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$1,580,000

For Sale - Active
865 N Avenue 50, Los Angeles, CA 90042
7 Beds
3 Baths
4,701 Square Feet
0.17 Acres Lot
Built in 1922
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: May 20, 2025 at 07:12AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$3,789
Cap Rate
3.4%
Cash-on-Cash Return
-12.5%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-8.1%

Property Description


0.17 Acres Lot
Built in 1922
For Sale - Active
Units n/a

Located in the heart of Highland Park, one of Los Angeles' most eclectic and sought-after neighborhoods, this expansive residence offers 4,701 SqFt of living space on a generous 7,453 SqFt lot. Rich in character and brimming with potential, the property presents a unique opportunity for homeowners, investors, or developers seeking a spacious single-family home, multi-generational layout, or income-producing asset. Originally built with timeless charm, the home is ready for your vision - whether that means restoring its classic beauty or reimagining it with modern updates. With ample square footage, flexible living areas, and a prime location between Pasadena and Glendale, it's a true contractor special with endless potential. Enjoy life just minutes from York Boulevard's buzzing cafes, art galleries, and boutiques, as well as local gems like Highland Park Bowl, Arroyo Seco Park, and Occidental College. The area also offers access to top-rated schools like Franklin High and Buchanan Street Elementary. Highland Park is known for its creative spirit, strong community vibe, and cultural richness, all with convenient access to Downtown LA and major freeways. Don't miss the chance to own a distinctive home in one of LA's most desirable neighborhoods.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 7

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • Basement Description: Crawl Space

Exterior Features

  • Foundation: Slab

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 5477020029
  • Lot Size: 7455 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1922

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: None

Location

  • County: Los Angeles

Listing Details


Listed by:
Danny Mok
Intero Real Estate Services
(408) 464-8938

Source:
bridgeMLS
MLS#: ML82003906
bridgeMLS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$3,789
Cap Rate
3.4%
Cash-on-Cash Return
-12.5%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-8.1%

Purchase Details

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Purchase price:
$1,580,000
Amount financed:
-$1,264,000
Down payment:
$316,000
Closing costs:
$47,400
Rehab costs:
$0
Initial cash invested:
$363,400
Square feet:
4,701
Cost per square foot:
$336
Monthly rent per square foot:
$1.38

Financing Details

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Loan amount:
$1,264,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$8,274
Property tax:
$0
Insurance:
$455
Private mortgage insurance (PMI):
$0
Monthly payment:
$8,729

Operating Income

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% Rent Monthly Yearly
Gross rent:
$6,500 $78,000
Vacancy loss: (6%)
6% -$390 -$4,680
Operating income:
$6,110 $73,320

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$455-$5,460
Property management: (8%)
8%-$520-$6,240
Repairs & maintenance: (5%)
5%-$325-$3,900
Capital expenditures: (5%)
5%-$325-$3,900
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$1,625-$19,500

Cash Flow


Monthly Yearly
Net operating income:
$4,485 $53,820
Mortgage payments:
-$8,274 -$99,288
Cash flow:
$3,789 $45,468