1141 East 50th Street, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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Los Angeles, California 90011
This Turnkey Multi-Family Asset is listed at $1,190,000, representing a stable valuation supported by its Excellent Condition Rating relative to the $1,045,222 Fair Market Value. The acquisition features a brand new 2024 ADU and three fully remodeled units producing a substantial $113,964 in annual income. Equipped with separate utility meters, ample parking, and proximity to Nava College Preparatory Academy, the property maximizes ROI by minimizing immediate capital expenditures. This high-performing asset is ideal for Buy-and-Hold Investors or Owner-Occupants looking to leverage a sophisticated house-hack strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1141 East 50th Street Subject | $1,190,000* List Price | 0 | 0 | 2,100 | $498 | - |
A 1545 E 41st Sold | $840,000 | 4 | 3 | 1,974 | $426 | 0.8 mi |
B 731 E 41st Place Active Under Contract | $1,045,000 List Price | 0 | 0 | 2,080 | $502 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
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.
The property boasts a strong projected annual income of $113,964, offering an attractive return on investment for a savvy investor.
Includes a newly constructed (2024) freestanding 1-bedroom ADU, significantly enhancing property value and rental income potential with modern amenities.
The entire 4-plex has been fully remodeled, suggesting updated interiors and reduced immediate maintenance costs for the new owner.
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.
Several nearby schools have lower ratings (2s and 3s), which could be a consideration for family-oriented tenants or impact long-term property 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.
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!
No exterior & parking available.
Grades 1-5 • 0.2 mi
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,100 | 2,040.5 | 63% |
| Lot Size | 5,398 | 5,307 | 53% |
| Price | $1.19M | $747.5K | 91% |
| Price per sq ft | $567 | $380 | 88% |
| Built year | 1924 | 1913 | 72% |
| HOA | $0 | $0 | 50% |
| Days on market | 209 | 209 | 53% |
Nov 2, 2025
$1,190,000
$1,200,000
-1% Price Drop
Initial Listing
Sep 25, 2025
$1,200,000
Initial Listing
Apr 28, 2023
$575,000
Public Record
Aug 16, 2013
$215,000
Public Record
Nov 28, 2007
$458,000
Public Record