762 East 50th Street

Los Angeles, CA 90011

$1,325,000
Last Sold Price
10
Beds
5
Baths
3,210 Sq. Ft.
$413 / Sq. Ft.
3,210
Sq. Ft.
$413
per Sq. Ft.

Description

GROUND-UP RENOVATION COMPLETED 2020: ALL SYSTEMS UPGRADED. Presented for sale is a 5-unit apartment building located in the South Park neighborhood of Los Angeles, CA, just an 8-minute drive to USC. The two structures, both individually metered for gas & electric, consist of an SFR (2 bedroom + 1 bathroom), and a FOURPLEX (one 3 bedroom + 1 bathroom unit, two 2 bedroom + 1 bathroom units, and one 1 bedroom + 1 bathroom unit). UPGRADES INCLUDE NEW: roof, windows, stucco, electrical, plumbing, tankless...GROUND-UP RENOVATION COMPLETED 2020: ALL SYSTEMS UPGRADED. Presented for sale is a 5-unit apartment building located in the South Park neighborhood of Los Angeles, CA, just an 8-minute drive to USC. The two structures, both individually metered for gas & electric, consist of an SFR (2 bedroom + 1 bathroom), and a FOURPLEX (one 3 bedroom + 1 bathroom unit, two 2 bedroom + 1 bathroom units, and one 1 bedroom + 1 bathroom unit). UPGRADES INCLUDE NEW: roof, windows, stucco, electrical, plumbing, tankless water heaters, flooring, kitchens, bathrooms, low-maintenance landscaping, security cameras, awnings, a/c units, etc. Fully-occupied, stabilized, strong cash-flow. Some tenants Section 8. Great 1031 Exchange property.

Listing Agent

  1. Zach Krasman

    Zach Krasman

    Listing Agent

    Compass

    DRE #01814990

Property Details for 762 East 50th Street

Zoning
R2
Parcel Number
5108013005
Total Units
5.0
Living Area
3210
Source Living Area
Assessor
Area
Downtown L.A. (C42)
Vacancy Rate
0
Lot Size Area
6062

Location

Listing Courtesy of Compass, Zach Krasman, DRE #01814990

Sold By TMG Investment Real Estate, Juan Michael, DRE #01830409

Add your commute
LISTING UPDATED: 08/10/2022 03:16 PM

Property Details for 762 East 50th Street

StatusSold
MLS #20-609460
Days on Market76
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.14 AC / 6,062 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Zach Krasman, DRE #01814990

Sold By TMG Investment Real Estate, Juan Michael, DRE #01830409

Add your commute

Building Information for 762 East 50th Street

Stories2Residences-Year Built1924Building Size-Lot Size0.14 AC / 6,062 SF

Payment Calculator

$8,683 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,231

Property Taxes

$1,452

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 762 East 50th Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Multifamily
  • Property Condition: New Construction, Additions/Alter, Repairs Major, Repair Cosmetic, Updated/Remodeled
  • Water Heaters: Yes
  • Water Heater Features: Tankless
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $133,022
  • Net Operating Income: $99,805.00
  • Gross Income: $137,136
  • Cap Rate: 7.13%
  • Gross Rent Multiplier: $10.20
  • Financial Info as Of: 07/24/2020
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 33217
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1392
  • Lot Size Square Feet: 6062
  • Lot Size Dimensions: 40x150
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 5
  • Open Other Spaces Total: 5
  • Parking Features: None
Interior Features
Interior Features
  • Cooling Type: Window Unit(s)
  • Heating: Combination
  • Heating Type: Combination
  • Equipment: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-26-2020
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,339.00
  • Unit Actual Rent: $2,339.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,750.00
  • Unit Actual Rent: $2,750.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,339.00
  • Unit Actual Rent: $2,339.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $265,259.00
  • Assessed Improvement Percent: 62.5
  • Assessed Land Value: $159,154.00
  • Assessed Land Percent: 37.5
  • Assessed Total Value: $424,413.00

Property History for 762 East 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 762 East 50th Street

Taxable ValueLand$624,240Additions$754,290Total$1,378,530
Tax Record2023$17,422 ($1,452 / month)
Home Facts
Total Finished SqFt3,210 SqFtAbove Grade Finished SqFt3,210 SqFtLot Size6,062 SqFtStyleMulti-Family Res (5+ Units)Year Built1924ZoningLAR2CountyLOS ANGELESAPN5108-013-005

Schools near 762 East 50th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Forty-Ninth Street Elementary School
PublicK to 5

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.

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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 Compass, Zach Krasman, DRE #01814990

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.