1 month on rocket

1500 W 50th St, Los Angeles, CA, 90062

$755,000

Home List Price

$8,966*

Closing Credit

0 Baths
Multi

Location

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1500 W 50th St, Los Angeles$755,000

Buyer Closing Credits

$8,966*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1924
HeatingCentral
MLS #RS24209898
Lot Size0.13 Acres
StatusActive

About 1500 W 50th St

Great opportunity to own a income property for the price of a single-family home! This well-maintained, remodeled property sits on a large corner lot and features a 4-bedroom, 2-bathroom front house and a 2-bedroom, 1-bathroom separate unit in the back. Both units are fully tenant-occupied with long-term, stable tenants, providing immediate rental income. The property is gated for privacy and includes ample parking. Conveniently located near schools, USC, Bank of California Stadium, museums, downtown LA, shopping centers, grocery stores, restaurants, coffee shops, and parks, with easy access to major freeways. This is a fantastic investment opportunity with low maintenance costs and great potential for rental upside in a highly metropolitan area. Ideal for seasoned investors or first-time buyers looking to start collecting income right away!

Property Details

Property Features

Property Information:

  • Year Built: 1924
  • Stories: 2

Listing Office:

  • Office Name: Circle Real Estate
  • Office Phone: (562) 754-0660
  • Listing Agent: Mark Perez

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Central

Other

Directions Information:

  • Directions: Dalton Ave and 50th St

Price Information

Listing Price Info

Price Summary:

  • List Price: $755,000

Tax Information:

  • Annual Amount: $6,787
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

1500 W 50th St vs Los Angeles

41 DAYS ON ROCKET

+3 Days

$755,000

-$268.4K Less

KEY TAKEAWAY

This property is $268.4K less than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #RS24209898

Listing Office:

  • Office Name: Circle Real Estate
  • Office Phone: (562) 754-0660
  • Listing Agent: Mark Perez

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 8:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 08, 2014Home Sold
$418,000
Sep 05, 2000Home Sold
$164,500
Apr 07, 1995Home Sold
$122,000
Dec 07, 1990Home Sold
$160,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,787$545,727
2020$5,729$540,132
2019$5,653$459,342
2018$5,535$450,337
2017$5,535$441,508

History based on county public records data.

Payment Calculator

$3,836

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,330

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-418702
4
/10

  • Western Avenue Elementary

  • 1724 W 53rd St

  • 0.35 miles

  • Public Magnet Grades KG-5

school-card-donut-418703
5
/10

  • Normandie Avenue Elementary School

  • 4505 S Raymond Ave

  • 0.42 miles

  • Public District Grades PK-5

school-card-donut-418704
3
/10

  • Kipp Vida Preparatory Academy

  • 4410 S Budlong Ave

  • 0.60 miles

  • Public Charter Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,000. The majority of Los Angeles, CA residents have income less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90062›1500 W 50th St

This home is located at 1500 W 50th St in Los Angeles, CA and zip code 90062 in the South LA neighborhood. This home, which was built in 1924, sits on a 0.13 acre lot. It has been listed on Rocket Homes since October 11, 2024 and is currently priced at $755,000.

While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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