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

0Bed

0Bath

2,484Sqft

7,513Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:

Strong Income Potential: This duplex features two spacious units (5-bed/2-bath and 3-bed/2-bath) with strong in-place rents and long-term tenants, providing immediate and reliable cash flow for investors.

Top Cons:

Age of Property & Potential Maintenance: Built in 1907, the property is over a century old, which may imply older systems (plumbing, electrical) and potential for significant deferred maintenance or upgrade costs in the future.

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 age and requires substantial rehabilitation. The interior images reveal extremely dated finishes, including popcorn ceilings, old patterned tile flooring, worn carpets, and very old kitchen cabinets. The MLS description explicitly notes the need for 'interior upgrades' and 'Required Capital for Upgrades' to 'modernize units,' further indicating that major systems (plumbing, electrical) are likely original or very old and will require significant investment. While currently tenant-occupied, the property's condition is far from modern standards and necessitates extensive renovation to meet contemporary living expectations.

Year Built

1907

List price

$699K

Original List price

$790K

Price/Sqft

$281

HOA

Days on market

Sold On

MLS number

P1-22967

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 downstairs) is a 5-bedroom, 2-bath residence and the second unit (1802 1/2 Upstairs) 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 neighborhoodsThe 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 age and requires substantial rehabilitation. The interior images reveal extremely dated finishes, including popcorn ceilings, old patterned tile flooring, worn carpets, and very old kitchen cabinets. The MLS description explicitly notes the need for 'interior upgrades' and 'Required Capital for Upgrades' to 'modernize units,' further indicating that major systems (plumbing, electrical) are likely original or very old and will require significant investment. While currently tenant-occupied, the property's condition is far from modern standards and necessitates extensive renovation to meet contemporary living expectations.

Pros & Cons

Pros

Maximized Net Operating Income (NOI): Units are individually metered, and tenants are responsible for most utilities (excluding water and landscaping), significantly reducing landlord operating expenses and maximizing NOI.

Prime Los Angeles Location: Strategically located approximately 10 minutes from Downtown LA, USC, and BMO Stadium, with easy access to transit, shopping, cultural attractions, and parks, enhancing tenant demand and property value.

Significant Value-Add Opportunities: The generous lot offers ADU potential and opportunities for interior upgrades, allowing for future equity growth and increased rental income.

Neighborhood Growth & Appreciation: Situated in a revitalizing area of South Los Angeles benefiting from ongoing infrastructure investments, suggesting strong potential for future property appreciation.

Cons

Required Capital for Upgrades: While offering 'value-add opportunities,' the description explicitly mentions 'interior upgrades,' indicating that additional capital investment will be necessary to modernize units and maximize their full potential.

Tenant Occupancy & Limited Access: The property is tenant-occupied, and the owner will not relocate tenants, which could complicate property showings, inspections, and immediate plans for renovation or owner-occupancy.

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