90001 Homes under $800,000

90001 Homes under $800,000

Welcome to the vibrant heart of Los Angeles, California, where the zip code 90001 offers a unique blend of urban energy and community spirit. Nestled within the bustling Los Angeles County, this area is a treasure trove of opportunities for homebuyers seeking affordability without sacrificing the excitement of city living.

In 90001, you’ll find a diverse range of homes, many available for under $800,000. This makes it an attractive option for first-time buyers, young families, and investors looking to tap into the dynamic real estate market of Los Angeles. From charming single-family homes to cozy condos, the housing options here cater to various tastes and lifestyles.

Living in 90001 means being surrounded by a rich tapestry of culture, with easy access to local parks, eateries, and shops that reflect the area’s eclectic character. Residents enjoy the convenience of nearby public transportation, making it easy to explore the wider Los Angeles area, from the iconic downtown to the scenic beaches.

With a strong sense of community and a wealth of amenities at your fingertips, 90001 is more than just a zip code; it’s a place where dreams can take root. Whether you’re looking for a starter home or a smart investment, the affordable housing options in this area provide a fantastic opportunity to become part of the ever-evolving Los Angeles landscape. Embrace the charm of 90001, where your new home awaits!

Newest 90001 Homes under $800,000

5917 Converse, Los Angeles
$650,000
CV26193403 MLS ⋅ Active Status
We are proud to present 5917 Converse Avenue and 1905 E 78th Street — a two-property multifamily portfolio consisting of two separate 4-unit properties located in the Florence-Graham neighborhood of Unincorporated Los Angeles. The properties can be purchase together or individually. 5917 Converse Avenue offers approximately 2,550 SF of rentable living area across two separate structures situated on a generous 8,457 SF lot. The property consists of four 1-bedroom/1-bathroom units, averaging approximately 638 SF per unit. The property is currently generating just over $38,000 in annual rental income, equivalent to approximately $789 per unit per month. An investor familiar with prevailing market rents for comparable units in the surrounding area will recognize a significant opportunity to increase revenue, with the potential to capture more than $1,000 of additional monthly rental income per unit. Upon stabilization, the property offers the potential to achieve an approximately 9.69% CAP Rate and 7.47 GRM. The Florence-Graham neighborhood is a strongly renter-oriented market, with more than 65% of occupied housing units being renter-occupied. Strategically positioned near the I-110, I-105, and I-710 freeways, the portfolio offers convenient access to major employment centers throughout Los Angeles County. Downtown Los Angeles is approximately 6 miles north, providing access to one of the region's largest employment hubs. Tenants also benefit from proximity to the Florence Metro Station, providing rail connectivity to Downtown Los Angeles and Downtown Long Beach. Numerous grocery stores, big-box retailers, neighborhood shops, restaurants, schools, parks, and other daily-needs amenities are located throughout the surrounding area.

5917 Converse, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.