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709 E 49th Street
USD 580,000
Property ID: 24367197
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709 E 49th Street ,90011
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icon 6599 SqFt
icon Built in 1895
icon USD 88/SqFt
icon 5 Beds
icon 2 Full
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Location
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Interior Details
Bedrooms
5
Bathrooms
2
Interior Size
1940
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1895
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Detailed Introduction Of This Home
This 2-unit fully occupied investment property has beautiful architecture, charm, and curb appeal and is located on a safe street across from an elementary school. 5.25% cap rate on current rents at asking price, and a below market $290k per unit and $298 per RSF. Great combination of in-place cash flow, along with value-add / rental upside potential for a first-time investor. Great mix of a detached front 3 Bed/1 Bath house, and a 2 Bed/1 Bath unit in the back, and on-site parking for both units. Low operating expenses as both units pay for gas, electricity and trash, and each have their own in-unit water heaters. Located exactly 2 miles away from Exposition Park as tenants get to enjoy close proximity to BMO Stadium, LA Coliseum, the new $1B George Lucas Museum, California Science Center and Natural History Museum. Both units will be delivered occupied at closing -- no vacancies.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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+87
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Contact Development/Agent
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Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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709 E 49th Street
USD 580,000 5 Beds
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