NOT LISTED FOR SALE

762 E 50th St Los Angeles, CA 90011

South Park Neighborhood
10 Beds
5 Baths
3,210 Sq Ft
6,062 Sq Ft Lot

Last Sold January 11, 2021

Last sale price $1,325,000 $413 Per Sq Ft

76 Days on Market

Highlights

  • Newly Remodeled
  • Tankless Water Heater
  • 5-minute walk to 49th Street Park

About This Home

As of January 2021

GROUND-UP RENOVATION COMPLETED 2020: ALL SYSTEMS UPGRADED. Presented for sale is a 5-unit apartment building located in the South Park neighborhood of Los Angeles, CA, just an 8-minute drive to USC. The two structures, both individually metered for gas & electric, consist of an SFR (2 bedroom + 1 bathroom), and a FOURPLEX (one 3 bedroom + 1 bathroom unit, two 2 bedroom + 1 bathroom units, and one 1 bedroom + 1 bathroom unit). UPGRADES INCLUDE NEW: roof, windows, stucco, electrical, plumbing, tankless water heaters, flooring, kitchens, bathrooms, low-maintenance landscaping, security cameras, awnings, a/c units, etc. Fully-occupied, stabilized, strong cash-flow. Some tenants Section 8. Great 1031 Exchange property.

Last Agent to Sell the Property

Zachary Krasman

Compass License #01814990 Listed on: 07/25/2020

Compass

Last Buyer's Agent

Juan Michael

Forward Real Estate License #01830409

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924 | Newly Remodeled

Lot Details

  • 6,062 Sq Ft Lot
  • Lot Dimensions are 40x150

Home Design

  • Additions or Alterations
  • Cosmetic Repairs Needed
  • Major Repairs Completed
  • Stucco

Interior Spaces

  • 3,210 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Window Unit Cooling System
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 5108-013-005

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1924 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Building Permit: Yes
  • Living Area: 3210
  • Lot Acreage: 0.1392
  • Lot Dimensions: 40x150
  • Price Per Unit: 279800.00
  • Probate: No
  • Property Condition: New Construction, Additions/Alter, Repairs Major, Repair Cosmetic, Updated/Remodeled
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 21
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 435.83

Exterior Features

  • Construction: Stucco
  • Other Structures: None
  • Paved: Yes
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Other Spaces: 5
  • Total Parking: 5

Utilities

  • Water Heater: Tankless
  • Cooling: Window Unit(s)
  • Heating: Combination
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 62.50
  • Assessed Improvement Value: 265259
  • Assessed Land Percent: 37.5
  • Assessed Land Value: 159154
  • Total Assessed Value: 424413
  • Assessor Parcel Number: 5108-013-005
  • Lot Size Area: 6062

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 10.20
  • Number Of Units: 5
  • Rent Control: 100
  • Total Annual Expense: 33217
  • Type Of Units: Multifamily
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 0

Range of Values:

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Sold Price
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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 Prior Sale
01/11/2021 01/11/21 Sold $1,325,000 -5.3% $413 / Sq Ft
10/09/2020 10/09/20 Pending -- -- --
10/05/2020 10/05/20 Price Changed $1,399,000 -11.2% $436 / Sq Ft
08/06/2020 08/06/20 Price Changed $1,575,000 -6.0% $491 / Sq Ft
07/25/2020 07/25/20 For Sale $1,675,000 +196.5% $522 / Sq Ft
02/15/2019 02/15/19 Sold $565,000 -8.9% $176 / Sq Ft View Prior Sale
01/21/2019 01/21/19 Pending -- -- --
11/29/2018 11/29/18 Price Changed $620,000 -4.6% $193 / Sq Ft
11/08/2018 11/08/18 For Sale $650,000 +62.5% $202 / Sq Ft
12/21/2012 12/21/12 Sold $400,000 -11.1% $599 / Sq Ft View Prior Sale
12/03/2012 12/03/12 Pending -- -- --
01/10/2010 01/10/10 For Sale $450,000 -- $674 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Zachary Krasman

    Seller's Agent in 2021

    Zachary Krasman

    Compass

    (626) 205-4040

    1 in this area

    104 Total Sales

    Zachary Krasman
    Section Image
  • Juan Michael

    Buyer's Agent in 2021

    Juan Michael

    Forward Real Estate

    (323) 873-6550

    1 in this area

    8 Total Sales

    Juan Michael
    Section Image
  • Anthony Arana

    Seller's Agent in 2019

    Anthony Arana

    Executive Bankers Realty

    (323) 697-6259

    65 Total Sales

    Anthony Arana
    Section Image

  • T

    Seller's Agent in 2012

    Teri McHugh

    Teri Michelle McHugh

    (310) 739-9835

    2 Total Sales

    Teri McHugh
    Section Image
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Map

Source: The MLS

MLS Number: 20-609460

The MLS
California Los Angeles County Los Angeles 90011 South Park

762 E 50th St, Los Angeles, CA

This home is located at 762 E 50th St, Los Angeles, CA 90011 since 25 July 2020. This property was built in 1924. 762 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.

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