$8,313 Closing Credit¹
#DW25012397, Rolando Lopez, Listing Office: Freedom Homes
#RS25012405·
Listing Office: Circle Real Estate·
Listing Agent: Mark Perez·
Listing Office Phone: 562-754-0660
$699,000 List price
1500 W 50th St Los Angeles, CA 90062
$8,301
Closing credit¹
0.1 acres
Multi-Family
Property details
About 1500 W 50th St
This is an exceptional investment opportunity to own an income-generating property at the price of a single-family home. Situated on a spacious corner lot, this meticulously maintained and remodeled property includes a 4-bedroom, 2-bathroom front house and a separate 2-bedroom, 1-bathroom unit in the back, both fully occupied by long-term, reliable tenants, ensuring immediate and stable rental income. The property is gated for privacy, offers ample parking, and boasts a prime location near USC, Bank of California Stadium, downtown LA, museums, parks, shopping, dining, and major freeways. With low maintenance costs and significant potential for rental growth in a thriving metropolitan area, this property is ideal for both seasoned investors and first-time buyers seeking a profitable and hassle-free investment.
Highlights
Home typeDuplex
HeatingCentral
StatusActive
Lot size0.1329 Acres
Year built1924
MLS #RS25012405
Summary
- MLS Number: RS25012405
- MLS Name: CRMLS
- Office Name: Circle Real Estate
- Office Phone: (562) 754-0660
- Listing Agent: Mark Perez
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: 3/3/2025, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$699,000
1500 W 50th St
$8,301
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 08, 2014 | Home Sold | $418,000 |
| Feb 14, 2014 | Home Sold | $298,000 |
| Sep 05, 2000 | Home Sold | $164,500 |
| Apr 07, 1995 | Home Sold | $122,000 |
| Dec 07, 1990 | Home Sold | $160,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $579,128 | $7,341 |
| 2023 | $567,773 | $7,207 |
| 2022 | $556,641 | $6,883 |
| 2021 | $545,727 | $6,786 |
| 2020 | $540,132 | $5,729 |
| 2019 | $459,342 | $5,653 |
| 2018 | $450,337 | $5,534 |
| 2017 | $441,508 | $5,534 |
History based on county public records data.
Nearby schools
4
Western Avenue Elementary
Public Magnet KG-5
0.3 mi
•1724 W 53rd St
5
Normandie Avenue Elementary School
Public District PK-5
0.4 mi
•4505 S Raymond Ave
3
Kipp Vida Preparatory Academy
Public Charter KG-4
0.6 mi
•4410 S Budlong Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $25,000. Residents of Los Angeles, CA typically earn less than $<35k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
58%
<35k
39%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
34%
Single, No Kids
29%
Single, with Kids
15%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
11%
12-17 yrs old
26%
18-34 yrs old
37%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Ross Dress For Less
Burlington
Where do the neighbors go to eat?
Little Caesars
Jack In The Box
White Castle
What do the neighbors drive?
Dodge
Nissan
Kia
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
$8,194 Closing Credit¹
#SB24122647, Islina Abdullah, Listing Office: Berkshire Hathaway HSCP
$8,419 Closing Credit¹
#IV24214936, NEVEN SPRALJA, Listing Office: REALHOME SERVICES & SOLUTIONS
$8,609 Closing Credit¹
#OC24187462, Maria Pilar Marin, Listing Office: Keller Williams Coastal Proper
$7,719 Closing Credit¹
#SB24250441, Karen DeMauricio, Listing Office: Realty One Group United
$8,894 Closing Credit¹
#DW24145920, Vilma Flores, Listing Office: Calhomes Realty
$8,905 Closing Credit¹
#PW24227761, Anthony Cotton, Listing Office: AC International Realty Inc.
$9,488 Closing Credit¹
#DW24216671, Brenda Cano, Listing Office: Brenda Cano, Broker
$9,441 Closing Credit¹
#PW25003300, Everett Wong, Listing Office: Greysteel California, Inc.
Backup offers
$9,488 Closing Credit¹
#SR24244800, Enrique Sifuentes, Listing Office: Pinnacle Estate Properties, Inc.
This home is located at 1500 W 50th St in Los Angeles, CA and zip code 90062 in the South LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 21, 2025 and is currently priced at $699,000.
While more than 212 listings in Los Angeles, CA in February 2025 were sold above asking price, there were more than 105 listings sold at asking price, and more than 280 were sold below. The inventory of homes for sale in Los Angeles, CA between January and February 2025 increased by 10.8%. While the average time on the market in February 2025 was 44 days, the median list price was $989,396.
From Rocket Homes Real Estate and based on county public records data.