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1144 W 57Th St, Los Angeles, CA 90037
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1144 W 57Th St Los Angeles, CA 90037

$1,157,500 Sold Price as of 06/06/2023
  • 10 Beds
  • 6 Baths
  • 3,216 Sq.Ft.
Sold
$1,157,500 Sold Price as of 06/06/2023 Refinance Your Mortgage
Map preview of 1144 W 57Th St, Los Angeles, CA 90037

Property Overview: 1144 W 57Th St Los Angeles, CA has 10 bedrooms, 6 bathrooms, 3,216 living square feet and 4,558 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1144 W 57th St is a renovated 4-Plex comprised of all 2- Bed/1-Bath Units and delivered with 3 tenant ready units. Plans for an additional 2-Bed/2-Bath ADU will be delivered RTI at the close of escrow. This 4+1 unit building is located in a rapidly growing submarket of Los Angeles with plenty of value for an investor or owner/user looking to increase the value. The subject property is located in the 90037 zip code and currently priced at a 5.81% cap rate! After the addition of the ADU, the subject property will operate at a 7.03% cap rate, including conservative construction costs. With three units currently renovated and tenant ready, this asset will immediately cash flow and is fit for any investor looking for stable income and the opportunity to add value through the process of ADUs. 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.

Listed by Aaron Jacobson | BRE #02100737 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 6 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 40

Home details

Lot Sq. Ft
4,558
HOA Dues
$0/mo
Year built
1940
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
SB23035150
City
Los Angeles
County
Los Angeles
Time on Site
566 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,110
  • Total Rent: $1,110
  • Pro Forma/Market Rent: $2,295
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $2,295
  • Pro Forma/Market Rent: $2,295
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $2,295
  • Pro Forma/Market Rent: $2,295
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $2,295
  • Pro Forma/Market Rent: $2,295
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.81%
  • Gross Rent Multiplier: 12.46
  • Gross Scheduled Income: $95,940
  • Net Operating Income: $69,475
  • Gross Operating Income: $93,062
Annual Expense Breakdown
  • Total Operating Expense: $23,587
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 1144 W 57Th St

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5002017004
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off of Saluson and Western
Neighborhood Information
  • Community Features: Biking, Curbs, Golf, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1144 W 57Th St

Last sold for $1,157,500 on June 6th, 2023

  • June, 2023

  • Jun 6, 2023

    Date

    Sold

    CRMLS: SB23035150

    $1,157,500

    Price

  • Mar 2, 2023

    Date

    Active

    CRMLS: SB23035150

    $1,195,000

    Price

  • April, 2022

  • Apr 1, 2022

    Date

    Active

    CRMLS: PW22028251

    $975,000

    Price

  • Mar 24, 2022

    Date

    Pending

    CRMLS: PW22028251

    $975,000

    Price

  • Listing provided courtesy of CRMLS

    Investment property 4 units; recent 2 years installed a new rolling gate behind the building, replaced a new Tar roof & new laminate wood flooring for 2 units; each unit with 1 bedroom and 1 bath and extra small area maybe either used for storage/ office / den; 2 units on the 1st level, the other 2 units are located on the upper level; property is close to shopping & Fwy.

  • February, 2020

  • Feb 20, 2020

    Date

    Sold (Public Records)

    Public Records

    $560,000

    Price

  • September, 2002

  • Sep 9, 2002

    Date

    Sold (Public Records)

    Public Records

    $281,500

    Price

Show More

Tax History for 1144 W 57Th St

Assessed Value (2020): $372,779
Year Land Value Improved Value Assessed Value
2020 $158,909 $213,870 $372,779

Home Value Compared to the Market

This property vs the competition

1144 W 57Th St sold on June 6, 2023 for 6.7% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $371.58 per/sqft which puts the price per square foot 48.68% lower than the current median sale per square foot for the city of Los Angeles.

About 1144 W 57Th St

Detailed summary of property

1144 W 57Th St is a fourplex that recently sold in Los Angeles, CA 90037. This fourplex offered 10 bedrooms, 6 bathrooms, roughly 3,216 living square feet, and sits on an approximately 4,558 square foot lot. 1144 W 57Th St was first listed on ArdentRealEstateGroup.com on March 2, 2023. The homeowner sold the property for $1,157,500. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 6.7% higher than the current median priced home. Local homes that are currently for sale include 872 W 42nd Pl, 6616 S Figueroa St and 1124 W 42nd St. While the average home in Los Angeles, CA is selling in 106 days, 1144 W 57Th St has a days on market of 40 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1144 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 1144 W 57Th St

Public county record property details
Beds
4
Baths
4
Year built
1940
Sq. Ft.
3,216
Lot Size
4,557
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
150
APN
5002-017-004

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
$688,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$626,228
Median Sold Price/Sq.Ft.
$437
Total Inventory
36
Median Sale to List Price %
125.5%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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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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