1300 W 57th Street Los Angeles, CA ^$ 925,000

1300 W 57th Street

^$ 925,000

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1300 W 57th Street

Los Angeles, CA, 90037

^$ 925,000

Studio Baths0.0 Sq 3,585

Monthly Estimate*

^$ 6,461

Listed by Pinnacle Estate Properties, Inc.

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Studio

Commercial Property for sale in Los Angeles, CA

for $925,000. This 3,585 square foot building was built in 1938 on a lot size of 0.2274.

This is an exciting investment opportunity in South Los Angeles! Don't miss this remarkable 5-unit income property with immense potential for savvy investors. This property boasts a mix of four 1-bedroom,1-bathroom units and one 2-bedroom. 1-bathroom unit, perfectly designed for rental income. Each unit is equipped with its own washer and dryer hookup, providing convenience, and added value for the tenants. There is ample parking with one single car garage, and two 2-car garages ensuring sufficient parking for all residents. While the property may require some renovations and upgrades this presents a fantastic chance for investors to add value and maximize returns. Priced competitively and poised for transformation, this property represents an exceptional opportunity in the thriving South Los Angeles real estate market. Here's your chance to turn this diamond in the rough into a lucrative investment.

Commercial Active

Price

^$ 925,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

MultiFamily

Lot Size

0.2274

Year Built

1938

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SR24046498

Days on Market

Features

Exterior

Lot Features Lawn Landscaped Yard

Water Source Public

Total Parking 5.0

Lot Size Area 9904.0

Spa N

Building Area Total 3585.0

Lot Size Acres 0.2274

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

General

Year Built 1938

Property SubType MultiFamily

Business Type RealEstate

County Los Angeles

Insurance Expense 9684.0

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Trust

Status Active

Directions On 57th Street between Normandie and Budlong

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 5

MLS Area C34 - Los Angeles Southwest

Lot Size Square Feet 9904.0

Private Pool N

Waterfront Y/N N

Carport Spaces 5.0

Carport Y/N Y

Street Name 57th

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Water Sewer Expense 4752.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://www.wellcomemat.com/mls/55n6dae331001lipk https://www.wellcomemat.com/video/55n6dae331001lipk/W-57th/

Days on Market 50

Building Area Units SquareFeet

Standard Status Active

Occupancy Description Owner

Property Sub Type Additional MultiFamily

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Laundry Features WasherHookup ElectricDryerHookup GasDryerHookup

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1300

* Excluded Features

List By

Pinnacle Estate Properties, Inc.

Broker

(661) 705-3200

Phone

Affordability Calculator

$6,461

Per Month

Monthly Principal & Interest: $6,461
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,194,282

Percent of Sale Price 137%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/27/2024	$925,000	-5.85%	Price Down
3/7/2024	$982,500		Listed Price

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1300 W 57th Street, Los Angeles, CA, 90037 is a Commercial Property for sale at $925,000 with 3,585 sqft and a lot size of 0.2274. 1300 W 57th Street is a studio with 0.0 baths and was built in 1938. The property's zip code is 90037 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/28/2024. 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.

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1300 W 57th Street

Commercial Property for sale in Los Angeles, CA

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