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1144 57th Street
Los Angeles, CA 90037
Sold
1144 W 57th St is a renovated 4-Plex comprised of all 2- Bed/1-Bath Units and delivered with 3 tenant ready units. Plans for an additional 2-Bed/2-Bath ADU will be delivered RTI at the close of escrow. This 4+1 unit building is located in a rapidly growing submarket of Los Angeles with plenty of value for an investor or owner/user looking to increase the value. The subject property is located in the 90037 zip code and currently priced at a 5.81% cap rate! After the addition of the ADU, the subject property will operate at a 7.03% cap rate, including conservative construction costs. With three units currently renovated and tenant ready, this asset will immediately cash flow and is fit for any investor looking for stable income and the opportunity to add value through the process of ADUs. Located in the 90037 Zip code, the subject property is steps from the new recreational development at 5800 Figueroa, as well as new apartment developments in the subpocket.
PROPERTY INFORMATION
| MLS # | SB23035150 | Lot Size | 4,558 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 1,195,000
Price Per SqFt: $ 372 |
DOM | 795 Days |
| Address | 1144 57th Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 3,216 Sq. Ft. |
| Postal Code | 90037 | Garage | N/A |
| County | Los Angeles | Year Built | 1940 |
| Bed / Bath | 10 / 0 | Parking | N/A |
| Built In | 1940 | Status | Closed |
| Sold Date | 2023-06-06 |
INTERIOR FEATURES
| Has Laundry | No |
| Laundry Information | None |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
Walk Score: 75 (Very Walkable)
Transit Score: 64 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,275
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/06/2023 | Sold | $1,157,500 |
| 04/12/2023 | Active Under Contract | $1,195,000 |
| 03/02/2023 | Listed | $1,195,000 |
Topfind Realty
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Listing provided courtesy of Aaron Jacobson, Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
