1366 E 57th, Los Angeles, CA 90011
- $999,000
- List Price
- $999,000
- Status
- ACTIVE
- MLS#
- DW26186815
- Year Built
- 1924
- Lot Size
- 10,796
- Acres
- 0.25
- Lot Location
- 2-5 Units/Acre, Garden, Lawn, Paved
- Days on Market
- 88
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
Property Description
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. 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. 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.
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Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $4,070
Listing courtesy of Listing Agent: Luis Grimaldo (realtorluisgrimaldo@gmail.com) from Listing Office: HomeSmart Realty Group.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.