About 1018 57th Street
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 prefab)
?? Local Market Insight:
Investors are aggressively repositioning nearby properties with the same lot size and zoning — converting SFRs into income-generating 4-plexes and 6-plexes. Recent comps in 90011 show similar properties selling post-development for $900k–$1.25M+, especially if delivered fully leased.
Why This Lot Stands Out:
• Zoned R2 w/ flexible multi-unit build options
• SB 9 eligible – split the lot, double the density
• 4–8 unit potential = high cash flow, big resale margin
• Flat, buildable lot near USC, DTLA, Expo Line
Final Word:
Whether you’re a seasoned developer or first-time investor, this is your rare chance to acquire a multifamily development site with strong ROI, clear entitlement path, and tons of upside in South LA’s hottest pocket.
