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Description
709 E 49th Street is a duplex in South LA with stunning architecture & curb appeal. Top heavy unit mix of a 3+1 front house, and a 2+1 in the back. Great opportunity for a first-time investor at a favorable $660k asking price. Currently grossing $42,936/year in income with approximately 30% rental upside, and low in-place expenses. Each unit pays for trash, is separately metered for both gas & electricity, and has their own water heater which makes this a low operating cost investment. This property is located on a safe & family friendly street across from an elementary school. Quick drive to all of the community attractions and developments at Exposition Park, USC and DTLA, and blocks away from the 10 Freeway entrance/exit for mobility. **This property is part of a 3-building portfolio with 1861 W MLK Jr Blvd (12 Units) and 211 E 55th Street (9 Units). All 3 can be bought together or separate.**
Location
"All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 28th September, 2023 1:19 AM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 28th September, 2023 1:19 AM (UTC)
Listing Agent: Jonathan Rawson
Listing Office: Avenue Realty Group
