982 East 50th Street

Los Angeles, CA 90011

$1,350,000
Price
14
Beds
7
Baths
5,503 Sq. Ft.
$245 / Sq. Ft.
5,503
Sq. Ft.
$245
per Sq. Ft.

Description

Great opportunity to own a 6 unit complex in one of LA's oldest pockets. 2 units to be delivered vacant (units 1 & 3). Unit 1 (owners unit) is a 4 bedroom/2 bathroom. Balance of the units are all 2/1. Gas & Electric individually metered. Upgraded electrical in all units. Earthquake Retrofit. Gas Shut Off. Most all pipes Copper pipes. New Windows. Buyer to perform all due diligence in regards to square footage and any outstanding City/County ordinances. Property Sold AS-IS. Seller will not make any...Great opportunity to own a 6 unit complex in one of LA's oldest pockets. 2 units to be delivered vacant (units 1 & 3). Unit 1 (owners unit) is a 4 bedroom/2 bathroom. Balance of the units are all 2/1. Gas & Electric individually metered. Upgraded electrical in all units. Earthquake Retrofit. Gas Shut Off. Most all pipes Copper pipes. New Windows. Buyer to perform all due diligence in regards to square footage and any outstanding City/County ordinances. Property Sold AS-IS. Seller will not make any repairs or warranties. Please do not walk the property and please do not disturb tenants. For all showings please call LA 1.
  1. Listed by Jimmi Weaver • DRE #01374172 • Brokerage DRE #01374172 • Jimmi Weaver, Broker
  2. Listed by Namya Greene • DRE #02188117 • Brokerage DRE #01374172 • Jimmi Weaver, Broker

Property Details for 982 East 50th Street

Zoning
LARD1.5
Parcel Number
5108015011
Total Units
6.0
Living Area
5503
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
2
Lot Size Area
7524

Location

Listing Courtesy of Jimmi Weaver, Broker, Jimmi Weaver, DRE #01374172; Jimmi Weaver, Broker, Namya Greene, DRE #02188117
Add your commute
LISTING UPDATED: 11/17/2023 08:06 AM

Property Details for 982 East 50th Street

StatusActive
MLS #23-329147
Days on Market179
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.17 AC / 7,524 SF
CountyLos Angeles County

Location

Listing Courtesy of Jimmi Weaver, Broker, Jimmi Weaver, DRE #01374172; Jimmi Weaver, Broker, Namya Greene, DRE #02188117
Add your commute

Building Information for 982 East 50th Street

Stories2Residences-Year Built1962Building Size-Lot Size0.17 AC / 7,524 SF

Payment Calculator

$8,078 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,368

Property Taxes

$710

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 982 East 50th Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
  • Security Features: None
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Central Water Heater
Contract Info
Contract Info
  • Disclosures: As Is, LA/Owner Related
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1727
  • Lot Size Square Feet: 7524
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car
  • Total Parking: 7
  • Covered Parking: 2
  • Open Other Spaces Total: 5
  • Parking Features: Garage - Two Door
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
  • Laundry: Room, Outside, In Carport
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Entry Location: Main Level
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-06-2023
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $600.00
  • Unit Actual Rent: $600.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $800.00
  • Unit Actual Rent: $800.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $98,612.00
  • Assessed Improvement Percent: 83.51
  • Assessed Land Value: $19,470.00
  • Assessed Land Percent: 16.49
  • Assessed Total Value: $118,082.00

Property History for 982 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 982 East 50th Street

Taxable ValueLand$234,306Additions$387,405Total$621,711
Tax Record2023$8,526 ($710 / month)
Home Facts
Total Finished SqFt5,503 SqFtAbove Grade Finished SqFt5,503 SqFtLot Size7,524 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLARD1.5CountyLOS ANGELESAPN5108-015-011

Schools near 982 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.

Similar Homes

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982 East 50th Street is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on November 6, 2023 by Jimmi Weaver, Broker, it's currently listed at $1,350,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Forty-Ninth Street Elementary School, Alliance College-Ready Middle Academy No. 12 and Social Justice Schools: Fine Arts Academy At Dr. Maya Angelou Community High. 982 East 50th Street is a 14-bed, 7-bath, 5,503 sqft multi-family home built in 1962.

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 Jimmi Weaver, Broker, Jimmi Weaver, DRE #01374172; Jimmi Weaver, Broker, Namya Greene, DRE #02188117

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.