324 W 50th Street
Los Angeles, CA 90037
- – beds
- – baths
- – sqft
- 6,886 sqft lot
- 1922 build
- – on site
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Discover a remarkable investment opportunity at 324 W 50th Street in the vibrant city of Los Angeles. This well-maintained 6-unit apartment building offers a diverse array of units, including four spacious 1-bedroom, 1-bath apartments and two convenient studios. The property boasts a substantial lot size of 6,886 square feet, providing room for potential expansion, outdoor amenities, or landscaping enhancements. With a total building size of approximately 4,556 square feet, all residents enjoy comfortable living spaces. One of the standout features of this property is its versatility. There is the potential to create an additional dwelling unit (ADU) on the premises, allowing for increased rental income or the provision of a separate living space. Additionally, there is an opportunity to introduce onsite laundry facilities, which can enhance tenant convenience and generate supplementary income. Utility management is streamlined thanks to the existence of separate gas and electric meters for each of the six units. This simplifies billing and ensures efficient handling of tenant utilities. Convenience is key with easy freeway access, making it effortless for tenants to commute and access nearby amenities, shopping centers, and entertainment options. This 6-unit apartment building at 324 W 50th Street is a well-rounded investment in a sought-after Los Angeles location. Its unit mix, potential for expansion, and utility separation make it an attractive prospect for investors seeking steady rental income and future growth opportunities. Don't miss the chance to add this property to your real estate portfolio.
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Last updated Nov 28, 2023
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MLS# AR23178693 —
Walk Score®
Provided by WalkScore® Inc.
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).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/27/23
Nov 27, 2023
|
Sold | CRMLS_CA | $836,850 | -6.9% |
|
10/26/23
Oct 26, 2023
|
Sold Subject To Contingencies | CRMLS_CA | $899,000 | |
|
9/25/23
Sep 25, 2023
|
Listed / Active | CRMLS_CA | $899,000 |