483 East 49th Street

483 E49th St in the South Park neighborhood of Los Angeles, located between Avalon Blvd & San Pedro St and just north ofthe South Park Recreation Center.The property features two structures, a fourplex made up of two one-bedrooms and two two-bedrooms and a threebedroomADU at the rear of the property that was constructed in 2022; the ADU is currently vacantThere are ten parking spaces; gas and electricity are separately meteredThe property is REO Lender owned and is being offered at a low $165,000 per unit and $200 PSF at the asking priceThe ADU totals 808 SF with an open layout between the kitchen and living rooms; the master bedroom has an ensuitebathroom; features include vinyl plank flooring, new appliances, recessed lighting and new cabinetryUnits within the fourplex are well-maintained with original finishes, but can be further enhanced when unit turnoveroccurs with new flooring, paint, appliances, lighting enhancements and updated kitchens and bathrooms to achievemarket rentsLocated in a dense, infill location of South Los Angeles with an easy commute to Downtown and Vernon; close distance to multiple Metro local lines on Avalon Blvd and 1.4 miles from the Metro A Rail Line