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207 50th Street
Los Angeles, CA 90037
Sold
Existing 4-Unit Building that will be delivered FULLY VACANT at Close of Escrow. 207 W 50th St is a value add 4-Plex in Los Angeles, CA 90037. Highlighted by a 3-Bed/1-Bath Front house, this property is ideal for any owner/user or investor looking to add value in this quickly growing submarket of Los Angeles. This property features (1) 3-Bed/1-Bath front house and (3) Studio units. The exterior has been recently painted and the interior demoed ready for renovations. The subject operates at a 6.96% cap rate and 10.86 GRM. The buyer has the opportunity to convert the existing garage into an ADU (Buyer to verify). With the ADU, this will operate at an 8.62% Cap Rate! When rented, this property would produce over $7,480 in monthly income. 207 W 50th St is located just minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, Banc of California Stadium, Crypto.com Arena, and LA LIVE, as well as billions of dollars worth of development pouring into DTLA.
PROPERTY INFORMATION
| MLS # | SB22247900 | Lot Size | 5,444 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 975,000
Price Per SqFt: $ 350 |
DOM | 937 Days |
| Address | 207 50th Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 2,789 Sq. Ft. |
| Postal Code | 90037 | Garage | 1 |
| County | Los Angeles | Year Built | 1955 |
| Bed / Bath | 3 / 0 | Parking | 1 |
| Built In | 1955 | Status | Closed |
| Sold Date | 2023-03-06 |
INTERIOR FEATURES
| Has Laundry | No |
| Laundry Information | None |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,040
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 03/06/2023 | Sold | $900,000 |
| 02/16/2023 | Active Under Contract | $975,000 |
| 01/10/2023 | Price Change (Relisted) | $975,000 (-2.01%) |
| 01/05/2023 | Relisted | $995,000 |
| 11/29/2022 | Listed | $995,000 |
Topfind Realty
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Listing provided courtesy of Aaron Jacobson, Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
