Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

7

Building size

4,242 sqft

Lot size

6,610 sqft

Year built

1925

Stories

2

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Status

Active

Days on market

0

MLS #

249246817

About this property

We are pleased to present 625 E 50th Street, a value add 7-unit investment opportunity with approximately 80% rental upside in South Los Angeles, CA. The property is comprised of two detached structures totaling 4,242 SF with a unit mix of all (7) 1 bed / 1 Bath units. There are currently no Section 8 tenants in-place with an average current rent of $1,026 (upon lease up of vacant 1 bed, bath). The property will be delivered with one (1) vacancy and projected gross monthly income of $7,184, or $86.204 annually. The opportunity will yield a savvy investor with a low basis ($121,429 per unit) with huge upside potential (approx. 80%). 625 E 50th Street is centrally located just east of Avalon Boulevard , South Park Recreation Center, and the 110 freeway with easy access to Downtown LA, South Bay, USC, LAX, and SoFi Stadium. South Los Angeles has seen significant growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average 1-bedroom market rents reaching $1,800-$2,100 and HACLA vouchers currently at $1,980. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.

Location

625 E 50th Street

Los Angeles, Los Angeles, CA, 90011