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601 W 49th Street, Los Angeles, CA 90037$1,995,000

17
beds
9
baths
5804
ft2
· 6794
ft2 lot
$344 / ft2

Listing provided courtesy of Casey Picard, Keller Williams Realty
Source CRMLS;
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Located in Los Angeles, 601 49th Street is a Four unit fully renovated apartment complex with a complete accessory dwelling unit for a total of five. The unit mix for the building is (1)- 1 bed / 1 bath, (2)- 4 bed / 2 bath, (1)- 5 bed / 2 bath, and (1)- 3 bed / 2 bath ADU. This property is a +/-5,546 SF building on a +/-6,794 SF lot including the ADU unit.This building has been renovated with four of the five units featuring freshly painted units, wood flooring, brand new kitchen cabinets and sink. Each bathroom has been updated with modern finishes such as new toilets, faucets and vanities and tub/showers. Each unit also offers separate water heaters and washer/dryer hookups offering tenants the ability to have in-unit laundry. Each unit was remodeled with updated electrical panels, individual water heaters and in-unit laundry hookups.All units are remodeled except for the 1 bed / 1 bath unit which is currently in need of renovations for a potential conversion to a 4 bed / 2 bath unit.

HOA

$0/month

On market

4 months

Year built

1923

Property type

Multi-Family

Parking

5

MLS

P1-6868

Price / Sq.Ft.

$344 / ft2

Status

Active Under Contract

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Home details for 601 W 49th Street

Interior Features & Layout
Appliances
•   
Laundry Details: Gas & Electric Dryer Hookup, Washer Hookup
•   
Laundry: 1
Interior Features
•   
Interior Features: 2 Staircases
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
•   
Cooling Details: Wall/Window Unit(s)
Interior Size
•   
Building Area Total: 5804.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: On Site
•   
Garage Spaces: 0.00
Building Info
•   
Zoning: LARD2
•   
Num Stories: Two
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: Sprinklers None
•   
Lot Size Acres: 0.1560
•   
Lot Size Area: 6794.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 4
Property Features
•   
Fencing: Wood
•   
Common Walls: No Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 5
•   
Number Of Separate Gas Meters: 5
•   
Number Of Separate Water Meters: 1
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 5125.00
•   
Vacancy Allowance Rate: 2.00
•   
Maintenance Expense: 8278.00
•   
Pest Control Expense: 600.00
•   
Cap Rate: 6.29
•   
Total Actual Rent: 168948.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 23943.00
•   
Insurance Expense: 2322.00
•   
Total Expenses: 40551.00
•   
Gross Scheduled Income: 170340.00
•   
Operating Expense: 41494.00
•   
Gross Multiplier: 11.71
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 159372.00
•   
Tax Year: 2021
•   
Taxes: 12602.56
Lease Info
•   
Net Operating Income: 125439.00
Listing Info
•   
Status: Active Under Contract
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 4
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 2
•   
Unit 3 Total Rent: 3370.00
Unit 2 Information
•   
Unit 2 Actual Rent: 866.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 866.00
Unit 1 Information
•   
Unit 1 Bedrooms: 4
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 3399.00
•   
Unit 1 Total Rent: 3399.00
Multi Unit Information
•   
# Of Units: 13
Unit 4 Information
•   
Unit 4 Description: 5 Bed / 2 Bath
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 3825.00
•   
Unit 4 Bathrooms: 2
•   
Unit 4 Garage Spaces: 0.00
•   
Unit 4 Bedrooms: 5
Unit 5 Information
•   
Unit 5 Description: 3 Bed / 2 Bath ADU (Vacant)
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 0.00
•   
Unit 5 Bathrooms: 2
•   
Unit 5 Bedrooms: 3
School Neighborhood & Directions
Location
•   
Community Features: Sidewalks
School Info
•   
Directions: This building is located just a short 20-minute drive from Downtown Los Angeles and a short 10-minute drive to the University of Southern California perfect for commuting tenants entering LA or students attending USC.
Other
Calculation
•   
Dom: 111
•   
Cdom: 111

Neighborhood snapshot

44
Properties for sale
13.5
Median days on market
$397.55
Median sold price/sqft
100.47%
Sold/List %
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Property History for 601 W 49th Street

11/08/2021
11/08/2021
CRMLS #P1-6868
active
CRMLS #P1-6868
$1,995,000
--3.86%
09/29/2021
09/29/2021
CRMLS #P1-6868
active
CRMLS #P1-6868
$2,075,000
+103.43%
10/30/2020
10/30/2020
Public Record
sold
Public Record
$1,020,000
+112.50%
05/31/2019
05/31/2019
Public Record
sold
Public Record
$480,000
+3.23%
05/31/2019
05/31/2019
CRMLS #SB19049229
sold
CRMLS #SB19049229
$465,000

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