Los Angeles, CA 90037,612 W 57th ST
Los Angeles, CA 90037,612 W 57th ST
Los Angeles, CA 90037,612 W 57th ST
8
$825,000
$850,000
2.9%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

5 BD
4 BA
3,148 SqFt

612 W 57th ST Los Angeles, CA 90037

Est. payment /mo
SOLD DATE : 11/05/2024

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $825,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,148 sqft

Price per Sqft $262

MLS Listing ID 24413019

Sold Date 11/05/24

Bedrooms 5

Construction Status Fixer

HOA Y/N No

Year Built 1929

Lot Size 5,540 Sqft

Property Description

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. ***

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR2

Interior

Fireplace No

Laundry None

Exterior

Parking Features Side By Side, Uncovered

Community Features Gated

View Y/N No

View None

Total Parking Spaces 6

Building

Faces North

Story 2

Entry Level Two

Architectural Style Spanish

Level or Stories Two

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 5001017002

Security Features Gated Community

Special Listing Condition Standard

Read Less


California Regional MLS (CRMLS)
Listed by Kenny Stevens • Compass
Bought with Daisy Gonzalez • Eskina Real Estate

GET MORE INFORMATION

Valencia Marlowe

Agent | License ID: 01498425

+1(310) 780-0461

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.