$1,495,000 Price Analysis   ♡   Los Angeles, CA 90037 10 bed 10 bath 4,539 SqFt ($329/SqFt) 6,797SqFt lot. Built 1929 Listed 2024-05-28, Taxes $12,071 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
The subject property is positioned in a solid South Los Angeles location
South of W Vermont Avenue, west of S Fi gueroa Street. Built in 1929, 540 West 49th Street includes a streamlined unit mix of ten (10) one-bedroom / one-bathroom units. This rare, bungalow-style asset features a large center courtyard with easily maintained landscaping. This prperty offers exceptional local amenities nearby including Exposition Park, The Coliseum, BMO Stadium and The Natural History Museum.
Along with these wonderful amenities South LA is one of the highest submarkets for annual rent growth according to CoStar. The property is also located in a position with easy access to the -110 and -10 freeways offering great transportation options to several major employment hubs. 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 #24-396865 from TheMLSCLAW
Full Bathrooms: 10
Heating Features: Wall
Patio Features: Patio Open
Lot Size Acres: 0.1560376
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6797
Other Equipment: Built-Ins, Refrigerator, Range/Oven
Vacancy Allowance: 3267
Calculated Total Monthly Association Fees: 0
Number of Units: 10
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2000
County: Los Angeles
Cap Rate: 5.64
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: 5018-023-033
Postal Code Plus 4: 3320
Property Location: City
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $105,117 + $840,942 $946,059 | $12,071 |
| 2021 | $103,056 + $824,453 $927,509 | $11,907 |
| 2020 | $102,000 + $816,000 $918,000 | $12,020 |
| 2019 | $263,498 + $158,092 $421,590 | $5,954 |
| 2018 | $258,332 + $154,993 $413,325 | $5,865 |
| 2017 | $253,267 + $151,954 $405,221 | $5,711 |
| 2016 | $248,301 + $148,975 $397,276 | $5,544 |
| 2015 | $244,572 + $146,738 $391,310 | $5,473 |
| 2014 | $239,782 + $143,864 $383,646 | $5,559 |
| 2013 | $238,699 + $143,214 $381,913 | $5,554 |
| 2012 | $234,019 + $140,406 $374,425 | $5,622 |
| 2010 | $229,431 + $137,653 $367,084 | $5,445 |
| 2009 | $228,258 + $136,950 $365,208 | $5,267 |
| 2009 | $227,717 + $136,625 $364,342 | $5,267 |
| 2008 | $223,783 + $134,265 $358,048 | $5,070 |
| 2007 | $219,396 + $131,633 $351,029 | $4,904 |
$1,495,000
TheMLSCLAW
Listing removed 2023-08-08
$0
ShowMojo
Listed for rent 2023-07-28
$1,395
ShowMojo
Listing removed 2023-02-17
$0
ShowMojo
Price Changed for rent 2023-02-10
$1,336
ShowMojo
Price Changed for rent 2023-01-27
$1,384
ShowMojo
Price Changed for rent 2023-01-20
$1,432
ShowMojo
Listed for rent 2022-11-10
$1,495
ShowMojo
Sold 2019-02-07
$900,000
CRMLS
Listed 2018-12-17
$950,000
CRMLS
Sold 1995-02-09
$280,000
Public Record
Year Built: 1929
Common Walls: Attached
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 95
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.