1033 W 57th St, Los Angeles, CA 90037
Los Angeles, CA$649,000
Property Description
INVESTMENT HIGHLIGHTS
- Huge 1,996 SF Duplex situated on a 5,168 SF Lot
- Potential to add one or two ADUs (Buyer to Verify)
- Both units have in-unit laundry hookups, wall A/C and small patios
- Priced at only $348/Sq. Ft! Well under the area averages
- Ideal unit mix of (1) 2-Bed/1-Bath and (1) 1-Bed/1-Bath units!
- Great fit for any first-time home buyer or investor with an easy barrier to entry
EXECUTIVE SUMMARY
1031 W 57th St is a fantastic investment opportunity for any buyer looking to invest in South Los Angeles. Located in the 90037 zip code, 1031 W 57th consists of (1) 2-Bed/1-Bath, (1) 1-Bed/1-Bath and a large 2 Car Garage perfect for an ADU. A true value add opportunity with over 50% in rental upside!
This large 1,996 square foot building is situated on a 5,168 square foot lot zoned LA RD2. At one of the lowest price points for an income property, the subject is the best way to enter the real estate market and grow your portfolio! Priced at only $348/Sq. Ft, this building is one of the best $/Sq. Ft you’ll see in this neighborhood.
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.
This large 1,996 square foot building is situated on a 5,168 square foot lot zoned LA RD2. At one of the lowest price points for an income property, the subject is the best way to enter the real estate market and grow your portfolio! Priced at only $348/Sq. Ft, this building is one of the best $/Sq. Ft you’ll see in this neighborhood.
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.
Property Features
- Sale Price: $649,000
- Area Size: 1,996 Sq. Ft.
- Land Area: 5,168 Sq. Ft.
- Year Built: 1925
- Listing Date: 2/9/2023
- Units: 2
