30 W. 49th Street is a 12-unit property located in North Bixby Knolls. The controlled-access building features mostly two-bedroom units (11 of the 12) and a parking ratio of one space per unit. On-site laundry facilities and an in-place RUBS program provide current income. New windows have been installed throughout the building. The property is situated in a quiet, residential neighborhood, conveniently accessible to the metro line running along Long Beach Boulevard to Downtown, as well as major commuter thoroughfares. The combination of urban amenities and suburban lifestyle has attracted developers such as City Ventures, which is pre-selling solar-powered townhomes in the low $600Ks across the street. This property provides a light value-add opportunity to achieve approximately 10% rental upside potential by simply installing vinyl plank flooring and modern fixtures.
Listing Agent: Robert Stepp 01456379 Courtesy of: Keller Williams - Santa Monica "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. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 12th August, 2022 4:37 PM (UTC)
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