1018 E 57th ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90011
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25114727
Style Craftsman
Year Built 1906
Lot Size 5,434 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
Investor Goldmine in South LA - R2 Zoning + SB 9 Opportunity! This oversized 5,434 sq. ft. LAR2 lot is a rare gem with massive development flexibility. Zoned R2, it allows up to 2 primary units by right, plus 1 full-size ADU (up to 1,200 sq. ft. and 1 Junior ADU - delivering up to 4 legal rental units without needing a variance. But it gets even better: SB 9 Eligible: Qualifies for lot split under California's SB 9 law. That means you could split into two parcels, build a duplex on each, and add ADUs - up to 8 units total. Development Summary: . Current Zoning: LAR2 (Residential - 2 Units by right) . Lot Size: 5,434 sq. ft. . Unit Potential (without SB9): 1 duplex + 1 ADU + 1 JADU = 4 units . Unit Potential (with SB9 split): 2 duplexes + ADUs = up to 8 units . Frontage & depth: Flat, rectangular lot with alley access = builder-friendly ?? Investment Snapshot: . Average Rent (2-bed units in area): $2,200-$2,500/month . Full 4-unit config projected gross income: $105,000-$115,000/yr . 8-unit SB 9 config potential: $200,000+/yr gross rents . Cap rate potential (renovated new build 4-8 unit): 6-8%+ depending on cost basis and construction type . ADU cost per unit: Est. $120-$200/sq. ft. (stick-built or pr
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Heating Gas
Cooling None
Laundry None
Exterior
Parking Features Garage,Other
Garage Spaces 2.0
Pool 31,None
View None
Roof Type Composition
Building
Lot Description Paved
Story One Story
Foundation Raised
Water District - Public
Architectural Style Craftsman
Others
Tax ID 5103015024