• Asking Price $850,000
  • Estimated Value: $897,002

  • 612 W 57TH ST LOS ANGELES, CA 90037

  • 5 Beds 4 Baths 3,148 SqFt
  • Multi-family (5 or more units) / Resale (MLS)
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Property Details for 612 W 57TH ST, LOS ANGELES, CA 90037

Features

  • Price/sqft: $270
  • Lot Size: 5541.00 sq. ft.
  • Total Units: 4
  • Total Rooms: 5
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • Stories: 200
  • Roof Type: Roll Composition
  • Heating: Yes
  • Construction Type: Wood
  • Exterior Walls: Stucco

Facts

  • Year Built: 01/01/1929
  • Property ID: 898621864
  • MLS Number: 24-413019
  • Parcel Number: 5001-017-002
  • Property Type: Multi-family (5 or more units)
  • County: LOS ANGELES
  • Listing Status: Active

Pre-Foreclosure Info

  • Recording Date: 12/06/2010
  • Recording Year: 2010

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 612 West 57th St. is a 50% VACANT Spanish-style fourplex located 2 miles south of the LA Coliseum and BMO Stadium. The property is also in close proximity to South LA thoroughfares including Slauson Ave, Figueroa St, S. Hoover St, and the 110 Fwy. This significant value-add opportunity is offered at 5.79% CAP and 11.33 GRM on current rents, $212,500 per unit, and $270 per foot. 612 W. 57th presents approx. 30% rental upside. At projected market rents, the property will stabilize at a 8.33% CAP and 8.74 GRM. Built in 1929, this two-story Spanish-style property consists of (1) 2-bdrm. units and (3) 1-bdrm. units that sit on a 5,541 SF lot. Please note, there is a VACANT 2-bdrm. unit and a VACANT 1-bdrm. unit. Property amenities include 6 surface parking spaces. *** Please contact LA2 for more information. ***

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Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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