The subject property is positioned in a solid South Los Angeles location, south of W Vermont Avenue, west of S Figueroa Street. Built in 1929, 540 West 49th Street includes a streamlined unit mix of ten (10) one-bedroom / one-bathroom units. This rare, bungalow-style asset features a large center courtyard with easily maintained landscaping. This property offers great local amenities nearby including Exposition Park, The Coliseum, BMO Stadium, and The Natural History Museum. Along with these wonderful amenities South LA is one of the highest submarkets for annual rent growth according to CoStar. The property is also located in a position with very easy access to the -110, and -10 freeways offering great transportation options to several major employment hubs. Situated in a solid South LA location, this offering presents an excellent opportunity for any investor to capitalize on an attractive assumable loan in a rapidly developing pocket of Los Angeles.
Property Details
Price:
$1,475,000
MLS #:
24396865
Status:
Active
Baths:
0
Address:
540 W 49th Street
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
May 28, 2024
State:
CA
ZIP:
90037
Lot Size:
6,797 sqft / 0.16 acres (approx)
Year Built:
1929
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Refrigerator
Flooring
Wood
Heating
Wall Furnace
Exterior
Lot Features
Rectangular Lot, Landscaped
Parking Features
None
Parking Spots
0.00
Pool Features
None
Spa Features
None
Stories Total
2
View
City Lights
Financial
Map
Community
- Address540 W 49th Street Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90037
Similar Listings Nearby
- 1400 S Wilton Place
Los Angeles, CA$1,900,000
3.71 miles away
- 1236 Keniston Avenue
Los Angeles, CA$1,899,000
4.80 miles away
- 2637 S Redondo Boulevard
Los Angeles, CA$1,895,000
4.76 miles away
- 1331 S Mansfield Avenue
Los Angeles, CA$1,895,000
4.98 miles away
- 1327 W 35th Street
Los Angeles, CA$1,895,000
1.99 miles away
- 910 S Catalina Street
Los Angeles, CA$1,890,000
3.99 miles away
- 1056 S Serrano Avenue
Los Angeles, CA$1,850,000
3.84 miles away
- 1455 W 28th Street
Los Angeles, CA$1,850,000
2.23 miles away
- 2643 S Budlong Avenue
Los Angeles, CA$1,850,000
2.37 miles away
- 136 W 48th Street
Los Angeles, CA$1,850,000
0.50 miles away
Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
540 W 49th Street
Los Angeles, CA
LIGHTBOX-IMAGES