$1,065,000
SOLD SEP 18, 2024

1050 57th St Los Angeles, CA 90037

Vermont-Slauson Neighborhood
14 Beds
5 Baths
4,476 Sq Ft
4,670 Sq Ft Lot

Recently Sold

$238 Per Sq Ft

18% Below List Price

31 Days on Market

About This Home

As of September 2024

We are pleased to present 1050 W 57th St, a 5-unit Spanish-style apartment community located in the heart of Los Angeles. Operating at a 6.37% CAP and 10.11 GRM on current rents, with potential upsides to a 10.78% CAP and 6.81 GRM on pro-forma rents, the building provides a buyer with the ability to achieve a high cash-flow! The building consists of 1 two-bedroom unit and 4 three-bedroom units, along with four 1-car garages in the rear accessible by alley. With classic 1930's Spanish-style architecture throughout, the building provides a sense of character and desirability from the tenant community, which can be seen in the high rental amounts currently in the building and neighborhood. Contact the listing broker for additional information.

Last Agent to Sell the Property

Casey Lins

Kidder Mathews of California, Inc. License #01902650 Listed on: 05/20/2024

Last Buyer's Agent

Casey Lins

Kidder Mathews of California, Inc. License #01902650 Listed on: 05/20/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,220

Year Built

  • Built in 1931

Lot Details

  • 4,670 Sq Ft Lot

Interior Spaces

  • 4,476 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 5 Bathrooms

Parking

  • 4 Parking Spaces
  • Carport

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5002-018-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,220

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4476
  • Lot Acreage: 0.1072
  • Stories: 2
  • Year Built: 1931
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 14
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 290.44

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 4

Lot Info

  • Assessed Improvement Percent: 32.26
  • Assessed Improvement Value: 218727
  • Assessed Land Percent: 67.74
  • Assessed Land Value: 459329
  • Total Assessed Value: 678056
  • Assessor Parcel Number: 5002-018-004
  • Lot Size Area: 4670

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 10.11
  • Number Of Units: 5
  • Total Annual Expense: 41923
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2024
Closed on
Aug 6, 2024
Sold by
Sola Impact Fund Ii Lp
Bought by
Hoertz Mitchel T
Seller's Agent
Casey Lins
Kidder Mathews of California, Inc.
Buyer's Agent
Casey Lins
Kidder Mathews of California, Inc.
List Price
$1,300,000
Sold Price
$1,065,000
Premium/Discount to List
-$235,000
-18.08%
Views
27
Current Estimated Value
$1,088,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,823
Original Mortgage
$958,500
Outstanding Balance
$947,725
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 2017
Sold by
Awakoaiye Jahi and Awakoaiye Sia
Bought by
Sola Impact Fund Ii Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 1, 2004
Sold by
Jackson Bobbie Jean
Bought by
Jackson Bobbie Jean and Awakoaiye Jahi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$438,750
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 24, 2004
Sold by
Ajigbotafe Olufemi
Bought by
Jackson Bobbie Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$438,750
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 2004
Sold by
Otoski Matthew C
Bought by
Ajigbotafe Olufemi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
9.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 6, 2003
Sold by
Kores Fredrick L
Bought by
Otoski Matthew C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
5.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 2002
Sold by
Ddd & Associates
Bought by
Otoski Mathew C and Kores Fredrick L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,052
Interest Rate
6.6%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 6, 2002
Sold by
Otoski Matthew C and Otoski Mathew C
Bought by
Otoski Matthew C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
5.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 8, 1995
Sold by
Ahmad Basher and The Pacific Land Exchange Pens
Bought by
Ddd & Associates

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
7.58%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 31, 1993
Sold by
Foreclosure Consultants Inc
Bought by
Ahmad Basher and The Pacific Land Exchange Pens
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,065,000 Provident Title
Warranty Deed $620,000 Chicago Title Ompany
Interfamily Deed Transfer -- --
Grant Deed $487,500 Chicago Title
Grant Deed $440,000 Fidelity National Title Co
Quit Claim Deed -- Commonwealth
Grant Deed $281,500 Commonwealth Title
Interfamily Deed Transfer -- Commonwealth
Grant Deed $147,500 Benefit Land Title
Trustee Deed $159,498 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $958,500 New Conventional
Previous Owner $528,000 Commercial
Previous Owner $465,000 Commercial
Previous Owner $438,750 Purchase Money Mortgage
Previous Owner $352,000 Commercial
Previous Owner $292,000 Commercial
Previous Owner $277,052 FHA
Previous Owner $292,000 Commercial
Previous Owner $112,500 Seller Take Back
Closed $88,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2024 09/18/24 Sold $1,065,000 -18.1% $238 / Sq Ft
06/20/2024 06/20/24 Pending -- -- --
05/20/2024 05/20/24 For Sale $1,300,000 -- $290 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,220 $1,065,000 $840,000 $225,000
2024 $9,220 $691,616 $468,515 $223,101
2023 $9,059 $678,056 $459,329 $218,727
2022 $8,327 $664,762 $450,323 $214,439
2021 $8,201 $651,729 $441,494 $210,235
2020 $8,278 $645,048 $436,968 $208,080
2019 $7,963 $632,400 $428,400 $204,000
2018 $7,876 $620,000 $420,000 $200,000
2017 $7,362 $585,502 $468,405 $117,097
2016 $7,152 $574,022 $459,221 $114,801
2015 $7,050 $565,401 $452,324 $113,077
2014 $7,102 $554,326 $443,464 $110,862
Source: Public Records

Agents Affiliated with this Home

  • Casey Lins

    Seller's Agent in 2024

    Casey Lins

    Kidder Mathews of California, Inc.

    (714) 333-6768

    2 in this area

    50 Total Sales

    Casey Lins
    Section Image
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Map

Source: The MLS

MLS Number: 24-394439

The MLS

APN: 5002-018-004

California Los Angeles County Los Angeles 90037 Vermont-Slauson

1050 57th St, Los Angeles, CA

This home is located at 1050 57th St, Los Angeles, CA 90037 and is currently priced at $1,065,000, approximately $237 per square foot. This property was built in 1931. 1050 57th St is a home located in Los Angeles County with nearby schools including John Muir Middle School, Augustus F. Hawkins High A Critical Design And Gaming, and Budlong Avenue Elementary School.

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