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612 57th Street
Los Angeles, CA 90037
Sold
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. ***
PROPERTY INFORMATION
| MLS # | 24413019 | Lot Size | 5,541 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 850,000
Price Per SqFt: $ 270 |
DOM | 371 Days |
| Address | 612 57th Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 3,148 Sq. Ft. |
| Postal Code | 90037 | Garage | N/A |
| County | Los Angeles | Year Built | 1929 |
| Bed / Bath | 5 / 0 | Parking | 6 |
| Built In | 1929 | Status | Closed |
| Sold Date | 2024-11-05 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | None |
| Has Appliances | Yes |
| SecuritySafety | Gated Community |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $907
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 07/09/2024 | Listed | $850,000 |
Topfind Realty
REALTOR®
(844)-333-8033
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Listing provided courtesy of Kenny Stevens, Compass. 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.
