Residential Income in Los Angeles

$949,000

1457 52nd, 90062, Los Angeles, CA

Residential Income for sale in Los Angeles, 1457 52nd, 90062

1457 52nd, 90062, Los Angeles, CA

$949,000

Type: Residential Income

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

1457 52nd, 90062, Los Angeles, CA

Data

Object TypeResidential Income
Purchase Price$949,000
Living Space0 m²
Plot Size555.65 m²
BathroomsN/A
Construction Year1922
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeN/A
Primary Energy SourceN/A
Construction Year1922
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent