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$850000   Price Analysis
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612 W 57th St
Los Angeles, CA 90037
5 bed 4 bath 3148 SqFt ($270/SqFt)
5541SqFt lot. Built 1929
Listed 2024-07-09, Taxes $8100		Ⓧ USDA Ineligible
due to price & location
near Los Angeles

612 West 57th St.

Is a 50% VACANT Spanish-style fourplex located 2 miles south of the LA Coliseum and BMO Stadium. The property is also in close proximity to South LA thoroughfares includng Slauson Ave, Figueroa St, S. Hoover St and the 110 Fwy. This significant value-add opportunity is offered at 5.79% CAP and 11.33 GRM on current rents, $212, 500 per unit and $270 per foot.

612 W. 57th presents approx. 30% rental upside. At projected market rents, the property will stabilize at a 8.33% CAP and 8.74 GRM. Built in 1929, this two-story Spanish-style property consists of (1) 2-bdrm. units and (3) 1-bdrm. units that sit on a 5, 541 SF lot. Please note, there is a VACANT 2-bdrm. unit and a VACANT 1-bdrm. unit. Property amenities include 6 surface parking spaces. Please contact LA2 for more information.


Presented by Kenny Stevens at
COMPASS.


Property MLS #24-413019 from TheMLSCLAW

Bedrooms: 5

Total Bathrooms: 4
Full Bathrooms: 4

Lot Size Acres: 0.1272039
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 5541

Garage Description: Side By Side, Uncovered
Parking Total: 6

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 4
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2400, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 5700

Source Listing Status: Active
County: Los Angeles
Cross Street: West of the 110 Fwy & 1 block north of Slauson Ave
Cap Rate: 5.79
Directions: Located one block northwest of Figueroa St. and Slauson Ave, 612 W. 57th is 2 miles south of BMO Stadium and the LA Coliseum.
Source Property Type: Residential Income
Area: Downtown L.A.
Source Neighborhood: Downtown L.A.
Parcel Number: 5001-017-002
Postal Code Plus 4: 4024
Zoning: LAR2
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2022$392700 + $260100
$652800		$8100
2021$222063 + $333095
$555158		$6989
2020$219787 + $329680
$549467		$7056
2019$215478 + $323216
$538694		$6787
2018$211253 + $316879
$528132		$6696
2017$207111 + $310666
$517777		$6557
2016$203050 + $304575
$507625		$6383
2015$200000 + $300000
$500000		$6718
2014$76847 + $179310
$256157		$3486
2013$76500 + $178500
$255000		$3481
2012$75000 + $175000
$250000		$3526
2010$165000 + $225000
$390000		$5338
2009$120686 + $499392
$620078		$7938
2009$165000 + $225000
$390000		$7938
2008$118320 + $489600
$607920		$7604
2007$116000 + $480000
$596000		$7351

Listed 2024-07-09
$850000
TheMLSCLAW
Sold 2021-04-12
$640000
Public Record
Listing removed 2014-09-30
$500000
CRMLS
Sold 2014-08-05
$425000
Public Record
Listing removed 2014-08-02
$425000
CRMLS
Listing removed 2014-08-01
$425000
CRMLS
Listed 2014-07-31
$425000
CRMLS
Relisted 2014-07-16
$425000
CRMLS
Listing removed 2014-07-15
$425000
CRMLS
Relisted 2014-07-05
$500000
CRMLS
Listed 2014-07-02
$425000
CRMLS
Listing removed 2014-06-11
$500000
CRMLS
Price Changed 2014-04-30
$500000
CRMLS
Listed 2014-04-07
$550000
CRMLS
Sold 2011-08-26
$250000
ITECH
Relisted 2011-07-25
$229900
CRISNET
Listing removed 2011-07-22
$229900
CRISNET
Listing removed 2011-07-13
$260000
TheMLSCLAW
Listed 2011-07-08
$229900
ITECH
Listed 2011-07-08
$229900
CRISNET
Listing removed 2011-07-06
$260000
ITECH
Listing removed 2011-03-03
$260000
TheMLSCLAW
Relisted 2011-03-03
$260000
TheMLSCLAW
Relisted 2010-10-18
$260000
TheMLSCLAW
Listing removed 2010-05-06
$260000
TheMLSCLAW
Listing removed 2010-03-27
$260000
TheMLSCLAW
Listing removed 2010-03-20
$299000
ITECH
Listing removed 2010-02-10
$260000
SoCalMLS
Price Changed 2010-02-09
$260000
SoCalMLS
Listed 2009-12-03
$299000
TheMLSCLAW
Listing removed 2009-12-03
$299000
TheMLSCLAW
Listed 2009-11-25
$299000
TheMLSCLAW
Listed 2009-11-20
$260000
ITECH
Listed 2009-11-20
$260000
TheMLSCLAW
Listed 2009-11-20
$299000
SoCalMLS
Listed 2009-10-20
$299000
ITECH
Sold 2006-10-30
$596000
ITECH
Listed 2006-07-11
$545000
ITECH
Listed 2006-06-22
$589000
ITECH
Listed 2006-06-08
$589000
ITECH
Listing removed 2004-08-26
$425000
ITECH
Sold 2004-08-18
$397272
Public Record
Listing removed 2004-05-18
$425000
ITECH
Listed 2004-05-17
$425000
ITECH
Listed 2004-05-12
$425000
ITECH
Sold 2003-03-05
$265000
ITECH
Listed 2002-11-15
$256000
ITECH
Sold 1992-07-31
$160000
Public Record
Sold 1988-01-22
$150000
Public Record
Sold 1985-09-13
$130000
Public Record

Net Operating Income: 49199

Total Square Feet Living: 3148
Year Built: 1929
Common Walls: Attached
Direction Faces: North
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 95
Property Condition: Fixer
Levels or Stories: 2
Building Total Stories: 2
House Style: Spanish
Year Built Source: Vendor Enhanced
Architectural Style: Spanish

Security Features: Gated

Augustus F. Hawkins High A Critical Design And Gaming is a public high school located approximately 0.4 miles away.
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Fifty-Second Street Elementary School is a public elementary school located approximately 0.4 miles away.
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John Muir Middle School is a public middle school located approximately 0.5 miles away.
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Famli Circle School is a private elementary and middle school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.