831 W 50th,Los Angeles, CA 90037
Los Angeles, CA 90037
Description
Exceptional investment opportunity in Los Angeles! Built in 2016, this well-maintained duplex features two spacious residences, each offering 5 bedrooms, 3 bathrooms, and approximately 1,800 square feet of living space, for a combined 3,600 square feet. Situated on an approximately 5,199-square-foot lot, the property offers a desirable combination of modern construction, generous floor plans, and strong in-place rental income. Each residence features its own in-unit washer and dryer, separately metered electricity and water, and convenient garage parking. The property includes one two-car garage and one single-car garage, along with gated access for added privacy. Ownership has invested approximately $33,530 in improvements, including interior and exterior painting, carpeting, and the installation of a second water meter. Currently generating $8,140 per month in combined rental income ($97,680 annually), the property offers attractive cash flow with additional rental upside. At the asking price of $1,195,000, the property reflects an approximately 7.08% capitalization rate based on seller-reported operating expenses, or approximately 6.62% using buyer-adjusted property taxes. With its 2016 construction, substantial bedroom count, separately metered utilities, and established income stream, this is an opportunity to acquire a newer multifamily asset in Los Angeles. Buyer to verify all property details, financial information, and applicable rental regulations.
Details
| MLS # | OC26221761 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 2016 |
| Days On Site | 12 |
| Listing Provided By | Balboa Real Estate, Inc | Collin Corsmeier |
Features
| SQ Feet | 3,600 |
|---|---|
| Garage | 3 |
| Story(s) | 2 |
| Units | 2 |
| Building(s) | 1 |
| Acreage | 0.12 |
Interior
| Interior Features | High Ceilings, Open Floorplan, Recessed Lighting, Storage |
|---|---|
| Appliances | Electric Range, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Dryer, Washer |
| Fireplace Yes / No | Yes |
Exterior
| Lot Features | Two To Five Units Acre |
|---|
Parking
| Parking Features | Assigned |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Electricity Connected, Water Connected |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
Location
| Community Features | Biking |
|---|
Taxes
| Property | 9452 |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90037 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90037) | |
Price: $1,195,000 low | high Med: $817,000 sqft: 3,600 low | high Med: 3,152 $ / sqft: $332 low | high Med: $323 On site: 12 low | high Med: 154 | |
Market Activity 90037
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90037 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90037) | |
Price: $1,195,000 low | high Med: $817,000 sqft: 3,600 low | high Med: 3,152 $ / sqft: $332 low | high Med: $323 On site: 12 low | high Med: 154 | |
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