915 East 50th Street

Los Angeles, CA 90011

$1,299,000
Price
12
Beds
6
Baths
5,807 Sq. Ft.
$224 / Sq. Ft.
5,807
Sq. Ft.
$224
per Sq. Ft.

Description

Prce Reduction ! Excellent investment opportunity to have a stunning Six Unit Apartment with the Income of $8,899/month in the prime location of Los Angeles Downtown area. This gorgeous apartment consists of 2 separate buildings with 3 units of 2bed/1bath and 3 units of 1bed/1bath. Rear building was built in 1994. It features well maintained buildings, safe metal fence, secured metal gate and on-site laundry room. The property is situated on a 12,652 square foot parcel with 10 parking spaces. Each...Prce Reduction ! Excellent investment opportunity to have a stunning Six Unit Apartment with the Income of $8,899/month in the prime location of Los Angeles Downtown area. This gorgeous apartment consists of 2 separate buildings with 3 units of 2bed/1bath and 3 units of 1bed/1bath. Rear building was built in 1994. It features well maintained buildings, safe metal fence, secured metal gate and on-site laundry room. The property is situated on a 12,652 square foot parcel with 10 parking spaces. Each unit has separate gas and electric meters and has individual water heaters. Conveniently located with 5 miles to LADT and 3 miles to USC. Easy access to major Freeways 110 and public transportation. Interior showing is subject to an accepted offer. Seller is motivated.
  1. Listed by Jung-Anna Kim • DRE #00797256 • Brokerage DRE #01004371 • Masters Realty & Investment

Property Details for 915 East 50th Street

Zoning
LAR2
Parcel Number
5108016030
Total Units
6.0
Living Area
5807
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
0
Lot Size Area
12656
LISTING UPDATED: 09/26/2024 04:04 PM

Property Details for 915 East 50th Street

StatusActive
MLS #24-391301
Days on Market189
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.29 AC / 12,656 SF
CountyLos Angeles County

Building Information for 915 East 50th Street

Stories2Residences-Year Built1905Building Size-Lot Size0.29 AC / 12,656 SF

Property Information for 915 East 50th Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $106,787
  • Net Operating Income: $.00
  • Gross Income: $106,787
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2905
  • Lot Size Square Feet: 12656
  • Lot Size Dimensions: 81x156
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Driveway - Pavers
  • Total Parking: 10
  • Open Other Spaces Total: 10
  • Parking Features: Paved
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 05-13-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,824.00
  • Unit Actual Rent: $1,824.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,247.00
  • Unit Actual Rent: $1,247.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,772.00
  • Unit Actual Rent: $1,772.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $831.00
  • Unit Actual Rent: $831.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $827.00
  • Unit Actual Rent: $827.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,396.00
  • Unit Actual Rent: $2,396.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $408,000.00
  • Assessed Improvement Percent: 38.1
  • Assessed Land Value: $663,000.00
  • Assessed Land Percent: 61.9
  • Assessed Total Value: $1,071,000.00

Property History for 915 East 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 915 East 50th Street

Taxable ValueLand$676,260Additions$416,160Total$1,092,420
Tax Record2024$14,424 ($1,202 / month)
Home Facts
Total Finished SqFt5,807 SqFtAbove Grade Finished SqFt5,807 SqFtStories2Lot Size12,653 SqFtStyleMulti-Family Res (5+ Units)Year Built1905ZoningLAR2CountyLOS ANGELESAPN5108-016-030

Schools near 915 East 50th 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
Forty-Ninth Street Elementary School
PublicK to 5

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.

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915 East 50th Street is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on May 13, 2024 by Masters Realty & Investment, it's currently listed at $1,299,000. It has been on the market for a total of 189 days and was last sold on March 1, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Forty-Ninth Street Elementary School, Alliance College-Ready Middle Academy No. 12 and Social Justice Schools: Fine Arts Academy At Dr. Maya Angelou Community High. 915 East 50th Street is a 12-bed, 6-bath, 5,807 sqft multi-family home built in 1905.

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 Masters Realty & Investment, Jung-Anna Kim, DRE #00797256

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.