1050 57th Street
1050 57th Street
$1,300,000
14
5
4,476
4,476
$290
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.
- Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
Property Details for 1050 57th Street
Zoning
LARD1.5
Parcel Number5002018004
Total Units5.0
Living Area4476
Source Living AreaVendor Enhanced
AreaLos Angeles Southwest (C34)
Vacancy Rate0
Lot Size Area4670
Location
LISTING UPDATED: 06/04/2024 09:43 AM
Property Details for 1050 57th Street
Status | Active |
---|---|
MLS # | 24-394439 |
Days on Market | 26 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1931 |
Lot Size | 0.11 AC / 4,670 SF |
County | Los Angeles County |
Location
Building Information for 1050 57th Street
Stories2Residences-Year Built1931Building Size-Lot Size0.11 AC / 4,670 SF
Payment Calculator
$7,850 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1050 57th Street
Property History for 1050 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 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 |
---|---|---|
ICEF Lou Dantzler Preparatory Academy Charter CharterK to 8 | ||
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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