & curb appeal. Top heavy unit mix of a 3+1 front house, and a 2+1 in the back. Great opportunity for a first-time investor at a favorable $625k asking price. Currently grossing $42,936/year in income with approximately 30% rental upside, and low in-place expenses. Each unit pays for trash, is separately metered for both gas & electricity, and has their own water heater which makes this a low operating cost investment. This property is located on a safe & family friendly street across from an elementary school. Quick drive to all of the community attractions and developments at Exposition Park, USC and DTLA, and blocks away from the 10 Freeway entrance/exit for mobility.

  • March, 2013

  • Mar 14, 2013

    Date

    Sold (Public Records)

    Public Records

    $236,000

    Price

  • November, 2011

  • Nov 7, 2011

    Date

    Sold (Public Records)

    Public Records

    $180,200

    Price

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Tax History for 709 E 49Th St

Assessed Value (2020): $425,404
Year Land Value Improved Value Assessed Value
2020 $282,124 $143,280 $425,404

Home Value Compared to the Market

This property vs the competition

709 E 49Th St is listed 53.56% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $298.97 per/sqft which puts the price per square foot 61.27% lower than the median price per square foot for the city of Los Angeles.

About 709 E 49Th St

Detailed summary of property

709 E 49Th St is a multi family located in Los Angeles, CA 90011 and is currently in escrow to be sold. This multi family property offers 5 bedrooms, 2 bathrooms, roughly 1,940 living square feet, and sits on an approximately 6,599 square foot lot. 709 E 49Th St was first listed on ArdentRealEstateGroup.com on March 11, 2024. The homeowner is currently asking $580,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 53.56% lower than the median priced home. Local competing homes currently for sale include 623 E 36th St, 2411 Griffith Ave and 132 E 60th St. While the average home in Los Angeles, CA is selling in 97 days, 709 E 49Th St has a days on market of 40 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 709 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 709 E 49Th St

Public county record property details
Beds
5
Baths
2
Year built
1895
Sq. Ft.
1,940
Lot Size
6,596
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
26
APN
5108-010-033

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
$620,000
Median List Price/Sq.Ft.
$470
Median Sold Price
$543,077
Median Sold Price/Sq.Ft.
$393
Total Inventory
41
Median Sale to List Price %
94.45%
Avg Days on Market
18
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (40%), 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.

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