687 E 49th St

Los Angeles CA 90011

6598 sq. ft.

Multi-Family

Last sold for $805,000

Collin Johnson, last sold this property on 02 June 2026 after 109 days on market.

Overview

***One of units may be delivered vacant. Seller inteds to update second unit at no cost to buyer.*** E 49th Street presents an exceptional turnkey triplex opportunity in a centrally located pocket near Downtown Los Angeles, ideal for both investors and owner-occupants. The third unit was built completely ground-up within the last year, offering modern construction, updated systems, and long-term peace of mind. The front and middle units have been tastefully remodeled with contemporary finishes and functional layouts leaving a bit of room for some cosmetic updates, creating a clean, well-maintained property where you wont need to lift a finger on repairs. The property produces strong, reliable rental income, including a few long-term tenants that provide stability and consistent cash flow from day one. The location offers outstanding accessibility and convenience, situated just minutes from Downtown LA, the thriving Arts District, USC, LA Live, Crypto.com Arena, BMO Stadium, Exposition Park, and the Fashion District. The surrounding area continues to experience growth driven by nearby employment hubs along the Alameda Corridor, as well as expanding dining, coffee, brewery, entertainment, and creative business spaces throughout the Arts District. With easy access to the 10, 110, 5, and 101 freeways, commuting throughout Los Angeles is seamless, making this a highly desirable rental location. This is a rare opportunity to acquire a low-maintenance, income-producing asset in a high-demand market with strong long-term upside.

Features

6 bedrooms

4 bathrooms

6598 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 6 bedroom multi families sold in Los Angeles over the last 12 months, the estimated median property value of 687 E 49th St is $894.5k.

Median value

$894.5k

Estimated value range

$649k - $1.04m

Median days on market

Estimated value trend

24%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Los Angeles. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 687 E 49th St

2026

Sold

$805,000

02 Jun 2026 by Collin Johnson, of RE/MAX One

2017

Sold

$475,000

06 Sep 2017 by ERNESTO GARCIA

Happy sellers in Los Angeles

We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.