$1,900,000

1061 W 57th St Los Angeles, CA 90037

Vermont-Slauson Neighborhood

Estimated payment $12,023/month

Total Views 3,848
3 Beds
3 Baths
6,997 Sq Ft
$272 Price per Sq Ft

About This Home

The subject property is a 12 unit apartment building located in the South LA submarket of Los Angeles, on W 57th St, north of Slauson between Normandie and Vermont . Built in 1929, the property consists of (1) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath, and (1) Studio / 1 Bath units that are spread out over 5,170 square feet. The building sits on a 5,170 square foot lot that is zoned LARD2. The property is in a transit oriented communities (Tier 3) area. The building is secured by a gate in both the front and the rear of the building. The building is subject to LA city rent control.

Listing Agent

Aaron Jacobson

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #02100737 Listed on: 05/01/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listing Agent

Peter James

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #01748556

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1929

Lot Details

  • 5,170 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 6,997 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tax Lot 131
  • Assessor Parcel Number 5002019028
  • $1,191 per year additional tax assessments

Community Details

Overview

  • 12 Units

Building Details

  • Rent Control
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 13 Separate Water Meters
  • Operating Expense $85,349
  • Gross Income $207,250
  • Net Operating Income $121,901

Property Details

Home Type

Apartment

Year Built

Built in 1929

Lot Details

0

Listing Details

  • CapRate: 6.42
  • Price Per Unit: 158333
  • Property Attached: No
  • Zoning: LARD2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5002019028
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 271.54

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Suburban, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5170.00
  • Lot Size Acres: 0.1187

Multi Family

  • Gross Income: 207250.00
  • Gross Multiplier: 8.89
  • Gross Scheduled Income: 213660.00
  • Lot Size Area: 5170.0000 Square Feet
  • Net Operating Income: 121901.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 13
  • Number Of Units Total: 12
  • Operating Expense: 85349.00
  • Rent Control: Yes
  • Total Expenses: 85349.00

Tax Info

  • Tax Census Tract: 2326.02
  • Tax Lot: 131
  • Tax Tract Number: 0000
  • TaxOtherAnnualAssessmentAmount: 1191.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 For Sale $1,900,000 +24.6% $272 / Sq Ft
04/30/2018 04/30/18 Sold $1,525,000 0.0% $218 / Sq Ft
03/01/2018 03/01/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $1,525,000 -- $218 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25095738

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90037 Vermont-Slauson

1061 W 57th St, Los Angeles, CA

This home is located at 1061 W 57th St, Los Angeles, CA 90037 and is currently priced at $1,900,000, approximately $271 per square foot. This property was built in 1929. 1061 W 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 ICEF Innovation Los Angeles Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Aaron Jacobson
Listing Agent
Aaron Jacobson
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Lyon Stahl Investment Real Estate, Inc.
(310) 729-1559