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Image 1 - 612 W 57th St, Los Angeles, California, 90037 - House for sale
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W Th St, Los Angeles, Home For Sale
612 W 57th St, Los Angeles, California, 90037

W Th St, Los Angeles, Home For Sale

house for sale
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Listed: 07/11/24

612 W 57th St, Los Angeles, California, 90037

5 Bed:
4 Bath:
3,148 Sq Ft Living Area:
Save
Price
$ 850,000

About This House

612 West 57th St. is a Spanish-style fourplex located 2 miles south of The LAColiseum and BMO Stadium. The property is also in close proximity to South LA thoroughfares including Slauson Ave, Figueroa St, S. Hoover St, and the 110 Fwy. This significant value-add opportunity is offered at$212, 500per unit, $270 per foot, and and12.31 GRMon current rents. 612 W.57th presents approx. 41% rental upside. At projected market rents, the property will stabilize at a 8.39% CAP and8.74 GRM.Built in 1929, this two-story Spanish-style property consists of (1) 2-bdrm. units and (3) 1-bdrm. units that sit on a5, 541 SFlot. Please note, 1 of the 1-bdrm. units isVACANT.Property amenities include 6 surface parking spaces.

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Wildasin Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.