324 West 50th Street

Los Angeles, CA 90037

$836,850
Last Sold Price
1
Beds
6
Baths
4,556 Sq. Ft.
$184 / Sq. Ft.
4,556
Sq. Ft.
$184
per Sq. Ft.

Description

Discover a remarkable investment opportunity at 324 W 50th Street in the vibrant city of Los Angeles. This well-maintained 6-unit apartment building offers a diverse array of units, including four spacious 1-bedroom, 1-bath apartments and two convenient studios. The property boasts a substantial lot size of 6,886 square feet, providing room for potential expansion, outdoor amenities, or landscaping enhancements. With a total building size of approximately 4,556 square feet, all residents enjoy comfortable...Discover a remarkable investment opportunity at 324 W 50th Street in the vibrant city of Los Angeles. This well-maintained 6-unit apartment building offers a diverse array of units, including four spacious 1-bedroom, 1-bath apartments and two convenient studios. The property boasts a substantial lot size of 6,886 square feet, providing room for potential expansion, outdoor amenities, or landscaping enhancements. With a total building size of approximately 4,556 square feet, all residents enjoy comfortable living spaces. One of the standout features of this property is its versatility. There is the potential to create an additional dwelling unit (ADU) on the premises, allowing for increased rental income or the provision of a separate living space. Additionally, there is an opportunity to introduce onsite laundry facilities, which can enhance tenant convenience and generate supplementary income. Utility management is streamlined thanks to the existence of separate gas and electric meters for each of the six units. This simplifies billing and ensures efficient handling of tenant utilities. Convenience is key with easy freeway access, making it effortless for tenants to commute and access nearby amenities, shopping centers, and entertainment options. This 6-unit apartment building at 324 W 50th Street is a well-rounded investment in a sought-after Los Angeles location. Its unit mix, potential for expansion, and utility separation make it an attractive prospect for investors seeking steady rental income and future growth opportunities. Don't miss the chance to add this property to your real estate portfolio.
  1. Listed by Julie Bencosme • DRE #01305364 • Brokerage DRE #02119245 • Century 21 Village Realty • 626-202-8502
  2. Listed by Andy Bencosme • DRE #01323356 • Brokerage DRE #02119245 • Century 21 Village Realty

Property Details for 324 West 50th Street

Architectural Style
Colonial
View
City Lights
Parking Spaces Total
1
Private Pool
No
Cooling Type
Wall/Window
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of Century 21 Village Realty, Julie Bencosme, DRE #01305364; Century 21 Village Realty, Andy Bencosme, DRE #01323356

Sold By Buckingham Investments, Inc, Ramsey Karame, DRE #01812848

Add your commute
LISTING UPDATED: 11/28/2023 06:24 AM

Property Details for 324 West 50th Street

StatusClosed
MLS #AR23178693
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
CountyLos Angeles County

Location

Listing Courtesy of Century 21 Village Realty, Julie Bencosme, DRE #01305364; Century 21 Village Realty, Andy Bencosme, DRE #01323356

Sold By Buckingham Investments, Inc, Ramsey Karame, DRE #01812848

Add your commute

Building Information for 324 West 50th Street

Building/Complex324 W 50th StFloor-Stories2Residences-Pet Policy-Year Built1922Building Size-

Payment Calculator

$4,903 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,567

Property Taxes

$336

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 324 West 50th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $67,500
  • Gross Scheduled Income: $67,500
  • Gross Equity: $69,600
  • Net Operating Income: $54,300
  • Financing: Cash
Expense Details
  • Operating Expense: $13,200
  • New Taxes Expense: $15,000
  • Insurance Expense: $1,200
  • Professional Management Expense: $0
  • Trash Expense: $500
  • Water Sewer Expense: $600
  • Total Expenses: $17,300
Tax / Assessment Info
  • Tax Tract Number: 231...
  • Tax Census Tract: 2319.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 31
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Park, Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Appliances: Disposal
  • Equipment: None
  • Interior Features: Storage
  • Room Type: Kitchen, Living Room
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Other
  • Heating: See Remarks
  • Heat Equipment: Other/Remarks
  • Flooring: Carpet, Laminate, Tile, Vinyl
Exterior Features
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fence: Chain Link, Wrought Iron
  • Fencing: Chain Link, Wrought Iron
  • Property Condition: Repairs Cosmetic, Turnkey
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Lot 6500-9999, Near Public Transit
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Other
  • Sewer: Unknown
  • Water Source: Other
Parking Info
  • Garage Spaces: 1
  • Parking: No
  • Parking Garage: On street
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
  • Parking Features: Street
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $700
  • Unit Type Total Rent: $16,800
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $52,800
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 6

Property History for 324 West 50th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 324 West 50th Street

Taxable ValueLand$99,626Additions$149,354Total$248,980
Tax Record2023$4,029 ($336 / month)
Home Facts
Total Finished SqFt4,556 SqFtAbove Grade Finished SqFt4,556 SqFtLot Size6,886 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningLARD2CountyLOS ANGELESAPN5110-022-013

Schools near 324 West 50th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
West Vernon Avenue Elementary School
PublicK to 5

Los Angeles Academy Middle
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Village Realty, Julie Bencosme, DRE #01305364; Century 21 Village Realty, Andy Bencosme, DRE #01323356

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.