We are pleased to present 625 E 50th Street, a value add 7-unit investment opportunity with approximately 99% rental upside in South Los Angeles, CA. The property is comprised of two detached structures totaling 4,242 SF with a unit mix of all (7) 1 bed / 1 Bath units. The… Read More property will be delivered fully occupied with a gross monthly income of $6,548, or $78,577 annually. The opportunity will yield a savvy investor with a low basis ($121,429 per unit) with huge upside potential (approx. 99%).625 E 50th Street is centrally located just east of Avalon Boulevard , South Park Recreation Center, and the 110 freeway with easy access to Downtown LA, South Bay, USC, LAX, and SoFi Stadium. South Los Angeles has seen significant growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average 1-bedroom market rents reaching $1,800-$2,100 and HACLA vouchers currently at $2,289. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
66
Last Updated
Property Type
Other
Beds
7
Square Ft.
4,242
Lot Size
0.15 Acres
Year Built
1925
MLS Number
26650153
Additional Details
Appliances & Equipment
Refrigerator, Range/Oven
Building
4,242 sq ft, Built in 1925, Levels: Multi/Split
Cooling
Wall/Window
Disclosures
As Is
Garage
None
Heating
Wall
Lot
LotAcreage: 0.1517, LotSizeArea: 6,610
Parking
TotalParking: 0
Property
NumberOfUnits: 7, Zoning: LAR2
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Confirm your time
Fill in your details and we will contact you to confirm a time.
