1640 E 49th Street
Los Angeles, CA 90011
- – beds
- – baths
- – sqft
- 4,600 sqft lot
- 1923 build
- – on site
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1640 E 49th Street is a 4-unit value add apartment building located in South Los Angeles, CA. The building is fully occupied and has an excellent unit mix of(3) 2 Bed, 1 Bath units and (1) 3 Bed, 1 Bath unit. The property also includes ample surface parking with room for 4-5 cars and access from Morgan Avenue and 49thStreet. The property is currently operating with approximately 85% in rental upside, allowing for significant value to be added for the next owner. South Los Angeles has seen steady growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Huntington Park, Vernon, and Orange County. Rents in South LA have grown significantly over the past two years with average 2 bedroom market rents reaching $2,250, a nearly 20% increase from2020. With low vacancy rates, landlord favoredmarket conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.
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Last updated Apr 5, 2023
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MLS# 22204717 —
Walk Score®
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Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
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View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/12/23
Jan 12, 2023
|
Sold | CRMLS_CA | $780,000 | -10.9% |
|
12/5/22
Dec 5, 2022
|
Sold Subject To Contingencies | CRMLS_CA | $875,000 | |
|
11/23/22
Nov 23, 2022
|
Price Changed | CRMLS_CA | $875,000 | -12.5% |