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Listed by Collin Corsmeier, DRE #02011047 • Balboa Real Estate, Inc
$1,095,000
Est. payment /mo
5,199 Sqft Lot
Price Dropped by $100K
831 W 50th Los Angeles, CA 90037
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26221761
Year Built 2016
Lot Size 5,199 Sqft
Property Sub-Type Duplex
Source California Regional MLS
Property Description
Exceptional investment opportunity in Los Angeles! Built in 2016, this well-maintained duplex features two spacious residences, each offering 5 bedrooms, 3 bathrooms, and approximately 1,800 square feet of living space, for a combined 3,600 square feet. Situated on an approximately 5,199-square-foot lot, the property offers a desirable combination of modern construction, generous floor plans, and strong in-place rental income. Each residence features its own in-unit washer and dryer, separately metered electricity and water, and convenient garage parking. The property includes one two-car garage and one single-car garage, along with gated access for added privacy. Ownership has invested approximately $33,530 in improvements, including interior and exterior painting, carpeting, and the installation of a second water meter. Currently generating $8,140 per month in combined rental income ($97,680 annually), the property offers attractive cash flow with additional rental upside. At the asking price of $1,195,000, the property reflects an approximately 7.08% capitalization rate based on seller-reported operating expenses, or approximately 6.62% using buyer-adjusted property taxes. With its 2016 construction, substantial bedroom count, separately metered utilities, and esta
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Rooms
Kitchen Other, Oven Range - Gas, Oven - Gas
Interior
Laundry Other, Washer, Dryer
Exterior
Parking Features Assigned Spaces
Garage Spaces 3.0
Pool 31, None
Building
Water District - Public
Others
Tax ID 5018017023
Special Listing Condition Not Applicable
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