612 57th Street, Los Angeles

$850,000

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3

Beds

2

Baths

3,148

Square feet

0.13

Acres

About 612 57th Street

612 West 57th St. is a Spanish-style fourplex located 2 miles south of The LAColiseum 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 $212,500 per unit, $270 per foot, and and 12.31 GRM on current rents. 612 W. 57th presents approx. 41% rental upside. At projected market rents, the property will stabilize at a 8.39% 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, 1 of the 1-bdrm. units is VACANT. Property amenities include 6 surface parking spaces.

Features of 612 57th Street

MLS® # 24413019
Price $850,000
Bedrooms 3
Bathrooms 2.00
Square Footage 3,148
Acres 0.13
Year Built 1929
Type Residential Income
Style Spanish
Status Active

Community Information

Address 612 57th Street
Area C42 - Downtown L.A.
City Los Angeles
County Los Angeles
Zip Code 90037

Amenities

Parking Spaces 6
Parking Side By Side, Uncovered
Garages Side By Side, Uncovered
View None
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No
# of Stories 2
Stories Two

Additional Information

Date Listed July 9th, 2024
Days on Market 5
Zoning LAR2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentKenny Stevens
OfficeCompass

Listing Map

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