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762 E 50th St, Los Angeles, CA 90011
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762 E 50th St Los Angeles, CA 90011

$1,325,000 Sold Price as of 01/11/2021
  • 10 Beds
  • 5 Baths
  • 3,210 Sq.Ft.
Sold
$1,325,000 Sold Price as of 01/11/2021 Refinance Your Mortgage
Map preview of 762 E 50th St, Los Angeles, CA 90011

Property Overview: 762 E 50th St Los Angeles, CA has 10 bedrooms, 5 bathrooms, 3,210 living square feet and 6,062 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: GROUND-UP RENOVATION COMPLETED 2020: ALL SYSTEMS UPGRADED. Presented for sale is a 5-unit apartment building located in the South Park neighborhood of Los Angeles, CA, just an 8-minute drive to USC. The two structures, both individually metered for gas & electric, consist of an SFR (2 bedroom + 1 bathroom), and a FOURPLEX (one 3 bedroom + 1 bathroom unit, two 2 bedroom + 1 bathroom units, and one 1 bedroom + 1 bathroom unit). UPGRADES INCLUDE NEW: roof, windows, stucco, electrical, plumbing, tankless water heaters, flooring, kitchens, bathrooms, low-maintenance landscaping, security cameras, awnings, a/c units, etc. Fully-occupied, stabilized, strong cash-flow. Some tenants Section 8. Great 1031 Exchange property.

Listed by Zach Krasman | BRE #01814990 | Compass
Last checked: 6 minutes ago | Last updated: August 10th, 2022 | Source CRMLS | DOM: 76

Home details

Lot Sq. Ft
6,062
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20609460
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,339
  • Total Rent: $2,339
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,750
  • Total Rent: $2,750
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,339
  • Total Rent: $2,339
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.13%
  • Gross Rent Multiplier: 10.2
  • Gross Scheduled Income: --
  • Net Operating Income: $99,805
  • Gross Operating Income: $133,022
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 762 E 50th St

Interior Features
Heating Information
  • Has Heating
  • Combination
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: 5
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 5108013005
  • Property Condition: Additions/Alterations, Repairs Major, Repairs Cosmetic, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: McKinley Ave. and 50th St.
View more facts & features

Local Los Angeles Agent

Sale History for 762 E 50th St

Last sold for $1,325,000 on January 11th, 2021

  • January, 2021

  • Jan 19, 2021

    Date

    Sold

    CRMLS: 20609460

    $1,325,000

    Price

  • Dec 18, 2020

    Date

    Pending

    CRMLS: 20609460

    $1,399,000

    Price

  • Nov 4, 2020

    Date

    Active Under Contract

    CRMLS: 20609460

    $1,399,000

    Price

  • Oct 6, 2020

    Date

    Price Change

    CRMLS: 20609460

    $1,399,000

    Price

  • Aug 6, 2020

    Date

    Price Change

    CRMLS: 20609460

    $1,575,000

    Price

  • Jul 26, 2020

    Date

    Active

    CRMLS: 20609460

    $1,675,000

    Price

  • January, 2021

  • Jan 11, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,325,000

    Price

  • February, 2019

  • Feb 15, 2019

    Date

    Sold

    CRMLS: PW18269988

    $565,000

    Price

  • Feb 8, 2019

    Date

    Pending

    CRMLS: PW18269988

    $620,000

    Price

  • Jan 22, 2019

    Date

    Active Under Contract

    CRMLS: PW18269988

    $620,000

    Price

  • Jan 22, 2019

    Date

    Pending

    CRMLS: PW18269988

    $620,000

    Price

  • Nov 29, 2018

    Date

    Price Change

    CRMLS: PW18269988

    $620,000

    Price

  • Nov 9, 2018

    Date

    Active

    CRMLS: PW18269988

    $650,000

    Price

  • Listing provided courtesy of CRMLS

    HUGE PRICE REDUCTION! Seller very motivated, Great Investment Opportunity, 5 units on a lot. 2 separate building. One apartment is 2 bedrooms 1 bathroom, the rest are 1 bedroom 1 bath. Property is centrally located near everything USC, Museums, Downtown L.A., Schools, Parks and Freeway access. Don't miss out on this opportunity! seller is very motivated. Property is in Rent Control Area.

  • February, 2019

  • Feb 15, 2019

    Date

    Sold

    CRMLS: PW18264603

    $565,000

    Price

  • Jan 22, 2019

    Date

    Active Under Contract

    CRMLS: PW18264603

    $620,000

    Price

  • Jan 22, 2019

    Date

    Pending

    CRMLS: PW18264603

    $620,000

    Price

  • Nov 26, 2018

    Date

    Price Change

    CRMLS: PW18264603

    $620,000

    Price

  • Nov 2, 2018

    Date

    Active

    CRMLS: PW18264603

    $650,000

    Price

  • Listing provided courtesy of CRMLS

    Great Investment Opportunity, 5 units on a lot. 2 separate building. One apartment is 2 bedrooms 1 bathroom, the rest are 1 bedroom 1 bath. Property is centrally located near everything USC, Museums, Downtown L.A., Schools, Parks and Freeway access. Don't miss out on this opportunity! seller is very motivated. Property is located in Rent Control area.

  • February, 2019

  • Feb 15, 2019

    Date

    Sold (Public Records)

    Public Records

    $565,000

    Price

Show More

Tax History for 762 E 50th St

Assessed Value (2020): $624,240
Year Land Value Improved Value Assessed Value
2020 $408,000 $216,240 $624,240

Home Value Compared to the Market

This property vs the competition

762 E 50th St sold on January 11, 2021 for 24.91% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $435.83 per/sqft which puts the price per square foot 39.8% lower than the current median sale per square foot for the city of Los Angeles.

About 762 E 50th St

Detailed summary of property

762 E 50th St is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 10 bedrooms, 5 bathrooms, roughly 3,210 living square feet, and sits on an approximately 6,062 square foot lot. 762 E 50th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,325,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 24.91% higher than the current median priced home. Local homes that are currently for sale include 6616 S Figueroa St, 1827 E 66th St and 807 E 21st St. While the average home in Los Angeles, CA is selling in 106 days, 762 E 50th St has a days on market of 76 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 762 E 50th 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 762 E 50th St

Public county record property details
Beds
9
Baths
5
Year built
1924
Sq. Ft.
3,210
Lot Size
6,062
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
5108-013-005

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%)

Thinking of Selling?

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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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