1063 E 49th Place, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$1,090,000
1063 E 49th Place, Los Angeles, California 90011
0Bed
0Bath
3,321Sqft
5,912Lot
Year Built
1922
Close
-
List price
$1.09M
Original List price
$1.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW24249491
Home ConditionPoor
Features
Good View:
View-
About this home
Come check out this beautiful Los Angeles Quadplex located in Central Alameda just minutes away from the Crypto Arena, USC, the Fashion District and so much more. Each unit has a mix consisting of 2 bed 1 bath with laundry hook-ups. There are approximately 10 parking spaces accompanied with an additional driveway that is currently leased out for parking and storage. The driveway is perfect for an ADU or a Commercial/Mixed use redevelopment. This property is C2-Zoned with a square foot of 3,321 and 5,912 lot.
Price History
Date
Event
Price
06/30/22
Sold
$987,000
09/15/06
Sold
$635,000
03/24/03
Sold
$345,000
03/25/02
Sold
$165,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (23 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,321 | 2,022 | 92% |
| Lot Size | 5,912 | 5,364 | 79% |
| Price | $1.09M | $710K | 88% |
| Price per square foot | $328 | $345 | 33% |
| Built year | 1922 | 9610962 | 50% |
| HOA | |||
| Days on market | 326 | 177 | 92% |
Condition Rating
Poor
The property was built in 1922 and the images show significant deferred maintenance. The exterior appears worn, and while the description mentions laundry hook-ups in each unit, there's no indication of recent renovations or updates to the kitchens or bathrooms. Given the age and visual condition, substantial repairs and rehabilitation are likely required.
Pros & Cons
Pros
Income Potential: Quadplex with existing rental income from four units, providing immediate cash flow.
Development Opportunity: C2-Zoned lot with potential for ADU construction or commercial/mixed-use redevelopment.
Prime Location: Located in Central Alameda, close to Crypto Arena, USC, and the Fashion District, offering convenient access to amenities and attractions.
Cons
Age of Property: Built in 1922, the property may require ongoing maintenance and potential upgrades due to its age.
Potential Renovation: While functional, the units may benefit from modernization to maximize rental income and attract higher-quality tenants.