1260 East 49th Street

Los Angeles, CA 90011

$699,000
Price
5
Beds
3
Baths
2,200 Sq. Ft.
$318 / Sq. Ft.
2,200
Sq. Ft.
$318
per Sq. Ft.

Description

Great opportunity to own a solid income-producing triplex for the price of a single-family home! This property features a large front house with 3 bedrooms and 1 bath, plus a separate rear duplex with two 1-bedroom, 1-bath units. The property offers ample parking space and is fully gated for privacy. Currently, all units are fully occupied with long-term, stable tenants, providing immediate rental income. Note: The property will be sold tenant-occupied and will not be delivered vacant. Conveniently...Great opportunity to own a solid income-producing triplex for the price of a single-family home! This property features a large front house with 3 bedrooms and 1 bath, plus a separate rear duplex with two 1-bedroom, 1-bath units. The property offers ample parking space and is fully gated for privacy. Currently, all units are fully occupied with long-term, stable tenants, providing immediate rental income. Note: The property will be sold tenant-occupied and will not be delivered vacant. Conveniently located near schools, shopping centers, downtown LA, LA Live, Staples Center, grocery stores, restaurants, coffee shops, parks, and with easy access to major freeways. This well-maintained property has low maintenance costs and offers great rental upside potential in a highly desirable metropolitan location. Ideal for both seasoned investors and first-time buyers looking to start collecting income right away. Priced to sell—don’t miss this fantastic investment opportunity!
  1. Listed by Mark Perez • DRE #01279393 • Brokerage DRE #02142871 • Circle Real Estate • 562-754-0660
  2. Listed by Gabriel Mejorado • DRE #02113110 • Brokerage DRE #02142871 • Circle Real Estate

Property Details for 1260 East 49th Street

Parking Spaces Total
6
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2200
Assessor Parcel Number
5107-025-011
Property Attached YN
true
LISTING UPDATED: 10/11/2024 11:27 PM

Property Details for 1260 East 49th Street

StatusActive
MLS #RS24209910
Days on Market53
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.15 AC / 6,745 SF
CountyLos Angeles County

Building Information for 1260 East 49th Street

Stories1Residences-Year Built1956Building Size-Lot Size0.15 AC / 6,745 SF

Property Information for 1260 East 49th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $48,816
  • Net Operating Income: $41,190
  • Cap Rate: 5.5
Expense Details
  • Operating Expense: $7,626
  • Fuel Expense: $0
  • Electric Expense: $1,250
  • Insurance Expense: $0
  • Trash Expense: $1,376
  • Water Sewer Expense: $5,000
  • Total Expenses: $7,626
Tax / Assessment Info
  • Tax Block: 3
  • Tax Tract Number: 228...
  • Tax Census Tract: 2287.10
  • CFD/Mello-Roos Fee: $459
  • Tax Lot: 22
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
Exterior Features
  • Entry Location: bottom
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,658
  • Unit Type Pro Forma: 3915
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,205
  • Unit Type Pro Forma: 2407
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,205
  • Unit Type Pro Forma: 2407
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 1260 East 49th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1260 East 49th Street

Taxable ValueLand$228,342Additions$216,323Total$444,665
Tax Record2024$5,794 ($483 / month)
Home Facts
Total Finished SqFt2,200 SqFtAbove Grade Finished SqFt2,200 SqFtLot Size6,743 SqFtStyleTriplexYear Built1956ZoningLAR2CountyLOS ANGELESAPN5107-025-011

Schools near 1260 East 49th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sally Ride Elementary: A Smart Academy
PublicK to 5

Alliance Kory Hunter Middle
Charter6 to 8

Nava College Preparatory Academy
Public9 to 12

Thomas Jefferson Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1260 East 49th Street is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on October 11, 2024 by Circle Real Estate, it's currently listed at $699,000. It has been on the market for a total of 53 days and was last sold on May 23, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Sally Ride Elementary: A Smart Academy, Alliance Kory Hunter Middle and Nava College Preparatory Academy. 1260 East 49th Street is a 5-bed, 3-bath, 2,200 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Circle Real Estate, Mark Perez, DRE #01279393; Circle Real Estate, Gabriel Mejorado, DRE #02113110

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.