$1,195,000 Price Analysis   ♡   Los Angeles, CA 90037 10 bed 9 bath 4,356 SqFt ($274/SqFt) 6,796SqFt lot. Built 1926 Listed 2024-05-28, Taxes $11,758 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
The subject property is positioned in a solid South Los Angeles locaton
South of W Vermont Avenue, west of S Figueroa Street. Built in 1926, 533 West 49th Street includes a favorable unit mix of eight (8) one-bedroom / one-bathroom units and one (1) two-bedroom / one-bathroom unit. This property is a rare, bungalow-style asset that features a large center courtyard with easily maintained landscaping.
The units are spread across three (3) separate buildings giving tenants a quiet and private location. The property also includes ample street parking for tenants. Situated in a solid South LA location, this offering presents an excellent opportunity for any investor to capitalize on an attractive assumable loan in a rapidly developing pocket of Los Angeles.
Presented by Jason Tuvia at
Marcus & Millichap.
Property MLS #24-396887 from TheMLSCLAW
Full Bathrooms: 9
Laundry Features: Laundry Area
Heating Features: Wall
Patio Features: Patio Open
Lot Size Acres: 0.1560147
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6796
Other Equipment: Built-Ins, Range/Oven, Refrigerator
Vacancy Allowance: 2305
Calculated Total Monthly Association Fees: 0
Number of Units: 9
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2000, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2500
County: Los Angeles
Cap Rate: 4.63
Directions: The subject property is positioned in a solid South Los Angeles location, south of W Vermont Avenue, west of S Figueroa Street.
Source Property Type: Residential Income
Area: Downtown L.A.
Source Neighborhood: Downtown L.A.
Parcel Number: 5018-025-021
Postal Code Plus 4: 3319
Property Location: City
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $78,837 + $840,942 $919,779 | $11,758 |
| 2021 | $77,292 + $824,453 $901,745 | $11,599 |
| 2020 | $76,500 + $816,000 $892,500 | $11,720 |
| 2019 | $275,000 + $600,000 $875,000 | $11,284 |
| 2018 | $26,691 + $22,381 $49,072 | $1,513 |
| 2017 | $26,168 + $21,943 $48,111 | $1,455 |
| 2016 | $25,655 + $21,513 $47,168 | $1,377 |
| 2015 | $25,270 + $21,190 $46,460 | $1,369 |
| 2014 | $24,775 + $20,775 $45,550 | $1,439 |
| 2013 | $24,664 + $20,682 $45,346 | $1,423 |
| 2012 | $24,181 + $20,277 $44,458 | $1,436 |
| 2010 | $23,707 + $19,880 $43,587 | $1,357 |
| 2009 | $23,586 + $19,779 $43,365 | $1,318 |
| 2009 | $23,530 + $19,732 $43,262 | $1,318 |
| 2008 | $23,124 + $19,392 $42,516 | $1,295 |
| 2007 | $22,671 + $19,012 $41,683 | $1,249 |
$1,195,000
TheMLSCLAW
Listed 2024-05-28
$1,250,000
TheMLSCLAW
Sold 2019-02-07
$875,000
CRMLS
Listed 2018-12-17
$900,000
CRMLS
Sold 1971-09-29
$20,500
Public Record
Year Built: 1926
Common Walls: Attached
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 98
Property Condition: Repairs Major, Updated/Remodeled
Levels or Stories: 2
Building Total Stories: 2
House Style: Bungalow
Year Built Source: Vendor Enhanced
Architectural Style: Bungalow
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.