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$949,000
Est. payment /mo
4 Beds
4 Baths
5,981 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26168325
Bedrooms 4
Lot Size 5,981 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
2 Duplexes on 1 Lot! 1457 W 52nd St is a fully renovated, 100%-occupied four-unit investment in the Vermont Square pocket of South LA - a ~6,000 SF corner parcel holding two matching duplexes, each with a pair of 1-Bed/1-Bath units finished with new flooring, updated kitchens, a new roof, and all-new plumbing. Every unit is leased today at a current cap rate of 6.08%, generating approximately $57,678 in annual net operating income (about $4,807 a month before financing costs). The property currently operates at a strong 6.08% cap rate and an 11.79 GRM, offering a rare combination of healthy in-place income and future value-add potential. Expenses stay lean: ownership covers only water and sewer, while tenants handle gas, electric, and reimburse the city's SCEP/RSO fees directly. At $949,000, the property offers a strong entry point for a first-time investor and an easy addition to a growing portfolio alike. USC, Exposition Park, and Downtown LA are all close by, with easy access to the I-10, I-110, and I-405.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Cross streets Normandie Ave and 52nd St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5003008017
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
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Listed by Braulio Hoyos, DRE#02110506 eXp Realty of California Inc
NEARBY SCHOOL & BUSINESS
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