1557 West 52nd Street

Los Angeles, CA 90062

$1,225,000
Price
6
Beds
4
Baths
3,337 Sq. Ft.
$367 / Sq. Ft.
3,337
Sq. Ft.
$367
per Sq. Ft.

Description

We are pleased to offer for sale a six unit apartment community located at 1557 West 52nd Street. The subject property is located just east of Western Avenue on 52nd Street within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization...We are pleased to offer for sale a six unit apartment community located at 1557 West 52nd Street. The subject property is located just east of Western Avenue on 52nd Street within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 6,502 square foot parcel, the property is comprised studios, two-bedroom and four-bedroom units. There is 38% rental upside through interior renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue improvements and achieve superior future returns moving forward makes 1557 W 52nd Street an excellent acquisition opportunity. The Subject Property is being marketed in conjunction with 5 other offerings. Each offering can be purchased individually or together. LA County Assessor Indicates that the Property has a Total of 2Beds/6Baths. Buyer to Verify Unit Configuration.
  1. Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1557 West 52nd Street

Zoning
LAR2
Parcel Number
5003007014
Total Units
6.0
Living Area
3337
Source Living Area
Assessor
Area
Los Angeles Southwest (C34)
Vacancy Rate
0
Lot Size Area
6500

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343
Add your commute
LISTING UPDATED: 04/03/2024 11:53 AM

Property Details for 1557 West 52nd Street

StatusActive
MLS #24-346955
Days on Market106
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1936
Lot Size0.15 AC / 6,500 SF
CountyLos Angeles County

Location

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

Building Information for 1557 West 52nd Street

Stories2Residences-Year Built1936Building Size-Lot Size0.15 AC / 6,500 SF

Payment Calculator

$7,328 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,685

Property Taxes

$643

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1557 West 52nd Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • 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: $113,804
  • Net Operating Income: $75,796.00
  • Gross Income: $117,324
  • Cap Rate: 6.19%
  • Gross Rent Multiplier: $10.44
  • Total Annual Expense: 38008
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1493
  • Lot Size Square Feet: 6500
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 6
Interior Features
Interior Features
  • Levels: Multi/Split, Two
  • Cooling Type: Other
  • Heating Type: Other
  • Flooring: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 01-12-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,234.00
  • Unit Actual Rent: $1,234.00
  • Unit Projected Rent: $1,873.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,300.00
  • Unit Actual Rent: $1,300.00
  • Unit Projected Rent: $1,873.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $1,873.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,873.00
  • Unit Actual Rent: $1,873.00
  • Unit Projected Rent: $1,873.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,343.00
  • Unit Actual Rent: $1,343.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,227.00
  • Unit Actual Rent: $2,227.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $153,039.00
  • Assessed Improvement Percent: 26.99
  • Assessed Land Value: $413,965.00
  • Assessed Land Percent: 73.01
  • Assessed Total Value: $567,004.00

Property History for 1557 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 1557 West 52nd Street

Taxable ValueLand$413,965Additions$153,039Total$567,004
Tax Record2023$7,720 ($643 / month)
Home Facts
Total Finished SqFt3,337 SqFtAbove Grade Finished SqFt3,337 SqFtLot Size6,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1936ZoningLAR2CountyLOS ANGELESAPN5003-007-014

Schools near 1557 West 52nd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 6 to 9
Public - 9 to 12
Rating
School
Distance
Normandie Avenue Elementary School
PublicK to 5

Western Avenue Technology Magnet
PublicK to 8

Barack Obama Global Preparation Academy
Public6 to 9

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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1557 West 52nd Street is a multi-family home for sale in Los Angeles, CA 90062. This property was listed for sale on January 12, 2024 by Marcus & Millichap, it's currently listed at $1,225,000. It has been on the market for a total of 106 days and was last sold on January 23, 2003. This listing's school district is Los Angeles Unified School District. Nearby schools include Normandie Avenue Elementary School, Western Avenue Technology Magnet and Barack Obama Global Preparation Academy. 1557 West 52nd Street is a 6-bed, 4-bath, 3,337 sqft multi-family home built in 1936.

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.