Try Advanced Home Search

Hometuity Connects Directly To The MLS and Updates Every 5 Minutes

Property Description

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.

Features
: Wall Furnace
1
0
Additional Information
Avenue Realty Group
0
CLW-C135603
CLW-X8278801
Jonathan
5108010033
: Standard
One
32

Multi-Family For Sale

709 49th Street, Los Angeles, California 90011

1,940 Sqft
$580,000
Listing ID #24367197
Basic Details
Status : Active under contract
DaysOnMarket : 22
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24367197
Price : $580,000
Living Area : 1,940 Sqft
Lot Size : 6,599 Sqft
Year Built : 1895
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90011
Price Per Square Foot : $299
ModificationTimestamp : 2024-04-02 15:29:06
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent