207 W 50th Street, Los Angeles, CA 90037

About this fourplex

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.

Listing description from the March 2023 sale, as reported to CRMLS.

Sale history

$900,000

Sold March 2023 · listed $975,000, orig. $995,000, on market November 2022 · MLS #SB22247900 · Source: CRMLS

Listing Agent: Aaron Jacobson · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-729-1559 · Bought with: Shahram Shamounpour · Keller Williams Realty Westside

$570,000

Sold March 2022 · listed $695,000, on market December 2021 · MLS #PW21267597 · Source: CRMLS

Listing Agent: Michele Steggell · Listing Office: Allianz Capital Group, Inc. · Contact: 949-333-0189 · Bought with: Michele Steggell · Allianz Capital Group, Inc.

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