1141 East 50th Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$1,190,000$2,100/sqft
1141 East 50th Street, Los Angeles, California 90011
0Bed
0Bath
2,100Sqft
5,398Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Income-Generating Property: The property boasts a strong projected annual income of $113,964, offering an attractive return on investment for a savvy investor.
Top Cons:
Age of Original Structure: Built in 1924, the original buildings are nearly a century old, which, despite remodeling, may lead to higher long-term maintenance or unforeseen issues with older infrastructure.
Compared to the nearby listings
Price:$1.19M vs avg $699.0K (+$491,000)90%
Size:2,100 sqft vs avg 2,076 sqft55%
Price/sqft:$567 vs avg $34090%
More Insights
Built in 1924 (102 years old).
Condition: Despite the original build year of 1924, the property has been 'FULLY REMODELED' and includes a 'BRAND NEW 1 BEDROOM ADU (built in 2024)'. The images confirm extensive recent renovations, showcasing modern white shaker-style cabinets, dark countertops, and mosaic tile backsplashes in the kitchens, along with new black appliances. Bathrooms feature contemporary white vanities, new fixtures, and subway tile shower surrounds. New wood-look tile and laminate flooring are present throughout the units, and walls are freshly painted. The light fixtures are simple and modern. These updates align with the 'excellent' criteria of being extensively renovated within 5 years, with virtually new components meeting current quality standards, especially in the key areas of kitchens and bathrooms.
Year Built
1924
Close
-
List price
$1.19M
Original List price
$1.2M
Price/Sqft
$567
HOA
-
Days on market
-
Sold On
-
MLS number
SR25221770
Home ConditionExcellent
Features
Patio
View-
About this home
BEAUTIFUL FULLY REMODELED 4-PLEX including One FREESTANDING BRAND NEW 1 BEDROOM ADU (built in 2024). The 3 Bedroom 1 bath unit is getting $3107 in rent (section 8 tenant) while the other 1 bedrooms & 1 baths are getting $2288, $2249 and $2053. There is room for 2 car parking in the front and additional parking spots in the back. 3 separate buildings and 4 gas and electrical meters. With all units rented out, your annual income is $113,9640. Submit your offer Today!
M
Mazdak Sarehkhani
Listing Agent
Nearby schools
2/10
Hooper Avenue Elementary School
Public,•1-5•0.2mi
2/10
Aurora Elementary School
Public,•K-5•0.2mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.3mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.4mi
4/10
Ascot Avenue Elementary School
Public,•K-5•0.5mi
2/10
Harmony Elementary School
Public,•K-5•0.7mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.8mi
2/10
Holmes Avenue Elementary School
Public,•K-6•0.9mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.1mi
5/10
Estrella Elementary School
Public,•K-5•1.1mi
4/10
Quincy Jones Elementary School
Public,•K-5•1.2mi
5/10
Lillian Street Elementary School
Public,•K-6•1.2mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•1.5mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.7mi
5/10
Pacific Boulevard School
Public,•K-5•1.9mi
3/10
George Washington Carver Middle School
Public,•6-8•0.5mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.6mi
3/10
Thomas A. Edison Middle School
Public,•6-8•1.2mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.3mi
6/10
Vernon City Elementary School
Public,•K-7•1.5mi
3/10
Henry T. Gage Middle School
Public,•6-8•2.5mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.8mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.8mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.1mi
5/10
Santee Education Complex
Public,•9-12•2.1mi
4/10
Huntington Park Senior High School
Public,•9-12•2.2mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•3.7mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•3.8mi
Price History
Date
Event
Price
04/28/23
Sold
$575,000
08/16/13
Sold
$215,000
11/28/07
Sold
$458,000
Condition Rating
Excellent
Despite the original build year of 1924, the property has been 'FULLY REMODELED' and includes a 'BRAND NEW 1 BEDROOM ADU (built in 2024)'. The images confirm extensive recent renovations, showcasing modern white shaker-style cabinets, dark countertops, and mosaic tile backsplashes in the kitchens, along with new black appliances. Bathrooms feature contemporary white vanities, new fixtures, and subway tile shower surrounds. New wood-look tile and laminate flooring are present throughout the units, and walls are freshly painted. The light fixtures are simple and modern. These updates align with the 'excellent' criteria of being extensively renovated within 5 years, with virtually new components meeting current quality standards, especially in the key areas of kitchens and bathrooms.
Pros & Cons
Pros
High Income-Generating Property: The property boasts a strong projected annual income of $113,964, offering an attractive return on investment for a savvy investor.
Brand New ADU: Includes a newly constructed (2024) freestanding 1-bedroom ADU, significantly enhancing property value and rental income potential with modern amenities.
Fully Remodeled Units: The entire 4-plex has been fully remodeled, suggesting updated interiors and reduced immediate maintenance costs for the new owner.
Separate Utility Meters: Equipped with 4 separate gas and electrical meters, simplifying tenant billing and minimizing landlord utility overhead.
Ample Parking: Offers convenient parking with space for 2 cars in the front and additional spots in the back, a valuable amenity in Los Angeles.
Cons
Age of Original Structure: Built in 1924, the original buildings are nearly a century old, which, despite remodeling, may lead to higher long-term maintenance or unforeseen issues with older infrastructure.
Lower-Rated Schools: Several nearby schools have lower ratings (2s and 3s), which could be a consideration for family-oriented tenants or impact long-term property appreciation.
Rapid Price Appreciation: The property's value has more than doubled since its last sale in April 2023 ($575,000 to $1.19M), warranting thorough due diligence to confirm the current market valuation and sustainability of this rapid increase.