10 bedroom house for sale

Overview

We are pleased to present a two (2) property portfolio totaling nineteen (19) units located at 540 and 533 West 49th Street in Los Angeles, California. The subject property is positioned in a solid South Los Angeles location, south of W Vermont Avenue, west of S Figueroa Street. Built in 1929, 540 West 49th Street includes a streamlined unit mix of ten (10) one-bedroom / one-bathroom units. This rare, bungalow-style asset features a large center courtyard with easily maintained landscaping. This property offers great local amenities nearby including Exposition Park, The Coliseum, BMO Stadium, and The Natural History Museum. Along with these wonderful amenities South LA is one of the highest submarkets for annual rent growth according to CoStar. The property is also located in a position with very easy access to the -110, and -10 freeways offering great transportation options to several major employment hubs. Built in 1926, 533 West 49th Street includes a favorable unit mix of eight (8) one-bedroom / one-bathroom units, and one (1) two-bedroom / one-bathroom unit. Similar to 540 West 49th Street this property is also a rare, bungalow-style asset that features a large center courtyard with easily maintained landscaping. The units are spread across three (3) separate buildings giving tenants a quiet and private location. The property also includes ample street parking for tenants. Situated in a solid South LA location, this offering presents an excellent opportunity for any investor to capitalize on attractive assumable loans to acquire up to two (2) properties right across the street from each other.