1500 West 50th Street

Los Angeles, CA 90062

$755,000
Price
6
Beds
3
Baths
2,047 Sq. Ft.
$369 / Sq. Ft.
2,047
Sq. Ft.
$369
per Sq. Ft.

Description

Great opportunity to own a income property for the price of a single-family home! This well-maintained, remodeled property sits on a large corner lot and features a 4-bedroom, 2-bathroom front house and a 2-bedroom, 1-bathroom separate unit in the back. Both units are fully tenant-occupied with long-term, stable tenants, providing immediate rental income. The property is gated for privacy and includes ample parking. Conveniently located near schools, USC, Bank of California Stadium, museums, downtown...Great opportunity to own a income property for the price of a single-family home! This well-maintained, remodeled property sits on a large corner lot and features a 4-bedroom, 2-bathroom front house and a 2-bedroom, 1-bathroom separate unit in the back. Both units are fully tenant-occupied with long-term, stable tenants, providing immediate rental income. The property is gated for privacy and includes ample parking. Conveniently located near schools, USC, Bank of California Stadium, museums, downtown LA, shopping centers, grocery stores, restaurants, coffee shops, and parks, with easy access to major freeways. This is a fantastic investment opportunity with low maintenance costs and great potential for rental upside in a highly metropolitan area. Ideal for seasoned investors or first-time buyers looking to start collecting income right away!
  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 1500 West 50th Street

Parking Spaces Total
6
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2047
Assessor Parcel Number
5016-034-015
Property Attached YN
false
LISTING UPDATED: 10/11/2024 11:27 PM

Property Details for 1500 West 50th Street

StatusActive
MLS #RS24209898
Days on Market20
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.13 AC / 5,791 SF
CountyLos Angeles County

Building Information for 1500 West 50th Street

Stories2Residences-Year Built1924Building Size-Lot Size0.13 AC / 5,791 SF

Property Information for 1500 West 50th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $43,416
  • Net Operating Income: $32,925
Expense Details
  • Operating Expense: $10,491
  • Fuel Expense: $0
  • Electric Expense: $3,600
  • Insurance Expense: $0
  • Trash Expense: $1,400
  • Water Sewer Expense: $5,000
  • Total Expenses: $10,491
Tax / Assessment Info
  • Tax Block: 52
  • Tax Tract Number: 2323
  • Tax Census Tract: 2323.00
  • CFD/Mello-Roos Fee: $398
  • Tax Lot: 8
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
  • Heating Type: Central
  • Heating: Central
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: 2
  • 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: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,284
  • Unit Type Pro Forma: 4320
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,334
  • Unit Type Pro Forma: 3052
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 1500 West 50th 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 1500 West 50th Street

Taxable ValueLand$294,561Additions$273,212Total$567,773
Tax Record2023$7,208 ($601 / month)
Home Facts
Beds4Total Finished SqFt2,529 SqFtAbove Grade Finished SqFt2,529 SqFtLot Size5,789 SqFtStyleSingle Family ResidenceYear Built1924ZoningLAR1CountyLOS ANGELESAPN5016-034-015

Schools near 1500 West 50th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Public - 6 to 11
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Barack Obama Global Preparation Academy
Public6 to 11

Manual Arts Senior High School
Public9 to 12

California Collegiate Charter School
Charter6 to 8

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.

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1500 West 50th Street is a multi-family home for sale in Los Angeles, CA 90062. This property was listed for sale on October 11, 2024 by Circle Real Estate, it's currently listed at $755,000. It has been on the market for a total of 20 days and was last sold on May 25, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Gifted Academy Of Math And Entrepreneurial Studies, Barack Obama Global Preparation Academy and Manual Arts Senior High School. 1500 West 50th Street is a 6-bed, 3-bath, 2,047 sqft multi-family home built in 1924.

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.