625 E 49th Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$1,148,000
625 E 49th Street, Los Angeles, California 90011
0Bed
0Bath
3,978Sqft
5,489Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Rental Income: The property is a 4-unit quadruplex generating a significant gross rental income of $8403 per month, offering immediate and substantial cash flow for an investor.
Top Cons:
Property Age: Built in 1948, the property is 76 years old, which may imply aging infrastructure, potential for deferred maintenance, and the need for significant capital expenditures in the near future.
Compared to the nearby listings
Price:$1.15M vs avg $672.0K (+$476,000)88%
Size:3,978 sqft vs avg 2,042 sqft96%
Price/sqft:$289 vs avg $34123%
More Insights
Built in 1948 (77 years old).
Condition: Despite being built in 1948, the property features recently and extensively renovated kitchen and bathroom areas. The kitchen boasts new white shaker cabinets, modern countertops, new stainless steel sink, and brand-new white appliances (still with protective film). The bathroom is also updated with modern grey tiling, a new glass shower enclosure, and a new toilet. These key areas are in excellent, move-in ready condition. However, without information or images of other units, major systems, or a full exterior renovation, the overall property cannot be classified as 'Excellent' given its age. The visible renovations align with the 'Good' criteria of being extensively renovated within 5-15 years in key areas, making it move-in ready.
Year Built
1948
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$289
HOA
-
Days on market
-
Sold On
-
MLS number
PW24080691
Home ConditionGood
Features
View-
About this home
An investment property is suitable for the owner to live in and manage. This is an excellent opportunity to own a 4-unit property. Gross rental income of $8403 per month is equipped with 10 bedrooms and 4 bathrooms. Potential ADU more income. Enough parking space and easy alley access.
Nearby schools
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.2mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.5mi
2/10
Aurora Elementary School
Public,•K-5•0.5mi
2/10
Main Street Elementary School
Public,•K-5•0.6mi
2/10
Harmony Elementary School
Public,•K-5•0.7mi
5/10
Estrella Elementary School
Public,•K-5•0.8mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.8mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.0mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.3mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.4mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.6mi
3/10
George Washington Carver Middle School
Public,•6-8•0.4mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.5mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.5mi
2/10
John Muir Middle School
Public,•6-8•1.8mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.0mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.1mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.6mi
3/10
Manual Arts Senior High School
Public,•9-12•1.7mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.0mi
5/10
Santee Education Complex
Public,•9-12•2.1mi
Price History
Date
Event
Price
03/24/21
Sold
$875,000
09/28/18
Sold
$875,000
09/29/17
Sold
$571,000
01/10/07
Sold
$700,000
Condition Rating
Good
Despite being built in 1948, the property features recently and extensively renovated kitchen and bathroom areas. The kitchen boasts new white shaker cabinets, modern countertops, new stainless steel sink, and brand-new white appliances (still with protective film). The bathroom is also updated with modern grey tiling, a new glass shower enclosure, and a new toilet. These key areas are in excellent, move-in ready condition. However, without information or images of other units, major systems, or a full exterior renovation, the overall property cannot be classified as 'Excellent' given its age. The visible renovations align with the 'Good' criteria of being extensively renovated within 5-15 years in key areas, making it move-in ready.
Pros & Cons
Pros
High Rental Income: The property is a 4-unit quadruplex generating a significant gross rental income of $8403 per month, offering immediate and substantial cash flow for an investor.
ADU Potential: The description explicitly mentions 'Potential ADU more income,' indicating a clear opportunity for future value-add, increased unit count, and enhanced revenue streams.
Multi-Unit Configuration: With 10 bedrooms and 4 bathrooms across 4 units, the property offers a flexible configuration suitable for various tenant types and diversified income, reducing vacancy risk.
Practical Amenities: The presence of 'enough parking space and easy alley access' is a highly desirable feature for multi-unit properties in an urban setting like Los Angeles, enhancing tenant convenience and property appeal.
Los Angeles Market: Located in Los Angeles, the property benefits from a high-demand rental market, strong long-term appreciation potential, and a robust tenant pool.
Cons
Property Age: Built in 1948, the property is 76 years old, which may imply aging infrastructure, potential for deferred maintenance, and the need for significant capital expenditures in the near future.
Aggressive Pricing: The current list price of $1,148,000 represents a substantial increase from the last sale of $875,000 in 2021, potentially indicating an aggressive valuation that may require strong market justification.
Mixed School Ratings: The surrounding school district exhibits mixed ratings, which could be a consideration for owner-occupants or tenants with school-aged children, potentially limiting a segment of the buyer/tenant pool.