908 W 50TH Place, Los Angeles, CA 90037

About this property

6.65% CAP RATE! VACANT DUPLEX JUST SOUTH OF USC! FHA OK! 1,658 sqft. Zoned R2. Close to USC, Expo Line and new Inglewood Football Stadium. Short commute to DTLA. GSI $50K, NOI $38K+, GRM 11.41, CAP 6.65%. Front house (908 W 50th Pl.): 3BD+1BA, 914 sqft. Craftsman-style finishes & refinished hardwood floors. Plenty of windows & natural light throughout. Spacious bedrooms with great closet space. Large kitchen. Separate laundry area with washer/dryer hookups. Estimated FMV Rent: $2,500/mo. Back house (907 W 51st St.): 1BD+1BA, 744 sqft. Similar layout as front and can be easily reconfigured into 2BD+1BA. New hardwood flooring to be installed. Large windows & plenty of natural light. Estimated FMV Rent: $1,700/mo. Both units have been newly painted on the inside. Buyer still needs to do minor updates in bath/kitchen. Extra privacy fencing. Lot size almost 5,800 sqft. Quiet neighborhood. Short commute to USC & DTLA. Close to new Expo Line. FHA ready. Great investment.

Listing description from the December 2018 sale, as reported to CRMLS.

Sale history

$585,000

Sold December 2018 · listed $575,000, orig. $594,000, on market November 2018 · MLS #18408052 · Source: CRMLS

Listing Agent: Andrew Watkins · Listing Office: Pacific Playa Realty · Contact: 310-256-3038 · Bought with: Raquel Balbuena Andal · New Plan Brokerage Inc.

$515,000

Sold August 2018 · listed $530,000, orig. $560,000, on market June 2018 · MLS #IN18160730 · Source: CRMLS

Listing Agent: Anthony Usher · Listing Office: Real Innovate Realty · Contact: 877-734-8207 · Bought with: Anthony Usher · Real Innovate Realty

$550,000

Sold June 2018 · listed $560,000, orig. $595,500, on market April 2018 · MLS #IN18088113 · Source: CRMLS

Listing Agent: Anthony Usher · Listing Office: Real Innovate Realty · Contact: 877-734-8207 · Bought with: Anthony Usher · Real Innovate Realty

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