907 E 50th Street, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$750,000
907 E 50th Street, Los Angeles, California 90011
0Bed
0Bath
1,290Sqft
5,004Lot
Year Built
1912
Close
-
List price
$750K
Original List price
$650K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW24007604
Home ConditionPoor
Features
ViewNeighborhood
About this home
Back on the market, Previous buyers did not perform. Great property to start your portfolio close to freeways. Front unit 3 bedrooms 1 bath, back unit 1 bedroom 1 bath 1 car garage laundry hook ups and additional storage for back unit. . Property sold AS IS condition. upside potential. Please advice 24hrs prior to showing.
Nearby schools
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.1mi
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
Harmony Elementary School
Public,•K-5•0.7mi
2/10
Main Street Elementary School
Public,•K-5•0.8mi
5/10
Estrella Elementary School
Public,•K-5•0.9mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•1.0mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.3mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.6mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.7mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.9mi
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•1.7mi
2/10
John Muir Middle School
Public,•6-8•2.0mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.9mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.9mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.8mi
3/10
Manual Arts Senior High School
Public,•9-12•2.0mi
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
10/03/16
Sold
$415,000
04/30/12
Sold
$180,500
01/26/04
Sold
$275,000
11/14/03
Sold
$140,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (24 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 1,290 | 1,988 | 12% |
| Lot Size | 5,004 | 5,363 | 28% |
| Price | $750K | $710K | 56% |
| Price per square foot | $581 | $349 | 88% |
| Built year | 1912 | 1922 | 40% |
| HOA | |||
| Days on market | 644 | 167 | 96% |
Condition Rating
Poor
The property was built in 1912 and the listing states it is being sold 'AS IS' with 'upside potential', indicating it requires significant repairs. The images show an older building with what appears to be deferred maintenance. Given the age and the 'AS IS' condition, it likely needs substantial rehabilitation.
Pros & Cons
Pros
Income Potential: Duplex property provides immediate rental income from two units (3 bed/1 bath and 1 bed/1 bath).
Location: Conveniently located close to freeways, offering easy access to various parts of Los Angeles.
Investment Opportunity: Presents a great opportunity to start or expand an investment portfolio.
Garage and Storage: Includes a one-car garage and additional storage space for the back unit, adding value for tenants.
Upside Potential: Property offers upside potential, suggesting opportunities for increased value through improvements or rent increases.
Cons
As-Is Condition: Property is sold in 'AS IS' condition, potentially requiring immediate repairs or renovations.
Previous Buyer Issues: Previous buyers did not perform, which could indicate underlying issues with the property or transaction.
Age of Property: Built in 1912, the property may require updates to meet modern standards and address potential maintenance issues associated with older buildings.