NOT LISTED FOR SALE

708 E 50th St Los Angeles, CA 90011

South Park Neighborhood
3 Beds
3 Baths
7,448 Sq Ft
7,500 Sq Ft Lot

Last Sold February 27, 2012

Last sale price $450,000 $60 Per Sq Ft

23 Days on Market

Highlights

  • Contemporary Architecture
  • No Heating
  • 4-minute walk to 49th Street Park
  • Wood Siding

About This Home

As of February 2012

We are pleased to present an opportunity to acquire an 8 unit apartment building just off the corner of Avalon Blvd and Slauson Blvd. The property is located in a dense market with rental upside. The subject property provides and excelling unit mix with 4-1brx1ba units and 4-2brx2ba units. Serveral of the units have their own balcony. The subject site has close proximity to the LA Memorial Coliseum, the University of Southern California, the LA Natural History Museum, the California Science Center, the South Park Recreation Center, 49th Elementray school, dining locations, and grocery stores. The property has the potential for significant upside in rents through an upgrade, better management and the repositioning of the property. Please do not walk on property and please do not disturb the tenants. Make all offers subject to inspection. NOD filed but this is not a short sale. Can be sold with 10 unit property located at 1345 Martin Luther King Blvd.

Last Agent to Sell the Property

George Bustamante

Coldwell Banker Commercial License #01484265 Listed on: 12/19/2011

Coldwell Banker Commercial

Co-Listed By

Arthur Ritz

No Firm Affiliation License #00976003

Last Buyer's Agent

George Bustamante

Coldwell Banker Commercial License #01484265 Listed on: 12/19/2011

Coldwell Banker Commercial

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,500 Sq Ft Lot

Parking

  • 7 Parking Spaces

Home Design

  • 7,448 Sq Ft Home
  • Contemporary Architecture
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Block D
  • Assessor Parcel Number 5108013012

Community Details

Overview

  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Net Operating Income $48,805

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.98
  • View: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 5108013012
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: Yes
  • Price Per Square Foot: 60.42

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Multiplier: 7.91
  • Gross Scheduled Income: 88320.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 48805.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 35099.00

Tax Info

  • Tax Area: 7
  • Tax Block: D
  • Tax Lot: 0.

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2012 02/27/12 Sold $450,000 -35.6% $60 / Sq Ft
01/11/2012 01/11/12 Pending -- -- --
12/19/2011 12/19/11 For Sale $699,000 -- $94 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • George Bustamante

    Seller's Agent in 2012

    George Bustamante

    Coldwell Banker Commercial

    (562) 326-5043

    42 Total Sales

    George Bustamante
    Section Image

  • A

    Seller Co-Listing Agent in 2012

    Arthur Ritz

    No Firm Affiliation

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P806408

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90011 South Park

708 E 50th St, Los Angeles, CA

This home is located at 708 E 50th St, Los Angeles, CA 90011 since 19 December 2011. This property was built in 1963. 708 E 50th St is a home located in Los Angeles County with nearby schools including Forty-Ninth Street Elementary School, George Washington Carver Middle School, and Thomas Jefferson Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes