127 W 50th Street

Description

We are pleased to present a two (2) unit apartment building located in Los Angeles, California. The subject properties is in a solid South Los Angeles location, south of E Vernon Avenue and west of S Main Street. Built in 1930, this property contains a streamlined unit mix of one (1) detached one-bedroom / one-bathroom unit and one (1) detached two-bedroom / one-bathroom unit. The front house is oversized, approximately 1,200 SF (Buyer to verify). The gated and secure driveway leads to an open patio which ample space for fully parked on-site parking. There is an opportunity to build multiple ADU units in the back of the house. Tenants will appreciate living in a laid-back residential corridor adjacent to Downtown, only a short drive from USC campus. Outdoor recreation is available just down the street at the South Park Recreation Center. The subject property is adjacent to numerous new construction projects. 5752 S Main Street is proposed to feature 53-units, 5501-5513 S Main Street is under construction for 57-units, and 5000 S Main Street (a few doors down from the subject property) completed the construction of 59-units in 2016. Situated in a solid South Los Angeles location, this offering presents an excellent opportunity for any investor to capitalize on adding value and capturing great upside potential in a strong rental market adjacent to USC.