1050 57th Street

Los Angeles, CA 90037

$1,300,000
Price
14
Beds
5
Baths
4,476 Sq. Ft.
$290 / Sq. Ft.
4,476
Sq. Ft.
$290
per Sq. Ft.

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...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.
  1. Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 1050 57th Street

Zoning
LARD1.5
Parcel Number
5002018004
Total Units
5.0
Living Area
4476
Source Living Area
Vendor Enhanced
Area
Los Angeles Southwest (C34)
Vacancy Rate
0
Lot Size Area
4670

Location

Listing Courtesy of Kidder Mathews of California, Inc., Casey Lins, DRE #01902650
Add your commute
LISTING UPDATED: 06/04/2024 09:43 AM

Property Details for 1050 57th Street

StatusActive
MLS #24-394439
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1931
Lot Size0.11 AC / 4,670 SF
CountyLos Angeles County

Location

Listing Courtesy of Kidder Mathews of California, Inc., Casey Lins, DRE #01902650
Add your commute

Building Information for 1050 57th Street

Stories2Residences-Year Built1931Building Size-Lot Size0.11 AC / 4,670 SF

Payment Calculator

$7,850 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,095

Property Taxes

$755

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1050 57th Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
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: $124,704
  • Net Operating Income: $82,781.00
  • Gross Income: $128,561
  • Cap Rate: 6.37%
  • Gross Rent Multiplier: $10.11
  • Total Annual Expense: 41923
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1072
  • Lot Size Square Feet: 4670
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 4
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-21-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $717.00
  • Unit Actual Rent: $717.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,226.00
  • Unit Actual Rent: $2,226.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,124.00
  • Unit Actual Rent: $2,124.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,447.00
  • Unit Actual Rent: $2,447.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,200.00
  • Unit Actual Rent: $3,200.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $218,727.00
  • Assessed Improvement Percent: 32.26
  • Assessed Land Value: $459,329.00
  • Assessed Land Percent: 67.74
  • Assessed Total Value: $678,056.00

Property History for 1050 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 1050 57th Street

Taxable ValueLand$459,329Additions$218,727Total$678,056
Tax Record2023$9,059 ($755 / month)
Home Facts
Total Finished SqFt4,476 SqFtAbove Grade Finished SqFt4,476 SqFtLot Size4,724 SqFtStyleMulti-Family Res (5+ Units)Year Built1931ZoningLARD1.5CountyLOS ANGELESAPN5002-018-004

Schools near 1050 57th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
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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1050 57th Street is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on May 20, 2024 by Kidder Mathews of California, Inc., it's currently listed at $1,300,000. It has been on the market for a total of 26 days and was last sold on November 2, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include ICEF Lou Dantzler Preparatory Academy Charter, John Muir Middle School and Augustus F. Hawkins High A Critical Design And Gaming. 1050 57th Street is a 14-bed, 5-bath, 4,476 sqft multi-family home built in 1931.

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 Kidder Mathews of California, Inc., Casey Lins, DRE #01902650

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.