283 E 50th Street, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$749,000
283 E 50th Street, Los Angeles, California 90011
0Bed
0Bath
7,328Sqft
5,438Lot
Year Built
1914
Close
-
List price
$749K
Original List price
$749K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
DW25019788
Home ConditionTear down
Features
View-
About this home
BUILD 4 UNITS_ RTI_ AREADY TO ISSUE all you need JUST PULL THE PERMITS TO START DEVELOPING THIS 4 UNITS. (3 STORY, 2 DUPLEX) the Builders/Developer's can easily start with planning to build a contemporary 3 story, 2 duplex buildings. The front unit, one is a SFR with ADU both are designed with 5 bedrooms and 5 Bathrooms each. The other 2 unit (duplex) are designed with 5 bedrooms and 3 baths each. Easy Access to freeways and public transportation. The project can be delivered in as-is condition with approved plans ready to issue. Please contact listing agents for more details.
Nearby schools
2/10
Main Street Elementary School
Public,•K-5•0.3mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.5mi
5/10
Estrella Elementary School
Public,•K-5•0.5mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.7mi
2/10
Aurora Elementary School
Public,•K-5•0.8mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.8mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.9mi
2/10
Harmony Elementary School
Public,•K-5•0.9mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.0mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.1mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.2mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.6mi
3/10
George Washington Carver Middle School
Public,•6-8•0.7mi
2/10
John Muir Middle School
Public,•6-8•1.4mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.5mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.3mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.4mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.4mi
3/10
Manual Arts Senior High School
Public,•9-12•1.4mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.9mi
5/10
Santee Education Complex
Public,•9-12•2.2mi
Price History
Date
Event
Price
06/21/24
Sold
$500,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (24 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 7,328 | 1,988 | 96% |
| Lot Size | 5,438 | 5,364 | 68% |
| Price | $749K | $710K | 56% |
| Price per square foot | $102 | $348 | 4% |
| Built year | 1914 | 1922 | 44% |
| HOA | |||
| Days on market | 281 | 167 | 84% |
Condition Rating
Tear down
The property was built in 1914 and the image provided shows building plans for a new construction of 4 units. The existing structure is likely unlivable and requires demolition, making the property's value primarily in the land and its development potential.
Pros & Cons
Pros
Development Opportunity: Ready-To-Issue (RTI) permits for a 4-unit development significantly reduces the initial hurdles and timeline for construction.
High Density Potential: The property is zoned for a quadruplex, offering substantial income potential upon completion of the development.
Strategic Location: Easy access to freeways and public transportation enhances the property's appeal to future tenants and increases its marketability.
Cons
As-Is Condition: The property is being sold in 'as-is' condition, potentially requiring immediate capital investment for site preparation and construction commencement.
Construction Required: The property requires complete construction of the planned units, involving significant time, resources, and potential unforeseen costs.