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$805,000
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Property Description
***One of units may be delivered vacant. Seller inteds to update second unit at no cost to buyer.*** E 49th Street presents an exceptional turnkey triplex opportunity in a centrally located pocket near Downtown Los Angeles, ideal for both investors and owner-occupants. The third unit was built completely ground-up within the last year, offering modern construction, updated systems, and long-term peace of mind. The front and middle units have been tastefully remodeled with contemporary finishes and functional layouts leaving a bit of room for some cosmetic updates, creating a clean, well-maintained property where you won't need to lift a finger on repairs. The property produces strong, reliable rental income, including a few long-term tenants that provide stability and consistent cash flow from day one. The location offers outstanding accessibility and convenience, situated just minutes from Downtown LA, the thriving Arts District, USC, LA Live, Crypto.com Arena, BMO Stadium, Exposition Park, and the Fashion District. The surrounding area continues to experience growth driven by nearby employment hubs along the Alameda Corridor, as well as expanding dining, coffee, brewery, entertainment, and creative business spaces throughout the Arts District. With easy access to the 10, 110, 5, and 101 freeways, commuting throughout Los Angeles is seamless, making this a highly desirable rental location. This is a rare opportunity to acquire a low-maintenance, income-producing asset in a high-demand market with strong long-term upside.
Full Property Details
Full Property Details for 687 E 49th
General
- Sold For: $805,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SR26031868
- Added to Site: 149 day(s) ago
Interior
- Fireplace(s): None
Rooms
Other Rooms
- Laundry: Washer Hookup, Outside
Additional Information
- Pool Description: None
Parking
- Parking Features: Gated, Paved
- Parking: Gated, Paved
Location
- Area: C42 - Downtown L.A.
- County: Los Angeles
- Development Name: C42 - Downtown L.A.
- Driving Directions: Avalon & Vernon
Heating & Cooling
- Cooling Type: Heat Pump, Ductless
Utilities
- Water: Public
- # Water Meters: 1
- # Gas Meters: 3
- # Electric Meters: 3
Structural Information
- Entry Location: 1
- Square Feet: 3,000
- Year Built: 1910
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.1515
- Lot Size Source: Estimated
- Lot Description: 2-5 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $283
- Price Per Unit: 283000
Listed and Sold by RE/MAX One, Collin Johnson
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Schools
Schools serving 687 E 49th
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Forty-Ninth Street Elementary School 750 East 49th Street, Los Angeles, CA 90011 | K-5 | 0.1 mi |
George Washington Carver Middle School 4410 McKinley Avenue, Los Angeles, CA 90011 | 7-8 | 0.3 mi |
Social Justice Schools: Fine Arts Academy At Dr. Maya Angelou Community High 300 East 53rd Street, Los Angeles, CA 90011 | 9-12 | 0.4 mi |
Thomas Jefferson Senior High School 1319 East 41st Street, Los Angeles, CA 90011 | 9-12 | 1 mi |
Nava College Preparatory Academy 1319 East 41st Street, Los Angeles, CA 90011 | 9-12 | 1 mi |
Santee Education Complex 1921 S. Maple Ave., Los Angeles, CA 90011 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 687 E 49th
Date
Details
Price
Change
Source
6/02/2026
Sold
$805,000
-5.18%
MLS
2/12/2026
Listed
$849,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
687 E 49th, Los Angeles, CA 90011 (MLS# SR26031868) is a Multi-Family property that was sold at $805,000 on June 02, 2026. Want to learn more about 687 E 49th? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.

