625 E 50th Street, Los Angeles, CA 90011
625 E 50th Street, Los Angeles, CA 90011
625 E 50th Street, Los Angeles, CA 90011
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$850,000
Est. payment /mo
4,242 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,242 sqft

Price per Sqft $200

MLS Listing ID CL26650153

HOA Y/N No

Year Built 1925

Lot Size 6,610 Sqft

Acres 0.15

Property Sub-Type Other

Property Description

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 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.

Location

State CA

County Los Angeles

Zoning LAR2

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Building

New Construction No

Others

Tax ID 5108011028


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Bridge MLS
Listed by Brandon Evans • Lyon Stahl Investment Real Estate, Inc.

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625 E 50th Street