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250 W 49th Street 2, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath

250 W 49th Street 2, Los Angeles, California 90037 home-pic-0
ACTIVE$600,000
250 W 49th Street 2, Los Angeles, California 90037
0Bed
0Bath
2,052Sqft
1,683Lot
Year Built
1923
Close
-
List price
$600K
Original List price
$600K
Price/Sqft
$292
HOA
-
Days on market
-
Sold On
-
MLS number
IN25252085
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $600.0K(13th), sqft - 2052(43th), beds - undefined(50th), baths - undefined(50th).

Excellent Investment Opportunity – Vacant Duplex Near Downtown Los Angeles Welcome to this vacant duplex offering exceptional potential for investors or owner-occupants. The property features two separate units: a 3-bedroom, 1-bath unit and a 2-bedroom, 1-bath unit. Both units are spacious, well laid out, and ready for renovation or immediate occupancy. Ideally located just minutes from Downtown Los Angeles, USC, and SoFi Stadium, this property provides convenient access to major attractions, employment centers, and transportation. Easy access to the 110 and 105 freeways ensures a smooth commute throughout the city. Whether you’re looking to generate rental income, live in one unit and rent the other, or expand your investment portfolio, this centrally located duplex offers endless possibilities in one of LA’s most desirable and rapidly developing areas.

Price History

Date
Event
Price
11/01/25
Listing
$600,000
07/16/96
Sold
$60,000
Condition Rating
Poor
Built in 1923, the property's description explicitly states it 'requires substantial updates to plumbing, electrical, and other core systems.' The images confirm this with a very dated kitchen featuring old cabinets, laminate countertops, and basic tile flooring, and a bathroom with an outdated vanity, fixtures, and wall/floor tiles. While seemingly functional, the property is far from modern and requires significant rehabilitation to meet current living standards, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Income-Generating Duplex: The property features two separate units (3-bedroom, 1-bath and 2-bedroom, 1-bath), offering immediate rental income potential or flexible owner-occupancy options.
Strategic Urban Location: Centrally located just minutes from Downtown Los Angeles, USC, and SoFi Stadium, appealing to a broad tenant base and ensuring strong demand.
Excellent Freeway Access: Proximity to the 110 and 105 freeways provides convenient commuting throughout the city, a significant advantage in Los Angeles.
Value-Add Opportunity: Being vacant and 'ready for renovation' allows investors to immediately implement upgrades to maximize rental income and property value without tenant disruption.
High-Demand Area: Positioned in one of LA’s 'desirable and rapidly developing areas,' suggesting strong appreciation potential and consistent tenant interest.

Cons

Historic Property Age: Built in 1923, the property likely requires substantial updates to plumbing, electrical, and other core systems, incurring significant renovation costs.
Required Renovation Investment: While an opportunity, the need for renovation implies a considerable upfront capital expenditure to modernize units and achieve market-rate rents.
Limited Lot Size: A lot size of 1683 sqft is relatively small for a duplex, potentially limiting outdoor amenities, parking, or future expansion options.

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