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Stacey Niermann

stacey@niermannestatesgroup.com +1(714) 642-6895

$ 949,000

Est. payment | -/mo

5,980 Sqft Lot

Save

$ 949,000

Est. payment | -/mo

Save

5,980 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Coming Soon

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

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Urban

Roof Type Shingle

Total Parking Spaces 8

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

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Braulio Hoyos eXp Realty of California Inc 510-283-8947, DRE #02110506

Nearby Locations

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Stacey Niermann

REALTOR® | Lic# DRE# 02167751

stacey@niermannestatesgroup.com

+1(714) 642-6895

303 N Glenoaks Blvd, Suite 200, Burbank, CA, 91502

1457 W 52nd Los Angeles, CA 90062

Stacey Niermann

Key Details

Location

Interior

Exterior

Building

Others

1457 W 52nd