1802 W 49th Street, Los Angeles, California 90062 home-pic-0

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ACTIVE UNDER CONTRACT$699,000$2,484/sqft

1802 W 49th Street, Los Angeles, California 90062

6Beds

3Baths

2,484Sqft

7,513Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:

Strong Income-Generating Asset: This duplex offers immediate cash flow with strong in-place rents and long-term tenants, making it an attractive investment for reliable income.

Top Cons:

Age of Property & Potential for Deferred Maintenance: Built in 1907, the Craftsman-style property may have aging systems (e.g., plumbing, electrical, HVAC, roof) that could require significant capital expenditures for updates or repairs, impacting immediate profitability.

Compared to the nearby listings

Price:$699.0K vs avg $895.0K ($-196,000)12%

Size:2,484 sqft vs avg 2,448 sqft59%

Price/sqft:$281 vs avg $39118%

More Insights

Built in 1907 (119 years old).

Condition: Built in 1907, this property shows significant signs of age and deferred maintenance. The interior images reveal a highly outdated kitchen area with makeshift appliances and old cabinetry, worn patterned tile flooring, popcorn ceilings, and dated light fixtures. While functional for tenants, it requires substantial rehabilitation and modernization, particularly in the kitchen and likely bathrooms (not pictured but inferred), to meet current living standards. The property analysis also notes 'Age of Property & Potential for Deferred Maintenance' and 'Need for Interior Upgrades,' aligning with the 'poor' condition criteria.

Year Built

1907

List price

$699K

Original List price

$790K

Price/Sqft

$281

HOA

Days on market

Sold On

MLS number

P1-22966

Home ConditionPoor

Features

View-

About this home

Craftsman-style duplex located in the heart of South Los Angeles--an ideal opportunity for investors seeking reliable cash flow with low operating expenses. This income-producing property consists of two spacious units: the front home (1802) is a 5-bedroom, 2-bath residence and the second unit (1802 1/2) is a 3-bedroom, 2-bath. Each unit includes its own private garage and both are individually metered. Tenants pay all utilities, with the exception of water and landscaping, helping to maximize your net operating income. Set on a generous lot with ample off-street parking and private outdoor space, this duplex also offers ADU potential or light value-add opportunities through interior upgrades. The location is highly convenient--just approximately, 10 minutes from Downtown L.A., South Park, USC, and BMO Stadium, and within blocks of local transit, shopping, and recreation. Tenants enjoy easy access to Exposition Park, the Natural History Museum, and California Science Center, along with South L.A. Wetlands Park and Augustus F. Hawkins Nature Park for green space and walking trails. Less than a 10 min drive to Leimert Park, Baldwin Hills and Inglewood neighborhoods The neighborhood continues to benefit from revitalization and infrastructure investments. Two units have strong in-place rents, minimal landlord utility responsibilities, and long-term tenants already in place, this property offers immediate income. Whether you're a seasoned investor or entering the Los Angeles rental market, 1802 W 49th St delivers character, scale, and consistent revenue. Owner will not relocate tenants. Please do not disturb tenants.

Luis Montejano

Listing Agent

Condition Rating

Poor

Built in 1907, this property shows significant signs of age and deferred maintenance. The interior images reveal a highly outdated kitchen area with makeshift appliances and old cabinetry, worn patterned tile flooring, popcorn ceilings, and dated light fixtures. While functional for tenants, it requires substantial rehabilitation and modernization, particularly in the kitchen and likely bathrooms (not pictured but inferred), to meet current living standards. The property analysis also notes 'Age of Property & Potential for Deferred Maintenance' and 'Need for Interior Upgrades,' aligning with the 'poor' condition criteria.

Pros & Cons

Pros

Strong Income-Generating Asset: This duplex offers immediate cash flow with strong in-place rents and long-term tenants, making it an attractive investment for reliable income.

Low Operating Expenses: Units are individually metered, and tenants are responsible for most utilities (excluding water and landscaping), significantly reducing landlord operating costs and maximizing net income.

Strategic & Revitalizing Location: Conveniently located within 10 minutes of Downtown LA, USC, BMO Stadium, and major transit, with easy access to parks and cultural centers. The neighborhood is also benefiting from ongoing revitalization and infrastructure investments.

Value-Add & ADU Potential: The generous lot size and existing structure provide clear opportunities for adding an Accessory Dwelling Unit (ADU) or performing light interior upgrades to enhance future value and rental income.

Ample Parking & Private Outdoor Space: Each unit includes a private garage, complemented by ample off-street parking and private outdoor areas, which are highly desirable amenities in the Los Angeles market.

Cons

Tenant Occupancy Constraints: The owner's refusal to relocate existing tenants limits immediate options for owner-occupancy or extensive renovations that would require vacant units, potentially delaying value-add strategies.

Need for Interior Upgrades: While offering 'light value-add opportunities through interior upgrades,' this suggests that significant modernizations may be needed to maximize rental income or appeal, incurring additional costs for the buyer.

1802 W 49th Street, Los Angeles, California 90062, Los Angeles, 90062 - 6 bed, 3 bath