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612 W 57th St
Los Angeles, CA 90037
50% Vacant 4plex w/ 5.79% CAP & 11.33 GRM · Multifamily Property For Sale
·
4 Units
Investment Highlights
- 50% VACANT Spanish-style fourplex located 2 miles south of The LA Coliseum and BMO Stadium - 1 block northwest of Figueroa St. & Slauson.
- Significant value-add opportunity with approx. 30% rental upside. At projected market rents, the property will stabilize at a 8.33% CAP and 8.74 GRM.
- Property amenities include 6 surface parking spaces.
- Offered at $212,500 per unit, $270 per foot, and 5.79% CAP & 11.33 GRM on current rents.
- 2-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 are 2 VACANT units.
- Please contact Boris Alemngor for more information at Boris@KennyStevensTeam.com or call (323) 868-5957.
Property Facts
| No. Units | 4 | Building Size | 3,148 SF |
| Property Type | Multifamily | Average Occupancy | 50% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1929 |
| Building Class | C | Parking Ratio | 1.9/1,000 SF |
| Lot Size | 0.13 AC | ||
| Zoning | LAR2 - Neighborhood Commercial | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,148 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1929 |
| Parking Ratio | 1.9/1,000 SF |
| Zoning | LAR2 - Neighborhood Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,400 | - |
| 1+1 | 3 | $1,358 | - |
Property Taxes
| Parcel Number | 5001-017-002 | Improvements Assessment | $200,000 |
| Land Assessment | $625,000 | Total Assessment | $825,000 |
Property Taxes
Parcel Number
5001-017-002
Land Assessment
$625,000
Improvements Assessment
$200,000
Total Assessment
$825,000
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