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687 E 49th St

Los Angeles CA 90011

6
4
6598 sq. ft.
Multi-Family
Currently for sale - view listing

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

Property history for 687 E 49th St

2017
Sold
$475,000
06 Sep 2017 by ERNESTO GARCIA

Happy sellers in Los Angeles

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Local market activity for 6 bedroom multi families in Los Angeles

In the last 12 months, 5 six-bedroom multi families similar to 687 E 49th St, have been sold.

This represents a 33% decrease in six-bedroom multi families sales when compared to the previous 12 months.

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