612 W 57th St, Los Angeles, CA 90037

$850,000
5
BD
4
BA
3,148
SqFt
List Price
$850,000
MLS#
24-413019
Year Built
1929
Bedrooms
5
Bathrooms
4
Living Sq. Ft
3,148
Lot Size
5,541
Days on Market
7
Property Type
Multifamily
Style
Spanish
Stories
2

Property Description

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.

Additional Information

Other Buildings
None
Heat
Other
Cooling
Other
View
None
Number of Cars in Garage
Side By Side, Uncovered

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Compass, Kenny Stevens - CA DRE#01090251

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