Description
INVESTMENT OPPORTUNITY IN LOS ANGELES! Welcome to 1366 E 57th St, a five-unit income-producing property offering immediate rental income and exciting value-add potential. Three units are currently tenant-occupied, providing an established income stream, while the remaining units offer additional possibilities for an investor. 2 units will be delivered VACANT! The property also has city approval to construct a sixth unit, creating an opportunity to increase the unit count and future income potential. Conveniently located near Downtown Los Angeles, major freeways, public transportation, shopping, schools, and employment centers. (BUYERS AND AGENTS TO VERIFY) Ideal for investors looking to expand their portfolio and capitalize on long-term rental demand and potential upside. Existing tenants will remain with the sale. Bring your investors-seller is motivated, all terms are negotiable, and ready to work out a deal! Buyer and buyer's agent are strongly encouraged to independently verify all information, including unit count, permits, city approvals, square footage, rents, zoning, condition, development feasibility, and intended use with the appropriate professionals and government agencies. Property is sold as-is.
Details
| MLS # | DW26186815 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1924 |
| Days On Site | 77 |
| Listing Provided By | HomeSmart Realty Group | Luis Grimaldo |
Features
| SQ Feet | 5 |
|---|---|
| Story(s) | 1 |
| Units | 5 |
| Building(s) | 5 |
| Acreage | 0.25 |
Exterior
| Lot Features | Two To Five Units Acre, Garden, Lawn, Paved |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90011 |
| Area | 699 Not Defined |
| Listing VS Median (in 90011) | |
Price: $999,000 low | high Med: $795,000 sqft: 5 low | high Med: 3,124 $ / sqft: $199,800 low | high Med: $254 On site: 77 low | high Med: 8 | |
Market Activity 90011
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90011 |
| Area | 699 Not Defined |
| Listing VS Median (in 90011) | |
Price: $999,000 low | high Med: $795,000 sqft: 5 low | high Med: 3,124 $ / sqft: $199,800 low | high Med: $254 On site: 77 low | high Med: 8 | |