612 West 57th Street

Los Angeles, CA 90037

$825,000
Last Sold Price
5
Beds
4
Baths
3,148 Sq. Ft.
$262 / Sq. Ft.
3,148
Sq. Ft.
$262
per Sq. Ft.

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...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. ***

Listing Agents

  1. Kenny Stevens Team

    Kenny Stevens Team

    Listing Agent

    Compass

    DRE #01090251

  2. Kenny Stevens

    Kenny Stevens

    Listing Agent

    Compass

    DRE #01090251

    kenny.stevens@compass.com

    P: (310)-968-7005

  3. Boris Almengor

    Boris Almengor

    Alternative Listing Agent

    Compass

    DRE #02092597

Property Details for 612 West 57th Street

Zoning
LAR2
Style
Spanish
Cross Streets
West of the 110 Fwy & 1 block north of Slauson Ave
Parcel Number
5001017002
Total Units
4.0
Living Area
3148
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
LISTING UPDATED: 11/05/2024 12:51 PM

Property Details for 612 West 57th Street

StatusSold
MLS #24-413019
Days on Market56
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.13 AC / 5,541 SF
CountyLos Angeles County

Building Information for 612 West 57th Street

Stories2Residences-Year Built1929Building Size-Lot Size0.13 AC / 5,541 SF

Property Information for 612 West 57th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
  • Direction Faces: North
  • Property Condition: Fixer
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $73,148
  • Net Operating Income: $49,199.00
  • Gross Income: $75,024
  • Cap Rate: 5.79%
  • Gross Rent Multiplier: $11.33
  • Financial Info as Of: 07/22/2024
  • Total Annual Expense: 23950
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Size Square Feet: 5541
Parking Details
Parking Details
  • Parking Garage: Side By Side, Uncovered
  • Total Parking: 6
  • Open Other Spaces Total: 6
  • Parking Features: Side by Side, Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Flooring: Other
  • Equipment: Other
  • Common Walls: Attached
  • Laundry: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-09-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,284.00
  • Unit Actual Rent: $3,852.00
  • Unit Projected Rent: $5,700.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 612 West 57th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 612 West 57th Street

Taxable ValueLand$270,608Additions$408,565Total$679,173
Tax Record2024$8,639 ($720 / month)
Home Facts
Total Finished SqFt3,148 SqFtAbove Grade Finished SqFt3,148 SqFtLot Size5,541 SqFtStyleQuadraplexYear Built1929ZoningLAR2CountyLOS ANGELESAPN5001-017-002

Schools near 612 West 57th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Fifty-Second Street Elementary School
PublicK to 5

John Muir Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251; Compass, Boris Almengor, DRE #02092597

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.