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$995,000
Listing Price8beds
4baths
3,245sqft
5,071sqft lot
649 N Cummings St, Los Angeles, CA 90033
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
TREMENDOUS UPSIDE! This well-maintained triplex offers a rare opportunity for significant rental growth in the rapidly evolving Boyle Heights market. The property features approximately 3,245 sq ft of building area on a 5,071 sq ft corner lot, providing excellent ingress and egress for parking. The front building consists of two units a 3-bedroom, 1-bath and a 2-bedroom, 1-bath while the detached rear unit offers 3 bedrooms and 2 bathrooms and was fully remodeled approximately 4 years ago. This versatile unit mix is highly desirable for maximizing rental income and attracting long-term tenants. Tenants share the driveway for parking and are responsible for maintaining the parking area. Tenants also pay all utilities, keeping landlord expenses minimal and limited to property taxes and insurance. With low operating costs and strong income potential, this property is an efficient, income-producing investment. Located in a quiet residential neighborhood, the property offers a unique blend of suburban comfort with close proximity to ongoing development and appreciation throughout Boyle Heights. BONUS OPPORTUNITY: Back unit will be moving out in June. It will be delivered vacant for owner occupying the unit. It is also a great opportunity to raise the income to market value. The adjacent property at 645 N Cummings is also available for sale, presenting a rare chance to acquire multiple income properties in a prime location. Additional details available upon request.
Interior Details
3245
8
4
Has Heating:
Yes
Heating Type:
Yes
Has Cooling:
Yes
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
5071
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Triplex
N/A
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$1,010
$23,284
$23,730
--%
$47,014
2019
$1,010
$22,828
$23,265
--%
$46,093
2018
$908
$22,381
$22,809
--%
$45,190
2017
$893
$21,943
$22,362
--%
$44,305
2016
$833
$21,513
$21,924
--%
$43,437
2014
$850
$20,775
$21,172
--%
$41,947
2013
$850
$20,682
$21,077
--%
$41,759
2012
$860
$20,277
$20,664
--%
$40,941
Average Home Price in 90033
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In August 2024, LA’s pre-foreclosures plummeted 50% from July and 60% from last year, suggesting better economic conditions or successful homeowner interventions. Similar trends in San Jose, while SF and SD remain stable. Sacramento shows significant improvement. LA’s efforts stand out. #HousingMarket #LosAngeles




