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1031 W 57Th St, Los Angeles, CA 90037
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1031 W 57Th St Los Angeles, CA 90037

$501,000 Sold Price as of 07/12/2022
  • 3 Beds
  • 2 Baths
  • 1,996 Sq.Ft.
Sold
$501,000 Sold Price as of 07/12/2022 Refinance Your Mortgage
Map preview of 1031 W 57Th St, Los Angeles, CA 90037

Property Overview: 1031 W 57Th St Los Angeles, CA has 3 bedrooms, 2 bathrooms, 1,996 living square feet and 5,168 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great investment opportunity! Probate with no court confirmation required. Priced to sell! Property is a duplex with a 2BR/1BA and a 1BR/1BA. Seller states the property is already generating $2k/month in income revenue. Located just minutes from downtown, USC, shopping, public transportation, and So Fi stadium.

Listed by Immanuel Hamilton | BRE #02094799 | Keller Williams Beach Cities
Last checked: 5 minutes ago | Last updated: February 8th, 2024 | Source CRMLS | DOM: 108

Home details

Lot Sq. Ft
5,168
HOA Dues
$0/mo
Year built
1925
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
SB21139774
City
Los Angeles
County
Los Angeles
Time on Site
1025 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $24,000
  • Net Operating Income: $4,800
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $19,200
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $1,356
  • Water/Sewer: $0

Property Details for 1031 W 57Th St

Interior Features
Laundry Information
  • Has Laundry
  • Electric Dryer Hookup, Washer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 5002019021
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Two blocks north of Slauson between Budlong & Vermont Ave.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1031 W 57Th St

Last sold for $501,000 on July 12th, 2022

  • February, 2024

  • Feb 8, 2024

    Date

    Expired

    CRMLS: SB23022385

    $649,000

    Price

  • Feb 9, 2023

    Date

    Active

    CRMLS: SB23022385

    $695,000

    Price

  • Listing provided courtesy of CRMLS

    1031 W 57th St is a fantastic investment opportunity for any buyer looking to invest in South Los Angeles. Located in the 90037 zip code, 1031 W 57th consists of (1) 2- Bed/1-Bath, (1) 1-Bed/1-Bath and a large 2 Car Garage perfect for an ADU. This large 1,996 square foot building is situated on a 5,168 square foot lot zoned LA RD2. At one of the lowest price points for an income property, the subject is the best way to enter the real estate market and grow your portfolio! Priced at only $325/Sq. Ft, this building is one of the best $/Sq. Ft you'll see in this neighborhood. Located in the 90037 Zip code, the subject property is steps from the new recreational development at 5800 Figueroa, as well as new apartment developments in the subpocket.

  • September, 2021

  • Sep 18, 2021

    Date

    Active

    CRMLS: SB21139774

    $550,000

    Price

  • Aug 21, 2021

    Date

    Active Under Contract

    CRMLS: SB21139774

    $550,000

    Price

  • Aug 4, 2021

    Date

    Price Change

    CRMLS: SB21139774

    $550,000

    Price

  • Jul 31, 2021

    Date

    Hold

    CRMLS: SB21139774

    $600,000

    Price

  • Jul 17, 2021

    Date

    Active

    CRMLS: SB21139774

    $600,000

    Price

Show More

Tax History for 1031 W 57Th St

Assessed Value (2020): $39,944
Year Land Value Improved Value Assessed Value
2020 $22,613 $17,331 $39,944

Home Value Compared to the Market

This property vs the competition

1031 W 57Th St sold on July 12, 2022 for 53.78% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $275.55 per/sqft which puts the price per square foot 63.5% lower than the current median sale per square foot for the city of Los Angeles.

About 1031 W 57Th St

Detailed summary of property

1031 W 57Th St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 3 bedrooms, 2 bathrooms, roughly 1,996 living square feet, and sits on an approximately 5,168 square foot lot. 1031 W 57Th St was first listed on ArdentRealEstateGroup.com on July 17, 2021. The homeowner sold the property for $501,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 53.78% lower than the current median priced home. Local homes that are currently for sale include 2411 Griffith Ave, 845 E 80th St and 220 W Colden Ave. While the average home in Los Angeles, CA is selling in 94 days, 1031 W 57Th St has a days on market of 108 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1031 W 57Th St Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1031 W 57Th St

Public county record property details
Beds
3
Baths
2
Year built
1925
Sq. Ft.
1,996
Lot Size
5,168
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
124
APN
5002-019-021

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$725,000
Median List Price/Sq.Ft.
$560
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
31
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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