$1,065,000
$1,300,000
18.1%For more information regarding the value of a property, please contact us for a free consultation.
1050 W 57th ST Los Angeles, CA 90037
14 Beds
5 Baths
4,476 SqFt
Key Details
Sold Price $1,065,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,476 sqft
Price per Sqft $237
MLS Listing ID 24394439
Sold Date 09/18/24
Bedrooms 14
HOA Y/N No
Year Built 1931
Lot Size 4,669 Sqft
Property Description
We are pleased to present 1050 W 57th St, a 5-unit Spanish-style apartment community located in the heart of Los Angeles. Operating at a 6.37% CAP and 10.11 GRM on current rents, with potential upsides to a 10.78% CAP and 6.81 GRM on pro-forma rents, the building provides a buyer with the ability to achieve a high cash-flow! The building consists of 1 two-bedroom unit and 4 three-bedroom units, along with four 1-car garages in the rear accessible by alley. With classic 1930's Spanish-style architecture throughout, the building provides a sense of character and desirability from the tenant community, which can be seen in the high rental amounts currently in the building and neighborhood. Contact the listing broker for additional information.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD1.5
Interior
Fireplace No
Exterior
Garage Carport
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5002018004
Special Listing Condition Standard
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Bought with Casey Lins • Kidder Mathews of California, Inc.