612 W 57th St

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 including 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. ***

This home located at 612 W 57th St is currently active and has been available on pardeeproperties.com for 35 days. This property is listed at $850,000. It has 5 beds and 4 bathrooms. The property was built in 1929. 612 W 57th St is in the Downtown L.A. community of Los Angeles County.

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