1557 W 52nd Street Los Angeles, CA $ 1,225,000
1557 W 52nd Street
$ 1,225,000
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1557 W 52nd Street

Los Angeles, CA, 90062
$ 1,225,000
Bedrooms6 Baths4.0 Sq 3,337

Monthly Estimate*

$ 8,557

Listed by Marcus & Millichap
1557 W 52nd Street, Los Angeles, CA 90062 - Image 1
1557 W 52nd Street, Los Angeles, CA 90062 - Image 2
1557 W 52nd Street, Los Angeles, CA 90062 - Image 3

Multi-Family Home for sale in Los Angeles, CA

for $1,225,000 with 6 bedrooms and 4 full baths. This 3,337 square foot home was built in 1936 on a lot size of 0.1492.

We are pleased to offer for sale a six unit apartment community located at 1557 West 52nd Street. The subject property is located just east of Western Avenue on 52nd Street within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 6,502 square foot parcel, the property is comprised studios, two-bedroom and four-bedroom units. There is 38% rental upside through interior renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue improvements and achieve superior future returns moving forward makes 1557 W 52nd Street an excellent acquisition opportunity. *The Subject Property is being marketed in conjunction with 5 other offerings. Each offering can be purchased individually or together. LA County Assessor Indicates that the Property has a Total of 2Beds/6Baths. Buyer to Verify Unit Configuration.

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Multi-Family Active

Price

$ 1,225,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1492

Year Built

1936

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24346955

Days on Market

106

Features
General
Zoning LAR2
Year Built 1936
Stories 2
Levels Two MultiSplit
Gross Income 117324.0
County Los Angeles
Net Operating Income 75796.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions East of Western Avenue & North of 52nd Street
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 6
MLS Area C34 - Los Angeles Southwest
Lot Size Square Feet 6500.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 52nd
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 82
Standard Status Active
Year Built Source Assessor
Cap Rate 6.19
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Exterior
Total Parking 6.0
Lot Size Area 6500.0
Number of Buildings 3
Spa N
Building Area Total 3337.0
Lot Size Acres 0.1492
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
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Street
Total Bedrooms 6
Electric On Property Y/N N
Total Baths 4
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Internal Only
Street Number 1 1557
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* Excluded Features
List By
Marcus & Millichap

Broker

(213) 943-1897

Phone

Affordability Calculator

$8,557
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,557
Monthly Property Taxes
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Monthly Home Insurance
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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
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/3/2024$1,225,000 -2.00% Price Down
1/12/2024$1,250,000 Listed Price

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1557 W 52nd Street, Los Angeles, CA, 90062 is a Multi-Family Home for sale at $1,225,000 with 3,337 sqft and a lot size of 0.1492. 1557 W 52nd Street has 6 bedrooms, 4.0 baths, and was built in 1936. The property's zip code is 90062 which is in Los Angeles, CA