4-UNIT APARTMENT COMPLEX + ADU CONVERSION
601 W 49TH STREET
LOS ANGELES, CA 90037
OFFERING METRICS WITHOUT ADU CONVERSION
PRICE PER UNIT
PRICE PER SF
Located in Los Angeles, 601 49th Street is a four unit fully renovated apartment complex with a complete accessory dwelling unit for a total of five. The unit mix for the building is (1)- 1 bed / 1 bath, (2)- 4 bed / 2 bath, (1)- 5 bed / 2 bath + office and (1)- 3 bed / 2 bath ADU. This property is a ±5,546 SF building on a ±6,794 SF lot including the ADU unit.
This building is has been renovated with four of the five units featuring freshly painted units, wood flooring, brand new kitchen cabinets and sink. Each bathroom has been updated with modern finishes such as new toilets, faucets and vanities and tub/showers. Each unit also offers separate water heaters and washer/dryer hookups offering tenants the ability to have in-unit laundry. Each unit was remodeled with updated electrical panels, individual water heaters and in-unit laundry hookups.
All units are remodeled except for the 1 bed / 1 bath unit which is currently in need of renovations for a potential conversion to a 4 bed / 2 bath unit.
This building is located just a short 20-minute drive from Downtown Los Angeles and a short 10-minute drive to the University of Southern California perfect for commuting tenants entering LA or students attending USC.
Quadruplex with completed garage conversion accessory dwelling unit. Fifth legal unit to be operational following the Close of Escrow.
Great cash-on-cash return of 8.47% prior to renovation of the existing 1 bed / 1 bath unit to a 4 bed / 2 bath unit
Located in an upcoming neighborhood of Los Angeles near the 110 Freeway, University of Southern California and Downtown Los Angeles
Four of Five units offer individual water heaters, washer/dryer hookups, beautiful updated flooring with updated bathrooms
Two upper level units include private balconies
Opportunity for residential financing in the even Buyer would like to pursue a 30 year loan. Certificate of Occupancy to be issued following the Close of Escrow
Property is located near several markets such as El Super, Superior Grocers and Northgate Market and surrounded by local and chain restaurants for convenience
Building is a 10-minute drive to iconic entertainment locations such as the LA Coliseum, Natural History Museum of LA, California Science Center and the Banc of California