1141 East 50th Street, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$1,190,000
1141 East 50th Street, Los Angeles, California 90011
0Bed
0Bath
2,100Sqft
5,398Lot
Year Built
1924
Close
-
List price
$1.19M
Original List price
$1.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SR25221770
Home ConditionExcellent
Features
Patio
View-
About this home
PERFECT for a BUYER TO LIVE IN THE 3 BEDROOM 1 BATH FRONT UNIT (It's VACANT) and get their mortgage paid for by the other 3 rental units (current rent roll for the 3 occupied units are $6590/month. FHA APPROVED! This is a beautiful FULLY REMODELED 4-PLEX including One FREESTANDING BRAND NEW 1 BEDROOM ADU. The 3 Bedroom 1 bath unit is VACANT while the other 1 bedroom 1 bedroom are getting $2288, $2249, $2053. Pro forma for the Vacant 3/1 is $3500. There is room for 2 car parking in the front and additional parking spots in the back. 3 separate buildings and 4 gas and electrical meters. With all units rented out, one can expect an annual income of $121,080. Submit your offer Today!
Nearby schools
2/10
Hooper Avenue Elementary School
Public,•1-5•0.2mi
2/10
Aurora Elementary School
Public,•K-5•0.2mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.3mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.4mi
4/10
Ascot Avenue Elementary School
Public,•K-5•0.5mi
2/10
Harmony Elementary School
Public,•K-5•0.7mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.8mi
2/10
Holmes Avenue Elementary School
Public,•K-6•0.9mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.1mi
5/10
Estrella Elementary School
Public,•K-5•1.1mi
4/10
Quincy Jones Elementary School
Public,•K-5•1.2mi
5/10
Lillian Street Elementary School
Public,•K-6•1.2mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•1.5mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.7mi
5/10
Pacific Boulevard School
Public,•K-5•1.9mi
3/10
George Washington Carver Middle School
Public,•6-8•0.5mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.6mi
3/10
Thomas A. Edison Middle School
Public,•6-8•1.2mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.3mi
6/10
Vernon City Elementary School
Public,•K-7•1.5mi
3/10
Henry T. Gage Middle School
Public,•6-8•2.5mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.8mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.8mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.1mi
5/10
Santee Education Complex
Public,•9-12•2.1mi
4/10
Huntington Park Senior High School
Public,•9-12•2.2mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•3.7mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•3.8mi
Price History
Date
Event
Price
11/02/25
Price Change
$1,190,000-0.8%
09/25/25
Listing
$1,200,000
04/28/23
Sold
$575,000
08/16/13
Sold
$215,000
11/28/07
Sold
$458,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (23 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,100 | 2,022 | 58% |
| Lot Size | 5,398 | 5,364 | 54% |
| Price | $1.19M | $710K | 88% |
| Price per square foot | $567 | $348.5 | 88% |
| Built year | 1924 | 9615962 | 67% |
| HOA | |||
| Days on market | 41 | 167 | 4% |
Condition Rating
Excellent
Despite being built in 1924, the property is described as 'FULLY REMODELED' with a 'BRAND NEW 1 BEDROOM ADU.' The interior images support this, showcasing modern wood-look tile flooring, fresh paint, white shaker-style kitchen cabinets, dark countertops, and a contemporary mosaic tile backsplash. The vacant unit appears move-in ready with no immediate renovations required, aligning with current quality standards for a recently renovated property. While the exterior shows an older structure and the heating system is a wall heater rather than central HVAC, the extensive interior updates and the new ADU justify an excellent rating based on the significant recent investment and modern finishes.
Pros & Cons
Pros
Strong Income Potential: This quadruplex offers significant income generation, with a projected annual income of $121,080 when all units are rented, making it an attractive investment.
Owner-Occupant Opportunity: The vacant 3-bedroom, 1-bath front unit allows a buyer to live on-site and have their mortgage substantially offset by the rental income from the other three units.
Fully Remodeled & New ADU: The property is described as 'fully remodeled' and includes a 'brand new 1 bedroom ADU,' indicating modern updates and potentially lower immediate maintenance costs.
FHA Approved: Being FHA approved broadens the potential buyer pool, making it accessible to a wider range of purchasers seeking favorable financing options for multi-unit properties.
Separate Utilities & Ample Parking: The presence of 4 separate gas and electrical meters simplifies tenant billing, and multiple parking spots (front and back) are a valuable amenity in Los Angeles.
Cons
Overpriced Relative to Estimation: The current list price of $1.19M is 11% higher than the property's estimated value of $1.056M, which may indicate it is overpriced and could deter potential buyers.
Age of Property: Built in 1924, despite recent renovations, the property's age could lead to unforeseen maintenance issues or require more frequent upkeep of underlying systems compared to newer constructions.
Lack of Desirable Views: The property explicitly states 'view: None,' which could be a drawback for buyers seeking scenic vistas, a feature often valued in the Los Angeles real estate market.