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540 W 49th Street

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

For Sale

$1,475,000

Property Description

Built in 1929, 540 West 49th Street includes a streamlined unit mix of ten (10) one-bedroom / one-bathroom units. This rare, bungalow-style asset features a large center courtyard with easily maintained landscaping. This property offers great local amenities nearby including Exposition Park, The Coliseum, BMO Stadium, and The Natural History Museum. Along with these wonderful amenities South LA is one of the highest submarkets for annual rent growth according to CoStar. The property is also located in a position with very easy access to the -110, and -10 freeways offering great transportation options to several major employment hubs.

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

Ten (10) 1-Bedroom / 1-Bathroom Units

Property Type

Multifamily

Submarket

Price

Size

4,540 SF

Total Units

Year Built

1929

Property Location

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

Property Description

Built in 1929, 540 West 49th Street includes a streamlined unit mix of ten (10) one-bedroom / one-bathroom units. This rare, bungalow-style asset features a large center courtyard with easily maintained landscaping. This property offers great local amenities nearby including Exposition Park, The Coliseum, BMO Stadium, and The Natural History Museum. Along with these wonderful amenities South LA is one of the highest submarkets for annual rent growth according to CoStar. The property is also located in a position with very easy access to the -110, and -10 freeways offering great transportation options to several major employment hubs.

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

Ten (10) 1-Bedroom / 1-Bathroom Units

Property Details

Property Type

Multifamily

Submarket

South Los Angeles

Price

$1,475,000

Price per Unit

$147,500

Price per SF

$324.89

Status

For Sale

Size

4,540 SF

Total Units

10

Year Built

1929

Property Location

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

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