1426 E 50th, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE UNDER CONTRACT$749,000$1,850/sqft
1426 E 50th, Los Angeles, California 90011
0Bed
0Bath
1,850Sqft
5,003Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: This triplex features a main home plus two additional income-producing units, all equipped with separate utility meters, which significantly maximizes the owner's net income by having tenants cover their own utilities.
Top Cons:
Recent Price Adjustment: A recent price reduction from $785,000 to $749,000 could indicate a longer market presence or initial overpricing, potentially raising questions for prospective buyers regarding its value.
Compared to the nearby listings
Price:$749.0K vs avg $699.0K (+$50,000)59%
Size:1,850 sqft vs avg 2,076 sqft41%
Price/sqft:$405 vs avg $34076%
More Insights
Built in 1957 (69 years old).
Condition: The main residence of this 1957-built property has undergone a beautiful and extensive remodel, likely within the last 5-10 years. The kitchen features modern dark shaker cabinets, granite countertops, a contemporary sink, and updated appliances (microwave visible). New laminate/LVP flooring, fresh paint, updated vinyl windows, and a new electrical panel are evident throughout the main unit, indicating a move-in ready condition with minimal wear. However, the overall property includes two additional income-producing units whose condition is not specified or shown, and the age of the original structure (1957) along with some older exterior mechanicals (e.g., water heater/furnace unit) prevent an 'Excellent' rating for the entire property.
Year Built
1957
Close
-
List price
$749K
Original List price
$785K
Price/Sqft
$405
HOA
-
Days on market
-
Sold On
-
MLS number
DW25241063
Home ConditionGood
Features
Patio
View-
About this home
Located near metropolitan Downtown LA with easy access to the 110, 10 freways, shopping, and the vibrant South Figueroa corridor. This property features a beautiful remodeled three bedrooms one bath single family home plus two income producing units-all with separate meters. Tenants pays all utilities. Easy to show! Seller may carry partial financing see agent remarks for details.
L
Lourdes Galvez
Listing Agent
Nearby schools
2/10
Hooper Avenue Elementary School
Public,•1-5•0.3mi
4/10
Ascot Avenue Elementary School
Public,•K-5•0.4mi
2/10
Aurora Elementary School
Public,•K-5•0.5mi
2/10
Holmes Avenue Elementary School
Public,•K-6•0.5mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.6mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.7mi
5/10
Lillian Street Elementary School
Public,•K-6•0.9mi
2/10
Harmony Elementary School
Public,•K-5•0.9mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•1.0mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.0mi
4/10
Quincy Jones Elementary School
Public,•K-5•1.4mi
5/10
Estrella Elementary School
Public,•K-5•1.4mi
5/10
Pacific Boulevard School
Public,•K-5•1.5mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•1.6mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.7mi
3/10
George Washington Carver Middle School
Public,•6-8•0.8mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.9mi
3/10
Thomas A. Edison Middle School
Public,•6-8•1.1mi
6/10
Vernon City Elementary School
Public,•K-7•1.1mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.3mi
3/10
Henry T. Gage Middle School
Public,•6-8•2.1mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.8mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.9mi
4/10
Huntington Park Senior High School
Public,•9-12•1.9mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.2mi
5/10
Santee Education Complex
Public,•9-12•2.3mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•3.5mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•3.8mi
Price History
Date
Event
Price
10/05/12
Sold
$172,001
07/07/06
Sold
$450,000
Condition Rating
Good
The main residence of this 1957-built property has undergone a beautiful and extensive remodel, likely within the last 5-10 years. The kitchen features modern dark shaker cabinets, granite countertops, a contemporary sink, and updated appliances (microwave visible). New laminate/LVP flooring, fresh paint, updated vinyl windows, and a new electrical panel are evident throughout the main unit, indicating a move-in ready condition with minimal wear. However, the overall property includes two additional income-producing units whose condition is not specified or shown, and the age of the original structure (1957) along with some older exterior mechanicals (e.g., water heater/furnace unit) prevent an 'Excellent' rating for the entire property.
Pros & Cons
Pros
Strong Income Potential: This triplex features a main home plus two additional income-producing units, all equipped with separate utility meters, which significantly maximizes the owner's net income by having tenants cover their own utilities.
Strategic Urban Location: The property boasts a prime location near metropolitan Downtown LA, offering excellent accessibility to major freeways (110, 10), diverse shopping centers, and the vibrant South Figueroa corridor.
Remodeled Main Residence: The primary 3-bedroom, 1-bath single-family home has been beautifully remodeled, enhancing its appeal for owner-occupancy or attracting premium tenants.
Flexible Financing Option: The seller's willingness to carry partial financing provides a flexible acquisition option, potentially making the property more accessible to a wider range of buyers.
Access to Quality Schools: The property is located within reasonable proximity to several public schools with good ratings, including highly-rated elementary and high schools, which is a significant draw for families.
Cons
Recent Price Adjustment: A recent price reduction from $785,000 to $749,000 could indicate a longer market presence or initial overpricing, potentially raising questions for prospective buyers regarding its value.
Unspecified Condition of Income Units: While the main home is remodeled, the description lacks specific details on the condition, age of systems, or recent updates for the two income-producing units, which may imply they are not as updated and could require future capital expenditure.
Absence of Rental Income Details: Crucial information regarding the current rental income, lease terms, or unit configurations for the income-producing units is not provided, making it challenging for investors to fully assess the property's financial performance without further inquiry.