1063 E 49th Place, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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Los Angeles, California 90011
This four-unit High-Potential Investment Opportunity is listed at $1,200,000, positioned above the $1,005,325 Fair Market Value. While the property requires a premium, it offers immediate cash flow as a fully tenant-occupied Quadruplex. With a Condition Rating of 4, the 1922 infrastructure suggests potential for value-add cosmetic updates. The property features a large parking pad and bonus paved lot, providing a distinct competitive advantage in this rental market. This is a stable, income-producing asset ideal for Buy-and-Hold Investors or Portfolio Managers seeking long-term rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1063 E 49th Place Subject | $1,200,000* List Price | 0 | 0 | 3,321 | $303 | - |
A 5604 Fortuna Sold | $855,000 | 0 | 0 | 2,904 | $294 | 0.8 mi |
B 147 E 55th Active | $890,000 List Price | 0 | 0 | 3,284 | $271 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1922, this property is over 100 years old. While the listing describes it as well-maintained and tenant-occupied, the lack of specific mentions regarding recent renovations to kitchens, bathrooms, or systems (HVAC/Electric) suggests the units are likely dated and will require minor repairs or cosmetic updates to meet modern standards.
As a fully tenant-occupied fourplex, this property offers investors immediate rental income and a turnkey addition to an investment portfolio without the initial vacancy risk.
The property features a rare combination of a large parking pad and a separate fully paved bonus lot, providing a significant competitive advantage in a high-density Los Angeles rental market.
Situated near Downtown L.A. with easy access to major freeways and public transportation, the property is ideally located to attract a steady pool of commuters and local workers.
Originally constructed in 1922, the property may require higher long-term maintenance costs and capital improvements to modernize century-old systems and structural components.
The majority of the surrounding public schools are rated 2 or 3 out of 10, which may limit the property's appeal to families and impact long-term residential desirability.
Exceptional investment opportunity in Los Angeles! This well-maintained four-unit income property offers immediate cash flow with all units currently tenant occupied, making it an ideal addition to any investment portfolio. The property features a rare combination of ample on-site parking, including a large parking pad as well as a separate fully paved bonus parking lot—providing valuable convenience for tenants and potential future flexibility. Situated on a generously sized lot, this multi-family property offers strong rental appeal in a high-demand location with easy access to shopping, dining, public transportation, major freeways, and local employment centers. Whether you're a seasoned investor looking to expand your portfolio or seeking a stable income-producing asset with long-term upside, this Los Angeles fourplex presents an outstanding opportunity to own a solid multi-unit property in one of Southern California's most sought-after rental markets.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,321 | 2,250 |
| Lot Size | 5,914 | 5,864 |
| Price | $1.20M | $826.7K |
| Price per sq ft | $361 | $395 |
| Built year | 1922 | 1925 |
| HOA | $0 | $0 |
| Days on market | 12 | 83 |
Jul 10, 2026
$1,200,000
Initial Listing
Jun 30, 2022
$987,000
Public Record
Sep 15, 2006
$635,000
Public Record
Mar 24, 2003
$345,000
Public Record
Mar 25, 2002
$165,000
Public Record