537 W 49th Place, Los Angeles, California 90037, Los Angeles, 90037 - 3 bed, 1 bath
ACTIVE$650,000
537 W 49th Place, Los Angeles, California 90037
3Beds
1Bath
1,030Sqft
4,202Lot
Year Built
1910
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$631
HOA
-
Days on market
-
Sold On
-
MLS number
IV24192614
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 18% below the list price. We found 2 Cons,3 Pros. Rank: price - $650.0K(42th), sqft - 1030(12th), beds - 3(50th), baths - 1(24th).
Welcome to this charming 3-bedroom home in the heart of Los Angeles! Featuring a cozy den, 2 well-sized bedrooms, and a spacious master bedroom, this property offers comfortable living spaces. The expansive backyard provides plenty of room for an extension or the potential to build ADU's. Additionally, the large garage includes a carport along with a door and full cover with a separate unit offering the perfect opportunity to have a renter. Don’t miss this incredible investment opportunity!
Nearby schools
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.2mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.4mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.5mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.5mi
2/10
Main Street Elementary School
Public,•K-5•0.7mi
5/10
Menlo Avenue Elementary School
Public,•K-5•0.8mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.9mi
3/10
Trinity Street Elementary School
Public,•K-5•1.3mi
2/10
Western Avenue Elementary School
Public,•K-5•1.4mi
/10
Maple Primary Center
Public,•K-1•1.4mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.6mi
3/10
Angeles Mesa Elementary School
Public,•K-5•2.2mi
2/10
Forty-Second Street Elementary School
Public,•K-5•2.2mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.5mi
3/10
Sixth Avenue Elementary School
Public,•K-5•3.0mi
2/10
John Muir Middle School
Public,•6-8•0.9mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.3mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.5mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.5mi
1/10
Horace Mann Junior High School
Public,•6-8•2.2mi
2/10
Audubon Middle School
Public,•6-8•2.7mi
3/10
Manual Arts Senior High School
Public,•9-12•0.8mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.9mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.0mi
5/10
Santee Education Complex
Public,•9-12•2.5mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.6mi
Condition Rating
Poor
The property was built in 1910 and the images show outdated kitchen and bathroom. The kitchen features old appliances and cabinetry. The bathroom also appears to be in need of significant updates. Given the age and visible condition, the property requires substantial repairs and rehabilitation.
Pros & Cons
Pros
ADU Potential: The expansive backyard offers significant potential for building Additional Dwelling Units (ADUs), increasing rental income or property value.
Investment Opportunity: The property is marketed as an investment opportunity, suggesting potential for rental income or future appreciation.
Separate Rental Unit: The large garage includes a carport with a door and full cover with a separate unit offering the perfect opportunity to have a renter.
Cons
Age of Property: Built in 1910, the property may require updates or repairs due to its age.
Limited Bathrooms: The property only has one bathroom, which may be a drawback for some buyers.