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540 W 49th St
Los Angeles, CA 90037 Vermont Harbor

$2,495,000 USD

Apartments For Sale  •  8,896 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,896 SF
  • Lot Size 0.31 AC
  • Building Class C
  • Year Built 1929
  • Zoning LARD2
62 Transit Score
73 Walk Score

Highlights

Two bungalow-style properties sit directly across the street from each other and are situated west of South Figueroa Street
533 W. 49th Street features eight (8) one-bedroom/one-bathroom unit, and one (1) two-bedroom unit and is offered at a low $121,000 per unit
540 W. 49th Street is being offered at a 6% CAP Rate and 10.5 GRM at the Asking Price
Both buildings are offered at a blended 5.51% CAP rate at the asking price with a significant rental upside, over 51%
Recent capital improvements throughout the property at 540 W. 49th St, with new roofs, new plumbing, and new electrical systems
Located in a dense, infill location of South Los Angeles with an easy commute to Downtown, Vernon, and the 110 or 10 Freeways

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 10 min - 6.2 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 6.3 mi
AirportDriveWalkDistance
Los Angeles International 19 min - 10.1 mi
Long Beach (Daugherty Field) 25 min - 18.7 mi
Bob Hope 29 min - 21.3 mi
Sean Nami 310-279-7779 Lyon Stahl Investment Real Estate
Sean Nami 310-279-7779 Lyon Stahl Investment Real Estate