324 W 50th Street

    Los Angeles (City), CA 90037
    • $1,100,000
    • STATUS: Active
    • ON SITE: 77 days
    • ID#: CV20006959
    UPDATED: 6 min ago
    $1,100,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,556
      SQFT
    • $241
      $/SQFT
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    A SPECTACULAR INVESTMENT OPPORTUNITY! THIS 6 UNIT BUILDING HAS IS JUST MINUTES FROM DOWNTOWN LA, LOS ANGELES COLISEUM AND UNIVERSITY OF SOUTHERN CALIFORNIA. THE PROPERTY NEEDS TLC, BUT HAS A HUGE UPSIDE FOR THE RIGHT BUYER/INVESTOR. ALL UNITS BELOW MARKET AND NEED TO BE UPDATED. THERE IS A POTENTIAL 7TH UNIT NEXT TO GARAGE; PLEASE CHECK WITH CITY. EACH UNIT HAS ITS OWN WASHER, DRYER. LANDLORD PAYS TRASH ONLY. IF YOU KNOW SOMEONE THAT IS LOOKING FOR A BUY AND HOLD OPPORTUNITY, THIS MAY BE IT....

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-04T22:28:42.61. 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 deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.

    www.steelecanyonrealty.com/homes/102389848

    324 W 50th Street Los Angeles (City), CA 90037

    • Price: $1,100,000
    • Status: Active
    • Updated: 6 min ago
    • ID#: CV20006959
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,556
    SQFT
    $241
    $/SQFT
    1922
    Built
    Neighborhood:
    C36 - Metropolitan Southwest
    County:
    Los Angeles
    Area:
    C36 - Metropolitan Southwest
    Property Description
    A SPECTACULAR INVESTMENT OPPORTUNITY! THIS 6 UNIT BUILDING HAS IS JUST MINUTES FROM DOWNTOWN LA, LOS ANGELES COLISEUM AND UNIVERSITY OF SOUTHERN CALIFORNIA. THE PROPERTY NEEDS TLC, BUT HAS A HUGE UPSIDE FOR THE RIGHT BUYER/INVESTOR. ALL UNITS BELOW MARKET AND NEED TO BE UPDATED. THERE IS A POTENTIAL 7TH UNIT NEXT TO GARAGE; PLEASE CHECK WITH CITY. EACH UNIT HAS ITS OWN WASHER, DRYER. LANDLORD PAYS TRASH ONLY. IF YOU KNOW SOMEONE THAT IS LOOKING FOR A BUY AND HOLD OPPORTUNITY, THIS MAY BE IT....
    Exterior Features

    Architectural Style Colonial Construction Materials Stucco Fence YN Yes Fencing BlockChain LinkWrought Iron Foundation Details Brick/Mortar Garage Spaces 1.00 Lot Features Front YardRectangular Lot Lot Size Source Assessor Lot Size Units Square Feet Other Structures Guest HouseGuest House Detached Parking Total 1.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Gravel Roof CompositionSee RemarksShingleSpanish Tile Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances Gas OvenGas Water Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S)NoneSee Remarks Fireplace Features None Fireplace YN No Flooring See Remarks Heating See Remarks Heating YN Yes Interior Features 2 StaircasesTile Counters Laundry Features Individual RoomSee Remarks Levels Two Room Type See Remarks Window Features Shutters

    Property Features

    Accessibility Features None Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsGuttersSidewalksStreet LightsSuburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 0.00 Gross Scheduled Income 67500.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN Yes Net Operating Income 54300.00 New Construction YN No New Taxes Expense 15000.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 13200.00 Professional Management Expense 0.00 Property Condition Fixer Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public SewerSewer Paid Special Listing Conditions Standard Tenant Pays All Utilities Total Expenses 14400.00 Trash Expense 500.00 Utilities Electricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected Water Sewer Expense 600.00 Water Source PrivateSee Remarks Year Built Source Public Records Zoning Lard2

    Listing provided courtesy of Frank Parra of Century 21 Masters and Olya Rahmanian of Century 21 Masters


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-04T22:28:42.61. 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 deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.

     
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