625 E 49th Street, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$1,148,000
625 E 49th Street, Los Angeles, California 90011
0Bed
0Bath
3,978Sqft
5,489Lot
Year Built
1948
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW24080691
Home ConditionFair
Features
View-
About this home
An investment property is suitable for the owner to live in and manage. This is an excellent opportunity to own a 4-unit property. Gross rental income of $8403 per month is equipped with 10 bedrooms and 4 bathrooms. Potential ADU more income. Enough parking space and easy alley access.
Nearby schools
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.2mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.5mi
2/10
Aurora Elementary School
Public,•K-5•0.5mi
2/10
Main Street Elementary School
Public,•K-5•0.6mi
2/10
Harmony Elementary School
Public,•K-5•0.7mi
5/10
Estrella Elementary School
Public,•K-5•0.8mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.8mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.0mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.3mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.4mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.6mi
3/10
George Washington Carver Middle School
Public,•6-8•0.4mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.5mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.5mi
2/10
John Muir Middle School
Public,•6-8•1.8mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.0mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.1mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.6mi
3/10
Manual Arts Senior High School
Public,•9-12•1.7mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.0mi
5/10
Santee Education Complex
Public,•9-12•2.1mi
Price History
Date
Event
Price
03/24/21
Sold
$875,000
09/28/18
Sold
$875,000
09/29/17
Sold
$571,000
01/10/07
Sold
$700,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (23 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,978 | 2,022 | 96% |
| Lot Size | 5,489 | 5,364 | 67% |
| Price | $1.15M | $710K | 88% |
| Price per square foot | $289 | $345 | 21% |
| Built year | 1948 | 9615962 | 79% |
| HOA | |||
| Days on market | 562 | 178 | 96% |
Condition Rating
Fair
The property was built in 1948. The images show that the kitchen and bathrooms have been updated with new appliances, cabinets, and tiling. However, the overall condition of the building appears aged, suggesting that while some renovations have occurred, it's likely been more than 15 years since a major overhaul. Therefore, a 'fair' rating is appropriate.
Pros & Cons
Pros
Income Potential: The property generates a gross rental income of $8403 per month, presenting a strong income opportunity for investors.
Multi-Unit Property: As a 4-unit property, it offers multiple income streams and potential for owner-occupancy and management.
Development Potential: The property has potential for an Additional Dwelling Unit (ADU), which could further increase income.
Cons
Age: Built in 1948, the property may require ongoing maintenance and potential upgrades due to its age.
Location: The property is located in the Metropolitan South area of Los Angeles, which may have specific market dynamics and considerations.