612 West 57th Street
$825,000
5
4
3,148
3,148
$262
Sold 11/5/24
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
Property Details for 612 West 57th Street
Zoning
LAR2
StyleSpanish
Cross StreetsWest of the 110 Fwy & 1 block north of Slauson Ave
Parcel Number5001017002
Total Units4.0
Living Area3148
Source Living AreaVendor Enhanced
AreaDowntown L.A. (C42)
LISTING UPDATED: 11/05/2024 12:51 PM
Property Details for 612 West 57th Street
Status | Sold |
---|---|
MLS # | 24-413019 |
Days on Market | 56 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1929 |
Lot Size | 0.13 AC / 5,541 SF |
County | Los 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
Property History for 612 West 57th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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