708 E 50th St
Los Angeles, CA 90011 (Vernon/Main)
Contact For Estimate

708 E 50th St
Los Angeles, CA 90011

(Vernon/Main)
  • 12 baths
  • 7,448 sqft
  • 7,499 sqft lot size
  • Multi-Family
Off Market · Public Record
Contact For Estimate
708 E 50th St
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  • 1 Elementary School

    1 Middle School

    1 High School

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  • Moderate crime relative to the rest of Los Angeles county.

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  • 67% of residents commute by car.

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  • 125 Restaurants

    29 Grocery stores

    8 Nightlife

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Off Market · Public Record

Home Details

Overview
  • Multi-Family
  • 12 Baths
  • Built in 1963
  • 7,499 sqft lot size
  • 7,448 sqft
Description

This property is no longer available to rent or buy. This description is from December 20, 2011
We are pleased to present an opportunity to acquire an 8 unit apartment building just off the corner of Avalon Blvd and Slauson Blvd. The property is located in a dense market with rental upside. The subject property provides and excelling unit mix with 4-1brx1ba units and 4-2brx2ba units. Serveral of the units have their own balcony. The subject site has close proximity to the LA Memorial Coliseum, the University of Southern California, the LA Natural History Museum, the California Science Center, the South Park Recreation Center, 49th Elementray school, dining locations, and grocery stores. The property has the potential for significant upside in rents through an upgrade, better management and the repositioning of the property. Please do not walk on property and please do not disturb the tenants. Make all offers subject to inspection. NOD filed but this is not a short sale. Can be sold with 10 unit property located at 1345 Martin Luther King Blvd.

Price History
Date
Price
Event

08/31/2012
$660,000
Sold
Recording Date
08/31/2012
Contract Date
08/03/2012
Sale Price
$660,000
Price Type
Full amount computed from Transfer Tax or Excise Tax.
County Transfer Tax
$726
Total Transfer Tax
N/A
Transaction Type
Insured Non-Residential Grant Deed
Document Type
N/A

02/22/2012
$480,000
Sold
Recording Date
02/22/2012
Contract Date
01/24/2012
Sale Price
$480,000
Price Type
Full amount computed from Transfer Tax or Excise Tax.
County Transfer Tax
$528
Total Transfer Tax
N/A
Transaction Type
Insured Non-Residential Grant Deed
Document Type
N/A

01/06/1997
$80,000
Sold
Recording Date
01/06/1997
Contract Date
12/27/1996
Sale Price
$80,000
Price Type
Full amount computed from Transfer Tax or Excise Tax.
County Transfer Tax
$88
Total Transfer Tax
N/A
Transaction Type
Insured Non-Residential Grant Deed
Document Type
N/A

Property Taxes and Assessment
Year
2017
Tax
$9,391.00
Assessments
$700,284
Land
$381,973
Improvements
$318,311
Total
$700,284
Market Value
N/A

Affordability
Additional Costs

Price Trends
Real Estate Trends
Average Listing Price for 90011
$576,563
20% above sold price
Median Sale Price for 90011
$366,000
24% below sold price
Average Sale price/sqft for 90011
$290/sqft
Comparables and Estimates
Sold Homes
Address Distance Property Type Sold Price Sold Date Bed Bath Sqft
8.05
Multi-Family
$890,000
11/17/17
7
4
3,530
4.93
Multi-Family
$705,000
11/14/17
1
2
1,280
5.47
Multi-Family
$790,000
11/15/17
6
4
3,251
5.4
Multi-Family
$1,050,000
11/14/17
4
2
1,978
3.79
Multi-Family
$935,000
12/05/17
2
1
1,140
5.36
Multi-Family
$705,000
11/22/17
4
4
2,146
4.32
Multi-Family
$680,000
11/15/17
2
4
2,830
3.45
Multi-Family
$875,000
11/15/17
4
4
3,700
6.18
Multi-Family
$665,000
11/22/17
8
4
2,378
5
Multi-Family
$740,000
11/15/17
4
2
2,962

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