Los Angeles, CA 90062 1557 W 52nd Street

1557 W 52Nd Street Los Angeles, Ca - Image 11557 W 52Nd Street Los Angeles, Ca - Image 2
Presented By: Sean Rosenzweig with Marcus & Millichap;
  • MLS# 24346955
  • 01/12/2024
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  • BedBeds • 6
  • BathBaths • 4
  • FootageSQFT • 3,337

Home Details

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.
Presented By: Sean Rosenzweig with Marcus & Millichap;

Interior Features for 1557 W 52nd Street

Bedrooms

Total Bedrooms6

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths4

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Street SuffixStreet
Total Stories2

General for 1557 W 52nd Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.19
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market82
DirectionsEast of Western Avenue & North of 52nd Street
Garage Y/NNo
Gross Income117324.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo, MultiSplit
Lot Size Square Feet6500.0
MLS AreaC34 - Los Angeles Southwest
MobileHomeRemainsYNNo
Net Operating Income75796.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street Name52nd
Total Units6
View Y/NNo
Waterfront Y/NNo
Year Built1936
Year Built SourceAssessor
ZoningLAR2

Exterior for 1557 W 52nd Street

Building Area Total3337.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1492
Lot Size Area6500.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings3
Open Parking Y/NNo
SpaNo
Total Parking6.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,225,000
MLS#24346955
List Date 01/12/2024
Property Type Multi-Family
Phone 714.964.3311
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