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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,600,000

Est. payment - /mo

7 Beds

7 Baths

3,532 SqFt

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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

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Listed by Elanit Ellie Kohansedgh Coldwell Banker Realty #01464813

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871 E 49th ST Los Angeles, CA 90011