1144 57th Street
1144 57th Street
Closed 6/6/23
Closed 6/6/23
Description
Bed/1-Bath Units and delivered with 3 tenant ready units. Plans
for an additional 2-Bed/2-Bath ADU will be delivered
RTI at the close of escrow. This 4+1 unit building is
located in a rapidly growing submarket of Los Angeles
with plenty of value for an investor or owner/user
looking to increase the value. The subject property is
located in the 90037 zip code and currently priced at a
5.81% cap rate! After the addition of the ADU, the
subject property...1144 W 57th St is a renovated 4-Plex comprised of all 2-
Bed/1-Bath Units and delivered with 3 tenant ready units. Plans
for an additional 2-Bed/2-Bath ADU will be delivered
RTI at the close of escrow. This 4+1 unit building is
located in a rapidly growing submarket of Los Angeles
with plenty of value for an investor or owner/user
looking to increase the value. The subject property is
located in the 90037 zip code and currently priced at a
5.81% cap rate! After the addition of the ADU, the
subject property will operate at a 7.03% cap rate,
including conservative construction costs. With three units currently renovated and
tenant ready, this asset will immediately cash flow and
is fit for any investor looking for stable income and the
opportunity to add value through the process of ADUs. Located in the 90037 Zip code, the subject property
is steps from the new recreational development at
5800 Figueroa, as well as new apartment
developments in the subpocket.
- Listed by Aaron Jacobson • DRE #02100737 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-729-1559
- Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 1144 57th Street
Location
Sold By Lyon Stahl Investment Real Estate, Inc., Larson Harley, DRE #02045736
Property Details for 1144 57th Street
| Status | Closed |
|---|---|
| MLS # | SB23035150 |
| Days on Market | 40 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1940 |
| Lot Size | 0.10 AC / 4,558 SF |
| County | Los Angeles County |
Location
Sold By Lyon Stahl Investment Real Estate, Inc., Larson Harley, DRE #02045736
Building Information for 1144 57th Street
Payment Calculator
$7,031 per month
30 year fixed, 7.25% Interest
$6,317
$714
$0
Property Information for 1144 57th Street
- Gross Income: $95,940
- Gross Scheduled Income: $95,940
- Vacancy Allowance Rate: 3
- Gross Operating Income: $93,062
- Net Operating Income: $69,475
- Gross Multiplier: 12.46
- Cap Rate: 5.81
- Financing: Conventional
- Operating Expense: $23,587
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $23,587
- Tax Tract Number: 1234
- Tax Census Tract: 2326.02
- CFD/Mello-Roos Fee: $0
- Tax Lot: 150
- Community Features: Biking, Curbs, Golf, Urban
- Laundry: No
- Laundry Features: None
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 0-1 Unit/Acre
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,110
- Unit Type Total Rent: $1,110
- Unit Type Pro Forma: 2295
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $2,295
- Unit Type Pro Forma: 2295
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $2,295
- Unit Type Pro Forma: 2295
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $2,295
- Unit Type Pro Forma: 2295
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 2395
- Unit Type Type: 5
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 1
Property History for 1144 57th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1144 57th Street
Schools near 1144 57th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Vintage Math/Science/Technology Magnet School PublicK to 5 | ||
John Muir Middle School Public6 to 8 | ||
South Shores/Csudh Visual And Performing Arts PublicK to 5 |
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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Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson, DRE #02100737; Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763
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.