871 E 49th St - Apartments FOR SALE


Los Angeles, CA 90011- Vernon-Main
$1,600,000 USD
310-424-8626
871 E 49th St, Los Angeles, CA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

871 E 49th St
Los Angeles, CA 90011
Vernon-Main


HIGHLIGHTS

  • Located in a rapidly improving area near USC
  • Desirable infill location with strong rental demand
  • Ideal for investors seeking long-term appreciation and cash flow

OVERVIEW

871–875 E. 49th Street presents a compelling multi-unit investment opportunity located in a rapidly improving area near USC. The property consists of seven (7) residential units spread across three (3) separate buildings, offering a desirable low-density layout and flexible unit mix. Per title records, the property reflects 7 bedrooms and 7 bathrooms. However, several units have had additional, unpermitted bedrooms added, resulting in a current functional configuration of approximately 11 bedrooms and 7 bathrooms. Select units have been remodeled over time as they became vacant, with improvements varying by unit. The property offers upside potential through continued renovations, stabilization, and optimization of rents. One unit(2)bedroom(1)bathroom will be deliver vacant. The location is a strong draw for tenants, situated near the University of Southern California, within walking distance to shopping, dining, and public transportation, and positioned in an up-and-coming neighborhood experiencing ongoing investment and redevelopment. This property may be attractive to investors seeking value-add potential in a high-demand rental market. Buyer to conduct their own independent due diligence with respect to unit count, square footage, bedroom configuration, permits, zoning, and any other matters of material importance. Agents and sellers make no representations or warranties, express or implied, regarding the accuracy of information provided. A rare opportunity to acquire a multi-building asset in a prime infill location with long-term growth prospects.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$381 USD /SF

# OF UNITS

7

PRICE/UNIT

$228,571

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R2

APN/PARCEL ID

5108-020-023

ASK ABOUT THIS PROPERTY

Peter ShamouilColdwell Banker CommercialMore Info
310-424-8626

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Peter ShamouilColdwell Banker CommercialMore Info
310-424-8626

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.