Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

5

Building size

5 sqft

Lot size

10,796 sqft

Year built

1924

Stories

1

Garage spaces

0

Pool

None

Status

Active

Days on market

1

MLS #

246396701

About this property

INVESTMENT OPPORTUNITY IN LOS ANGELES! Welcome to 1366 E 57th St, a five-unit income-producing property offering immediate rental income and exciting value-add potential. Three units are currently tenant-occupied, providing an established income stream, while the remaining units offer additional possibilities for an investor. 2 units will be delivered VACANT! The property also has city approval to construct a sixth unit, creating an opportunity to increase the unit count and future income potential. Conveniently located near Downtown Los Angeles, major freeways, public transportation, shopping, schools, and employment centers. (BUYERS AND AGENTS TO VERIFY) Ideal for investors looking to expand their portfolio and capitalize on long-term rental demand and potential upside. Existing tenants will remain with the sale. Bring your investors—seller is motivated, all terms are negotiable, and ready to work out a deal! Buyer and buyer’s agent are strongly encouraged to independently verify all information, including unit count, permits, city approvals, square footage, rents, zoning, condition, development feasibility, and intended use with the appropriate professionals and government agencies. Property is sold as-is.

Location

1366 E 57th

Los Angeles, Los Angeles, CA, 90011