Investment Overview

Built in 1929, 540 West 49th Street includes a streamlined unit mix of ten (10) one-bedroom / one-bathroom units. This rare, bungalow-style asset features a large center courtyard with easily maintained landscaping. This property offers great local amenities nearby including Exposition Park, The Coliseum, BMO Stadium, and The Natural History Museum. Along with these wonderful amenities South LA is one of the highest submarkets for annual rent growth according to CoStar. The property is also located in a position with very easy access to the -110, and -10 freeways offering great transportation options to several major employment hubs. The subject property is positioned in a solid South Los Angeles location, south of W Vermont Avenue, west of S Figueroa Street. South LA is a large region of Los Angeles made up of the neighborhoods south of Downtown L.A. This area is multi-culturally and economically diverse and offers residents a dense suburban feel in a historic market of Los Angeles. Residents can take advantage of the area’s many food and entertainment spaces within walking distance of the subject properties. The more noteworthy news for the area is the great revitalization plan for South L.A. For the first time in decades, major development projects are underway in South L.A. Most prominently, an incredible state of the art NFL stadium just opened in Inglewood-- and it will be surrounded by a planned community made up of thousands of new homes. But the development wave doesn’t stop there. New restaurants, grocery stores, and shops are in the pipeline for neighborhoods from West Adams to Watts. The county and Metro are teaming up to find a developer to build 492 residential units, a grocery store, theater, and locally-owned restaurants located at 3606 West Exposition Boulevard. The Lucas Museum of Narrative Art, South L.A. Wetlands Park, Hollywood Park, Clipper’s Arena, and Magic Johnson Park are some more examples of developments currently underway. Situated in a solid South LA location, this offering presents an excellent opportunity for any investor to capitalize on attractive assumable loans to acquire up to two (2) properties right across the street from each other.