324 W 50th Street, Los Angeles, CA 90037
Property
Sold November 2023
Listing Agent: Julie Bencosme (DRE #01305364) · Listing Office: Century 21 Village Realty · Contact: 626-202-8502 · Bought with: Ramsey Karame · Buckingham Investments, Inc · MLS #AR23178693 · Source: CRMLS
About this property
Discover a remarkable investment opportunity at 324 W 50th Street in the vibrant city of Los Angeles. This well-maintained 6-unit apartment building offers a diverse array of units, including four spacious 1-bedroom, 1-bath apartments and two convenient studios. The property boasts a substantial lot size of 6,886 square feet, providing room for potential expansion, outdoor amenities, or landscaping enhancements. With a total building size of approximately 4,556 square feet, all residents enjoy comfortable living spaces. One of the standout features of this property is its versatility. There is the potential to create an additional dwelling unit (ADU) on the premises, allowing for increased rental income or the provision of a separate living space. Additionally, there is an opportunity to introduce onsite laundry facilities, which can enhance tenant convenience and generate supplementary income. Utility management is streamlined thanks to the existence of separate gas and electric meters for each of the six units. This simplifies billing and ensures efficient handling of tenant utilities. Convenience is key with easy freeway access, making it effortless for tenants to commute and access nearby amenities, shopping centers, and entertainment options. This 6-unit apartment building at 324 W 50th Street is a well-rounded investment in a sought-after Los Angeles location. Its unit mix, potential for expansion, and utility separation make it an attractive prospect for investors seeking steady rental income and future growth opportunities. Don't miss the chance to add this property to your real estate portfolio.
Listing description from the November 2023 sale, as reported to CRMLS.
Sale history