241 West 50th Street

Los Angeles, CA 90037

$1,190,000
Price
10
Beds
6
Baths
3,646 Sq. Ft.
$326 / Sq. Ft.
3,646
Sq. Ft.
$326
per Sq. Ft.

Description

Recently built (2018) two-unit property in downtown Los Angeles offers a strong investment potential. Featuring open floor plans that maximize space and natural light. Each unit offers 5 bedrooms and 3 bathrooms and modern kitchens and quality finishes. With generous parking, this property is a perfect opportunity for investors.Recently built (2018) two-unit property in downtown Los Angeles offers a strong investment potential. Featuring open floor plans that maximize space and natural light. Each unit offers 5 bedrooms and 3 bathrooms and modern kitchens and quality finishes. With generous parking, this property is a perfect opportunity for investors.
  1. Listed by Jae Chang • DRE #01752717 • Brokerage DRE #01791559 • Redpoint Realty

Property Details for 241 West 50th Street

Water Front
None
Zoning
LAR2
Parcel Number
5110020022
Total Units
2.0
Living Area
3646
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
0
LISTING UPDATED: 12/05/2024 08:43 AM

Property Details for 241 West 50th Street

StatusActive
MLS #24-455797
Days on Market60
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2018
Lot Size0.12 AC / 5,444 SF
CountyLos Angeles County

Building Information for 241 West 50th Street

Stories2Residences-Year Built2018Building Size-Lot Size0.12 AC / 5,444 SF

Property Information for 241 West 50th Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 2 Unit
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
  • Direction Faces: South
  • Water Heaters: Yes
  • Building Permit: Yes
Contract Info
Contract Info
  • Disclosures: 3rd Party Rights, As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $79,200
  • Net Operating Income: $59,400.00
  • Gross Income: $79,200
  • Cap Rate: 4.75%
  • Gross Rent Multiplier: $15.78
  • Actual Annual Gross Rent: $79,200.00
  • Actual Rent Total: $79,200.00
  • Total Annual Expense: 19800
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Lot Acreage: 0.125
  • Lot Size Square Feet: 5444
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 4
  • Covered Parking: 1
  • Open Other Spaces Total: 3
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Mixed, Stone Tile, Carpet
  • Equipment: Gas Or Electric Dryer Hookup, Other
  • Common Walls: Attached
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 10-22-2024
  • Rent Control: No
  • Tenant Pays: Electricity, Cable TV, Gas, Water, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 5
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,300.00
  • Unit Actual Rent: $3,300.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 5
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,300.00
  • Unit Actual Rent: $3,300.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $525,377.00
  • Assessed Improvement Percent: 56.52
  • Assessed Land Value: $404,218.00
  • Assessed Land Percent: 43.48
  • Assessed Total Value: $929,595.00

Property History for 241 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 241 West 50th Street

Taxable ValueLand$412,302Additions$535,884Total$948,186
Tax Record2024$11,838 ($987 / month)
Home Facts
Total Finished SqFt3,646 SqFtAbove Grade Finished SqFt3,646 SqFtLot Size5,444 SqFtStyleDuplexYear Built2018ZoningLAR2CountyLOS ANGELESAPN5110-020-022

Schools near 241 West 50th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
West Vernon Avenue Elementary School
PublicK to 5

Los Angeles Academy Middle
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

241 West 50th Street is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on October 22, 2024 by Redpoint Realty, it's currently listed at $1,190,000. It has been on the market for a total of 60 days and was last sold on February 14, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include West Vernon Avenue Elementary School, Los Angeles Academy Middle and Thomas Jefferson Senior High School. 241 West 50th Street is a 10-bed, 6-bath, 3,646 sqft multi-family home built in 2018.

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 Redpoint Realty, Jae Chang, DRE #01752717

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.