540 W 49th St | Los Angeles, CA 90037
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- LoopNet Team
540 W 49th St
Los Angeles, CA 90037
Multifamily Property For Sale
·
19 Units
Investment Highlights
- Two bungalow-style properties sit directly across the street from each other and are situated west of South Figueroa Street
- 540 W. 49th Street is being offered at a 6% CAP Rate and 10.5 GRM at the Asking Price
- Recent capital improvements throughout the property at 540 W. 49th St, with new roofs, new plumbing, and new electrical systems
- 533 W. 49th Street features eight (8) one-bedroom/one-bathroom unit, and one (1) two-bedroom unit and is offered at a low $121,000 per unit
- Both buildings are offered at a blended 5.51% CAP rate at the asking price with a significant rental upside, over 51%
- Located in a dense, infill location of South Los Angeles with an easy commute to Downtown, Vernon, and the 110 or 10 Freeways
Property Facts
| No. Units | 19 | Lot Size | 0.31 AC |
| Property Type | Multifamily | Building Size | 10,329 SF |
| Property Subtype | Apartment | Average Occupancy | 90% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | C | Year Built | 1929 |
| Zoning | LARD2 | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 10,329 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built | 1929 |
| Zoning | LARD2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | - |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $195,211 | |
| Land Assessment | $1,784,826 | Total Assessment | $1,980,037 |
Property Taxes
Parcel Numbers
Land Assessment
$1,784,826
Improvements Assessment
$195,211
Total Assessment
$1,980,037
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