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533 W 49th Street

533 West 49th Street, Los Angeles, CA, USA

For Sale

$1,195,000

Property Description

Built in 1926, 533 West 49th Street includes a favorable unit mix of eight (8) one-bedroom / one-bathroom units, and one (1) two-bedroom / one-bathroom unit. This property is a rare, bungalow-style asset that features a large center courtyard with easily maintained landscaping. The units are spread across three (3) separate buildings giving tenants a quiet and private location. The property also includes ample street parking for tenants. South LA is a large region of Los Angeles made up of the neighborhoods south of Downtown L.A. This area is multi-culturally and economically diverse and offers residents a dense suburban feel in a historic market of Los Angeles. Residents can take advantage of the area’s many food and entertainment spaces within walking distance of the subject properties. The more noteworthy news for the area is the great revitalization plan for South L.A. For the first time in decades, major development projects are underway in South L.A. Most prominently, an incredible state of the art NFL stadium just opened in Inglewood-- and it will be surrounded by a planned community made up of thousands of new homes. But the development wave doesn’t stop there. New restaurants, grocery stores, and shops are in the pipeline for neighborhoods from West Adams to Watts. The county and Metro are teaming up to find a developer to build 492 residential units, a grocery store, theater, and locally-owned restaurants located at 3606 West Exposition Boulevard. The Lucas Museum of Narrative Art, South L.A. Wetlands Park, Hollywood Park, Clipper’s Arena, and Magic Johnson Park are some more examples of developments currently underway.

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.

Contact Agent

Jason Tuvia | Carter Kruse

818.212.2732

Unit Mix

Eight (8) 1-Bedroom / 1-Bathroom Units & One (1) 2-Bedroom / 1-Bathroom Unit

Property Type

Multifamily

Submarket

Price

Size

4,356 SF

Total Units

Year Built

1926

Property Location

533 West 49th Street, Los Angeles, CA, USA

Property Description

Built in 1926, 533 West 49th Street includes a favorable unit mix of eight (8) one-bedroom / one-bathroom units, and one (1) two-bedroom / one-bathroom unit. This property is a rare, bungalow-style asset that features a large center courtyard with easily maintained landscaping. The units are spread across three (3) separate buildings giving tenants a quiet and private location. The property also includes ample street parking for tenants. South LA is a large region of Los Angeles made up of the neighborhoods south of Downtown L.A. This area is multi-culturally and economically diverse and offers residents a dense suburban feel in a historic market of Los Angeles. Residents can take advantage of the area’s many food and entertainment spaces within walking distance of the subject properties. The more noteworthy news for the area is the great revitalization plan for South L.A. For the first time in decades, major development projects are underway in South L.A. Most prominently, an incredible state of the art NFL stadium just opened in Inglewood-- and it will be surrounded by a planned community made up of thousands of new homes. But the development wave doesn’t stop there. New restaurants, grocery stores, and shops are in the pipeline for neighborhoods from West Adams to Watts. The county and Metro are teaming up to find a developer to build 492 residential units, a grocery store, theater, and locally-owned restaurants located at 3606 West Exposition Boulevard. The Lucas Museum of Narrative Art, South L.A. Wetlands Park, Hollywood Park, Clipper’s Arena, and Magic Johnson Park are some more examples of developments currently underway.

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.

Contact Agent

Jason Tuvia | Carter Kruse

818.212.2732

(818) 448-4415

CalBRE #01772495

Unit Mix

Eight (8) 1-Bedroom / 1-Bathroom Units & One (1) 2-Bedroom / 1-Bathroom Unit

Property Details

Property Type

Multifamily

Submarket

South Los Angeles

Price

$1,195,000

Price per Unit

$132,778

Price per SF

$274.33

Status

For Sale

Size

4,356 SF

Total Units

9

Year Built

1926

Property Location

533 West 49th Street, Los Angeles, CA, USA

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