14
See all 14 photos
$1,600,000
Est. payment /mo
7 Beds
7 Baths
3,532 SqFt
Active
871 E 49th ST Los Angeles, CA 90011
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,532 sqft
Price per Sqft $453
MLS Listing ID 26644433
Bedrooms 7
HOA Y/N No
Year Built 1914
Lot Size 7,501 Sqft
Property Description
871875 E. 49th Street presents a compelling multi-unit investment opportunity located in a rapidly improving area near USC. The property consists of seven (7) residential units spread across three (3) separate buildings, offering a desirable low-density layout and flexible unit mix.Per title records, the property reflects 7 bedrooms and 7 bathrooms. However, several units have had additional, unpermitted bedrooms added, resulting in a current functional configuration of approximately 11 bedrooms and 7 bathrooms. Select units have been remodeled over time as they became vacant, with improvements varying by unit. The property offers upside potential through continued renovations, stabilization, and optimization of rents. The location is a strong draw for tenants, situated near the University of Southern California, within close proximity to shopping, dining, and public transportation, and positioned in an up-and-coming neighborhood experiencing ongoing investment and redevelopment. This property may be attractive to investors seeking value-add potential in a high-demand rental market. Buyer to conduct their own independent due diligence with respect to unit count, square footage, bedroom configuration, permits, zoning, and any other matters of material importance. Agents and sellers make no representations or warranties, express or implied, regarding the accuracy of information provided rare opportunity to acquire a multi-building asset in a prime infill location with long-term growth prospects.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR2
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features None
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5108020023
Special Listing Condition Standard
Listed by Elanit Ellie Kohansedgh Coldwell Banker Realty #01464813
Nearby Locations
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