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1640 E 49th St
1640 E 49th St, Los Angeles, CA 90011
1640 E 49th St, Los Angeles, CA 90011
1640 E 49th Street is a 4-unit value add apartment building located in South Los Angeles, CA. The building is fully occupied and has an excellent unit mix of(3) 2 Bed, 1 Bath units and (1) 3 Bed, 1 Bath unit. The property also includes ample surface parking with room for 4-5 cars and access from Morgan Avenue and 49thStreet. The property is currently operating with approximately 85% in rental upside, allowing for significant value to be added for the next owner. South Los Angeles has seen steady growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Huntington Park, Vernon, and Orange County. Rents in South LA have grown significantly over the past two years with average 2 bedroom market rents reaching $2,250, a nearly 20% increase from2020. With low vacancy rates, landlord favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.
4
beds
4
baths
3,068 Sq.Ft. LIVING AREA
4,600 Sq.Ft. lot
The Evans Investment Group is a commercial real estate investment sales team specializing in the Los Angeles and Ventura County markets. Led by Brandon Evans, the team provides strategic advisory services, identifies strong investment opportunities, and helps clients navigate complex transactions to achieve their long-term investment goals. With nearly a decade of industry experience and a proven track record of success, the team is committed to delivering results and building lasting client relationships.