540 W 49th St

Sean Namis pleased to present a two property portfolio in the heart of South Los Angeles, located at 533 West 49th Street, and 540 West 49th Street, strategically situated directly across the street from each other. The two buildings total nineteen (19) units, with a blended 5.51% CAP rate, allowing new ownership to cashflow once acquiring the properties, while having incredible potential upside in rents, at 51%.
The two bungalow style units offer rare courtyard style units for tenants and are situated west of South Figueroa Street and sits south of west Vermont Avenue. 533 West 49th Street is a nine (9) unit building, which features eight (8) one-bedroom/ one-bathroom unit, and one (1) two-bedroom unit and is offered at a low $121,000 per unit at the asking price with over 100% rental upside.
540 West 49th Street is a ten (10) unit building, which includes a number of recent capital improvements throughout the property, with new roofs, new plumbing, and new electrical systems, while offering strong cash-flow day-one, with a 6.01% CAP rate and 10.5 GRM
Nestled at the core of South LA, this submarket exudes a captivating blend of historical charm and modern sophistication. Bounded by the 10 and 110 freeways and conveniently accessible via the Metro Expo Line, this neighborhood stands as a vibrant nexus of culture and commerce. The South Los Angeles submarket continues to experience rises in population, employment, property values, and development.