840 West 52nd Street

Los Angeles, CA 90037

$1,250,000
Price
15
Beds
6
Baths
5,195 Sq. Ft.
$241 / Sq. Ft.
5,195
Sq. Ft.
$241
per Sq. Ft.

Description

We are pleased to offer for sale a five-unit apartment community located at 840 West 52nd Street. The subject property is located north of Slauson Avenue and west of Hoover Street. This property is being sold as part of a 5 building, 79-unit portfolio that is available individually or any combination as a portfolio purchase. South Los Angeles is located south of Downtown Los Angeles. The subject property is located less than two miles from the University of Southern California and less than six miles...We are pleased to offer for sale a five-unit apartment community located at 840 West 52nd Street. The subject property is located north of Slauson Avenue and west of Hoover Street. This property is being sold as part of a 5 building, 79-unit portfolio that is available individually or any combination as a portfolio purchase. South Los Angeles is located south of Downtown Los Angeles. The subject property is located less than two miles from the University of Southern California and less than six miles from Downtown Los Angles. Situated on a 6,802 square foot parcel, the property is comprised entirely of three-bedroom units. The property has 58% remaining rental upside through unit renovations along with on-site parking for every unit. The proximity to major employers and freeway access for residents, along with the value-add potential for a new owner to continue improvements and achieve superior market rents moving forward, make 840 West 52nd Street an excellent acquisition opportunity.
  1. Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 840 West 52nd Street

Zoning
LAR2
Parcel Number
5001003010
Total Units
5.0
Living Area
5195
Source Living Area
Assessor
Area
Los Angeles Southwest (C34)
Vacancy Rate
0
Lot Size Area
6800

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343
Add your commute
LISTING UPDATED: 05/14/2024 12:01 AM

Property Details for 840 West 52nd Street

StatusActive
MLS #24-388361
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.16 AC / 6,800 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343
Add your commute

Building Information for 840 West 52nd Street

Stories2Residences-Year Built1965Building Size-Lot Size0.16 AC / 6,800 SF

Payment Calculator

$8,262 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,822

Property Taxes

$1,440

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 840 West 52nd Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $111,933
  • Net Operating Income: $66,852.00
  • Gross Income: $115,394
  • Cap Rate: 5.35%
  • Gross Rent Multiplier: $10.83
  • Total Annual Expense: 45081
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1562
  • Lot Size Square Feet: 6800
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 6
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two, Multi/Split
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-06-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,634.00
  • Unit Actual Rent: $1,634.00
  • Unit Projected Rent: $3,150.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,750.00
  • Unit Actual Rent: $2,750.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,682.00
  • Unit Actual Rent: $1,682.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,648.00
  • Unit Actual Rent: $1,648.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,902.00
  • Unit Actual Rent: $1,902.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $816,000.00
  • Assessed Improvement Percent: 60.38
  • Assessed Land Value: $535,500.00
  • Assessed Land Percent: 39.62
  • Assessed Total Value: $1,351,500.00

Property History for 840 West 52nd 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 840 West 52nd Street

Taxable ValueLand$535,500Additions$816,000Total$1,351,500
Tax Record2023$17,278 ($1,440 / month)
Home Facts
Total Finished SqFt5,195 SqFtAbove Grade Finished SqFt5,195 SqFtLot Size6,800 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningLAR2CountyLOS ANGELESAPN5001-003-010

Schools near 840 West 52nd 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
Charter - K to 5
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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840 West 52nd Street is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on May 6, 2024 by Marcus & Millichap, it's currently listed at $1,250,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Fifty-Second Street Elementary School, John Muir Middle School and Augustus F. Hawkins High A Critical Design And Gaming. 840 West 52nd Street is a 15-bed, 6-bath, 5,195 sqft multi-family home built in 1965.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

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.