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Listed by Luis Grimaldo, DRE #02185767 • HomeSmart Realty Group
$ 999,000
Est. payment /mo
New
1366 E 57th Los Angeles, CA 90011
10,796 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW26186815
Year Built 1924
Lot Size 10,796 Sqft
Source California Regional MLS
Property Description
INVESTMENT OPPORTUNITY IN LOS ANGELES! Welcome to 1366 E 57th St, a five-unit income-producing property offering immediate rental income and exciting value-add potential. Three units are currently tenant-occupied, providing an established income stream, while the remaining units offer additional possibilities for an investor. 2 units will be delivered VACANT! The property also has city approval to construct a sixth unit, creating an opportunity to increase the unit count and future income potential. Conveniently located near Downtown Los Angeles, major freeways, public transportation, shopping, schools, and employment centers. (BUYERS AND AGENTS TO VERIFY) Ideal for investors looking to expand their portfolio and capitalize on long-term rental demand and potential upside. Existing tenants will remain with the sale. Bring your investors-seller is motivated, all terms are negotiable, and ready to work out a deal! Buyer and buyer's agent are strongly encouraged to independently verify all information, including unit count, permits, city approvals, square footage, rents, zoning, condition, development feasibility, and intended use with the appropriate professionals and government agencies. Property is sold as-is.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry None
Exterior
Pool None
Building
Lot Description Paved
Water District - Public
Others
Tax ID 5104027034
Special Listing Condition Not Applicable
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