Los Angeles, CA 90037,1050 W 57th ST
See all 10 photos
Los Angeles, CA 90037,1050 W 57th ST
Los Angeles, CA 90037,1050 W 57th ST
Los Angeles, CA 90037,1050 W 57th ST
Los Angeles, CA 90037,1050 W 57th ST

$1,065,000

Est. payment /mo

$1,300,000

18.1%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

1050 W 57th ST Los Angeles, CA 90037

14 Beds

5 Baths

4,476 SqFt

SOLD DATE : 09/18/2024

Key Details

Sold Price $1,065,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,476 sqft

Price per Sqft $237

MLS Listing ID 24394439

Sold Date 09/18/24

Bedrooms 14

HOA Y/N No

Year Built 1931

Lot Size 4,669 Sqft

Property 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 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.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD1.5

Interior

Fireplace No

Exterior

Garage Carport

Total Parking Spaces 4

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5002018004

Special Listing Condition Standard

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit
Mike And Mary Jafarkhani

Mike And Mary Jafarkhani

+1(949) 533-5040

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Casey Lins • Kidder Mathews of California, Inc.
Bought with Casey Lins • Kidder Mathews of California, Inc.

Mike And Mary Jafarkhani

Broker Associate | License ID: 00999447

+1(949) 533-5040

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.