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1457 W 52nd St 1457 W 52nd St 4 Unit Apartment Building $1,039,000 ($259,750/Unit) 5.59% Cap Rate Los Angeles, CA 90062
INVESTMENT HIGHLIGHTS
- The property sits on a spacious lot just under 6,000 SF and comprises of (4) 1 Bed-1 Bath units, with one unit delivered vacant
- Conveniently located in South Los Angeles, the property is surrounded by restaurants, shopping centers, and major metropolitan hubs
- Property has a new roof installed in 2018, all copper plumbing and up to date electric breakers
- It offers a going-in cap rate of 5.59% and approximately 19% in rental upside
- With one unit delivered Vacant at Close, this is an ideal opportunity for an owner/user
EXECUTIVE SUMMARY
1457 W 52nd Street is a 4-unit multifamily with one unit delivered VACANT at close of escrow. The property consists of two side-by-side duplexes on one lot with on-site parking, located in the heart of the Vermont Square neighborhood. One unit will be delivered tenant ready at close, creating immediate upside for lease-up or an ideal opportunity for an owner-user. Each unit is a fully renovated 1-Bed/1-Bath, offering modern finishes and updated systems. With a current cap rate of 5.59% and a 12.63 GRM, this asset offers a compelling blend of strong in-place cash flow and long-term value-add potential. Operating expenses are minimal, with tenants paying for trash, gas, and electricity, while the landlord is only responsible for water. Ideally located near USC, Downtown LA, and major transit corridors, this is a rare opportunity to acquire a stabilized, income-generating asset with both near-term upside and long-term appreciation potential.
PROPERTY FACTS
| Price | $1,039,000 | Property Subtype | Apartment |
| Price Per Unit | $259,750 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.59% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 12.63 | Building Size | 2,130 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1925 |
| Zoning | R2 - restricted Density Multiple Dwelling | ||
| Price | $1,039,000 |
| Price Per Unit | $259,750 |
| Sale Type | Investment |
| Cap Rate | 5.59% |
| Gross Rent Multiplier | 12.63 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,130 SF |
| No. Stories | 1 |
| Year Built | 1925 |
| Zoning | R2 - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 5003-008-017 | Improvements Assessment | $91,470 |
| Land Assessment | $390,429 | Total Assessment | $481,899 |
PROPERTY TAXES
Parcel Number
5003-008-017
Land Assessment
$390,429
Improvements Assessment
$91,470
Total Assessment
$481,899
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1457 W 52nd St | 1457 W 52nd St
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