237 W 50th · Los Angeles, CA 90037

$699,000

12 bd · 2.0 ba · 1,419 sqft · MultiFamily public records · 91 Days on market

Built 1908 5,442 sqft lot $493/sqft · 45% above area Est $687k · at est.

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.3/30.0
• DSCR +8.3/10.0
• ARV discount +6.7/15.0
• 1% rule +6.5/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

Great investment opportunity. Triplex in a great location centrally located close to Expo line, LAFC, USC, museums transportation and much more. Front units are 1 bedroom 1 bathroom. Back unit is detached 2-bedroom 1 bath with its own yard craftsman bungalow style. Great rental income. Do not miss this great opportunity to own a great income producing investment. Showings will be on Saturday 4th from 10:30 to 12:30 pm.

Key facts

• Own yard
• Triplex
• Rental income

Tags

• TRIPLEX
• DETACHED UNIT
• CRAFTSMAN BUNGALOW STYLE
• RENTAL INCOME
• OWN YARD

What this means for you Summary

Snapshot

• This is a 3 × 4-bed/2.0-bath units multifamily listed at $699k.

Deal economics

• At list price, monthly cash flow is $2k ($19k/yr) — positive. Per door: $528/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($8k rent vs $699k).
• Recommended offer: $636k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 2.1% in Los Angeles — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#273 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment B; Watch: health & safety C-, schools D+, crime F.
• Los Angeles Unified (urban): math 29% / reading 54% proficiency, ranked #223 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+1.7%/yr); 104 active listings in the ZIP; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
• At $8,011/mo this rent would consume 167% of the median local household income ($58k/yr) (locally 4200% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $21k of value loss. Plan a longer hold.
• Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($636k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 9y ago; this cycle's ask has dropped $51k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1908 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $636,090 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1908 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.15% ✓
• Cap rate: 9.01%
• Cash-on-cash: 9.71%
• DSCR: 1.43
• GRM: 7.3

CMA / ARV

• ARV (median comp): $686,668
• List price: $699,000
• Delta: 1.80%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.69% rent growth · sell at horizon

5-year hold

• IRR: -3.1%
• Equity multiple: 0.88×
• Total profit: $-22,733
• Equity at exit: $104,223

10-year hold

• IRR: 5.1%
• Equity multiple: 1.35×
• Total profit: $68,734
• Equity at exit: $60,437

Cash invested: $195,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City Los Angeles: 0 Strongly Tenant-Friendly · D+22

LARSO + JCEO 2023; relocation for substantial remodel evictions.

Methodology + full state rankings →

ZIP-level market 90037

• Rents YoY: 1.7%
• Active inventory: 104
• Price-to-rent: 21.8×

Monthly cashflow live

• Estimated rent: $8,011 medium
• Mortgage (P&I): −$3,666
• Tax from tax record: −$788 /mo · $9,453/yr
• Insurance: −$291
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,682
• Net cashflow: $1,584

Break-even live

Break-even rent $6,006

Max offer price $699,000

Occupancy floor 75%

Sensitivity live

Price	-10% $1,980	-5% $1,782	+0% $1,584	+5% $1,386	+10% $1,188
Rent	-10% $951	-5% $1,268	+0% $1,584	+5% $1,901	+10% $2,217
Rate	-1.0pp $1,936	-0.5pp $1,762	base $1,584	+0.5pp $1,403	+1.0pp $1,219

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	4	2	$8,010
Total (3 units)			$8,011

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $174,750
• Closing costs: $20,970
• Reserves months: —
• Total cash needed: —

Listing history 38 events

1. 2026-06-21
   days on market $699,000 Active 91 DOM
2. 2026-06-18
   days on market $699,000 Active 88 DOM
3. 2026-06-17
   days on market $699,000 Active 87 DOM
4. 2026-06-16
   days on market $699,000 Active 86 DOM
5. 2026-06-15
   days on market $699,000 Active 85 DOM
6. 2026-06-13
   days on market $699,000 Active 83 DOM
7. 2026-06-09
   days on market $699,000 Active 79 DOM
8. 2026-06-08
   days on market $699,000 Active 78 DOM
9. 2026-06-07
   days on market $699,000 Active 77 DOM
10. 2026-06-04
    days on market $699,000 Active 74 DOM
11. 2026-06-03
    days on market $699,000 Active 73 DOM
12. 2026-06-02
    days on market $699,000 Active 72 DOM
13. 2026-06-01
    days on market $699,000 Active 71 DOM
14. 2026-05-31
    days on market $699,000 Active 70 DOM
15. 2026-04-14
    price $699,000 422-char remark

    Show marketing remark (422 chars)

    Great investment opportunity. Triplex in a great location centrally located close to Expo line, LAFC, USC, museums transportation and much more. Front units are 1 bedroom 1 bathroom. Back unit is detached 2-bedroom 1 bath with its own yard craftsman bungalow style. Great rental income. Do not miss this great opportunity to own a great income producing investment. Showings will be on Saturday 4th from 10:30 to 12:30 pm.

16. 2026-03-22
    listed $749,900 Active 422-char remark

    Show marketing remark (422 chars)

    Great investment opportunity. Triplex in a great location centrally located close to Expo line, LAFC, USC, museums transportation and much more. Front units are 1 bedroom 1 bathroom. Back unit is detached 2-bedroom 1 bath with its own yard craftsman bungalow style. Great rental income. Do not miss this great opportunity to own a great income producing investment. Showings will be on Saturday 4th from 10:30 to 12:30 pm.

17. 2023-06-26
    soldstatus $730,000
18. 2020-01-22
    soldstatus $605,000 Sold 793-char remark

    Show marketing remark (793 chars)

    Market rents - make this a great investment - potential for a 7 cap. All units have been recently updated, move-in condition and will be delivered vacant at close of escrow. The exterior was recently painted, newer windows throughout, low maintenance front yard and large grassy yard in back. Two separate structures . The front building is two units with newer flooring, updated kitchens and bathrooms, craftsman built ins throughout, both have laundry hook-ups inside. The back building is a detached craftsman bungalow with newer flooring, updated kitchen and bathroom, craftsman built ins, and laundry hook-ups. There is a large grassy back yard with plenty of space to add on. . Near Expo line, LAFC, USC, Museums, transportation and more. Easy to schedule showings, serious buyers only.

19. 2020-01-22
    soldstatus $605,000

    Show marketing remark (793 chars)

    Market rents - make this a great investment - potential for a 7 cap. All units have been recently updated, move-in condition and will be delivered vacant at close of escrow. The exterior was recently painted, newer windows throughout, low maintenance front yard and large grassy yard in back. Two separate structures . The front building is two units with newer flooring, updated kitchens and bathrooms, craftsman built ins throughout, both have laundry hook-ups inside. The back building is a detached craftsman bungalow with newer flooring, updated kitchen and bathroom, craftsman built ins, and laundry hook-ups. There is a large grassy back yard with plenty of space to add on. . Near Expo line, LAFC, USC, Museums, transportation and more. Easy to schedule showings, serious buyers only.

20. 2019-11-09
    historical
21. 2019-08-04
    historical Backup Offers Accepted 793-char remark

    Show marketing remark (793 chars)

    Market rents - make this a great investment - potential for a 7 cap. All units have been recently updated, move-in condition and will be delivered vacant at close of escrow. The exterior was recently painted, newer windows throughout, low maintenance front yard and large grassy yard in back. Two separate structures . The front building is two units with newer flooring, updated kitchens and bathrooms, craftsman built ins throughout, both have laundry hook-ups inside. The back building is a detached craftsman bungalow with newer flooring, updated kitchen and bathroom, craftsman built ins, and laundry hook-ups. There is a large grassy back yard with plenty of space to add on. . Near Expo line, LAFC, USC, Museums, transportation and more. Easy to schedule showings, serious buyers only.

22. 2019-07-15
    price $585,000 793-char remark

    Show marketing remark (793 chars)

    Market rents - make this a great investment - potential for a 7 cap. All units have been recently updated, move-in condition and will be delivered vacant at close of escrow. The exterior was recently painted, newer windows throughout, low maintenance front yard and large grassy yard in back. Two separate structures . The front building is two units with newer flooring, updated kitchens and bathrooms, craftsman built ins throughout, both have laundry hook-ups inside. The back building is a detached craftsman bungalow with newer flooring, updated kitchen and bathroom, craftsman built ins, and laundry hook-ups. There is a large grassy back yard with plenty of space to add on. . Near Expo line, LAFC, USC, Museums, transportation and more. Easy to schedule showings, serious buyers only.

23. 2019-06-03
    price $700,000 793-char remark

    Show marketing remark (793 chars)

    Market rents - make this a great investment - potential for a 7 cap. All units have been recently updated, move-in condition and will be delivered vacant at close of escrow. The exterior was recently painted, newer windows throughout, low maintenance front yard and large grassy yard in back. Two separate structures . The front building is two units with newer flooring, updated kitchens and bathrooms, craftsman built ins throughout, both have laundry hook-ups inside. The back building is a detached craftsman bungalow with newer flooring, updated kitchen and bathroom, craftsman built ins, and laundry hook-ups. There is a large grassy back yard with plenty of space to add on. . Near Expo line, LAFC, USC, Museums, transportation and more. Easy to schedule showings, serious buyers only.

24. 2019-05-06
    listed $635,000 Active 793-char remark

    Show marketing remark (793 chars)

    Market rents - make this a great investment - potential for a 7 cap. All units have been recently updated, move-in condition and will be delivered vacant at close of escrow. The exterior was recently painted, newer windows throughout, low maintenance front yard and large grassy yard in back. Two separate structures . The front building is two units with newer flooring, updated kitchens and bathrooms, craftsman built ins throughout, both have laundry hook-ups inside. The back building is a detached craftsman bungalow with newer flooring, updated kitchen and bathroom, craftsman built ins, and laundry hook-ups. There is a large grassy back yard with plenty of space to add on. . Near Expo line, LAFC, USC, Museums, transportation and more. Easy to schedule showings, serious buyers only.

25. 2019-05-06
    listed $585,000

    Show marketing remark (793 chars)

    Market rents - make this a great investment - potential for a 7 cap. All units have been recently updated, move-in condition and will be delivered vacant at close of escrow. The exterior was recently painted, newer windows throughout, low maintenance front yard and large grassy yard in back. Two separate structures . The front building is two units with newer flooring, updated kitchens and bathrooms, craftsman built ins throughout, both have laundry hook-ups inside. The back building is a detached craftsman bungalow with newer flooring, updated kitchen and bathroom, craftsman built ins, and laundry hook-ups. There is a large grassy back yard with plenty of space to add on. . Near Expo line, LAFC, USC, Museums, transportation and more. Easy to schedule showings, serious buyers only.

26. 2018-03-09
    status Pending
27. 2018-03-08
    historical Cancelled
28. 2018-03-08
    historical
29. 2018-01-31
    status Active
30. 2018-01-31
    price
31. 2017-04-27
    status Pending
32. 2017-03-21
    price
33. 2017-02-27
    status Active
34. 2017-02-17
    historical Hold
35. 2017-02-09
    listed Active
36. 2017-02-08
    listed $479,000
37. 2016-11-28
    soldstatus $280,000
38. 2016-04-22
    soldstatus $265,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $9,453 · $788/mo
• Projected year-2 tax: $9,453 · $788/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥88°F today · 22 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $96,132
• − Mortgage interest: −$39,155
• − Property taxes: −$9,453
• − Insurance: −$3,495
• − Repairs & maintenance: −$7,691
• − Management: −$7,691
• − Depreciation: −$20,335
• Taxable income: $8,314
• Est. tax owed @ 24.0%: −$1,995
• After-tax cash flow: $17,014/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Los Angeles Unified
• NCES district ID: 0622710
• Math proficiency: 29% ▼ -4.00%
• Reading proficiency: 54% ▲ 10.00%
• Median HH income: $50,403
• Composite: 35.67/100
• National rank: #4875
• State rank: #223 of 517 in CA

Livability — Los Angeles

• Score: 68/100
• State rank: #273
• US rank: #9237

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment B Housing B- Health & safety C- User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Los Angeles, CA
• County: Los Angeles County · 9,444,647 people
• City population: 3,838,149
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 65,482
• Household income: $57,622
• Rent vs Own: 77.3% rent · 22.7% own
• Severe rent burden: 4200.0

Population outlook (Los Angeles County) Hauer SSP2

• Today (2025): 10,940,515 people
• By 2030: 11,256,481 · +2.9%
• By 2040: 11,729,929 · +7.2%
• By 2050: 11,948,407 · +9.2%
• By 2075: 11,818,114 · +8.0%
• By 2100: 10,842,928 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (80%)
• Race & ethnicity: Hispanic / Latino 80% Two or more races 15% Black 15% Native American 3% White 2% Asian 1%
• Hispanic origin (detail): Mexican 43%
• Common ancestry: British 1%
• Foreign-born: 44% · Canada, South Korea
• Languages at home: 23% English-only · Spanish 74% Korean 1% French/Haitian/Cajun 1%

Political lean MEDSL · Los Angeles

• 2024 margin: Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
• 2008→2024 swing: -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
• All cycles: 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -639.09%
• Current HPI: 467.0371
• Rent YoY: ▲ 1.69%
• Metro: Los Angeles-Long Beach-Anaheim, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+163.8% since first listed

24 events — show timeline

• 2026-04-14 Price Changed $699,000 CRMLS
• 2026-03-22 Listed $749,900 CRMLS
• 2023-06-26 Sold (Public Records) $730,000 Public Records
• 2020-01-22 Sold (Public Records) $605,000 Public Records
• 2020-01-22 Sold (MLS) $605,000 TheMLS
• 2019-11-09 Listing Removed — SDMLS
• 2019-08-04 Contingent — TheMLS
• 2019-07-15 Price Changed $585,000 TheMLS
• 2019-06-03 Price Changed $700,000 TheMLS
• 2019-05-06 Listed $585,000 SDMLS
• 2019-05-06 Listed $635,000 TheMLS
• 2018-03-09 Pending — TheMLS
• 2018-03-08 Listing Removed — SDMLS
• 2018-03-08 Delisted — TheMLS
• 2018-01-31 Relisted — TheMLS
• 2018-01-31 Price Changed — TheMLS
• 2017-04-27 Pending — TheMLS
• 2017-03-21 Price Changed — TheMLS
• 2017-02-27 Relisted — TheMLS
• 2017-02-17 Delisted — TheMLS
• 2017-02-09 Listed — TheMLS
• 2017-02-08 Listed $479,000 SDMLS
• 2016-11-28 Sold (Public Records) $280,000 Public Records
• 2016-04-22 Sold (Public Records) $265,000 Public Records

Property tax history

+17.6%/yr

Latest (2025): $9,453 · +1.2% YoY. Source: county tax records.