762 E 50th Street, Los Angeles, CA 90011

About this property

GROUND-UP RENOVATION COMPLETED 2020: ALL SYSTEMS UPGRADED. Presented for sale is a 5-unit apartment building located in the South Park neighborhood of Los Angeles, CA, just an 8-minute drive to USC. The two structures, both individually metered for gas & electric, consist of an SFR (2 bedroom + 1 bathroom), and a FOURPLEX (one 3 bedroom + 1 bathroom unit, two 2 bedroom + 1 bathroom units, and one 1 bedroom + 1 bathroom unit). UPGRADES INCLUDE NEW: roof, windows, stucco, electrical, plumbing, tankless water heaters, flooring, kitchens, bathrooms, low-maintenance landscaping, security cameras, awnings, a/c units, etc. Fully-occupied, stabilized, strong cash-flow. Some tenants Section 8. Great 1031 Exchange property.

Listing description from the January 2021 sale, as reported to CRMLS.

Sale history

$1,325,000

Sold January 2021 · listed $1,399,000, orig. $1,675,000, on market July 2020 · MLS #20609460 · Source: CRMLS

Listing Agent: Zach Krasman · Listing Office: Compass · Contact: 626-205-4040 · Bought with: Juan Michael · TMG Investment Real Estate

$565,000

Sold February 2019 · listed $620,000, orig. $650,000, on market November 2018 · MLS #PW18269988 · Source: CRMLS

Listing Agent: Anthony Arana · Listing Office: Team Arana Real Estate · Contact: 562-746-0230 · Bought with: Anthony Arana · Team Arana Real Estate

$565,000

Sold February 2019 · listed $620,000, orig. $650,000, on market November 2018 · MLS #PW18264603 · Source: CRMLS

Listing Agent: Anthony Arana · Listing Office: Team Arana Real Estate · Contact: 562-746-0230 · Bought with: Anthony Arana · Team Arana Real Estate

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