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$ 949,000
Est. payment | /mo
5,980 Sqft Lot
$ 949,000
Est. payment | /mo
5,980 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26168325
HOA Y/N No
Year Built 1922
Lot Size 5,980 Sqft
Property Sub-Type Quadruplex
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
Area C34 - Los Angeles Southwest
Interior
Fireplace No
Laundry None
Exterior
Parking Features Assigned
Pool None
Community Features Urban
Roof Type Shingle
Total Parking Spaces 4
Private Pool No
Building
Lot Description Corner Lot
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5003008017
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, Fannie Mae, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, FHA, Fannie Mae, VA Loan
Special Listing Condition Standard
Listed by Braulio Hoyos eXp Realty of California Inc 510-283-8947, DRE #02110506