$1,225,000

1557 52nd Street, Los Angeles 90062

6

Beds

7

Baths

3,337

Square feet

6,500

Lot Size

6

# Of Units

Listing Agent
Sean Rosenzweig - Marcus & Millichap

We are pleased to offer for sale a six unit apartment community located at 1557 West 52nd Street. The subject property is located just east of Western Avenue on 52nd Street within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 6,502 square foot parcel, the property is comprised studios, two-bedroom and four-bedroom units. There is 38% rental upside through interior renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue improvements and achieve superior future returns moving forward makes 1557 W 52nd Street an excellent acquisition opportunity. *The Subject Property is being marketed in conjunction with 5 other offerings. Each offering can be purchased individually or together. LA County Assessor Indicates that the Property has a Total of 2Beds/6Baths. Buyer to Verify Unit Configuration.

Facts & Features

MLS® # 24346955
Price $1,225,000
Bedrooms 6
Bathrooms 7.00
Square Footage 3,337
Lot Size 6,500
Year Built 1936
Type Residential Income
Status Active
# Of Units 6

Community Information

Address 1557 52nd Street
Area C34 - Los Angeles Southwest
City Los Angeles
County Los Angeles
Zip Code 90062

Amenities

Parking Spaces 6
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No
# of Stories 2
Stories Two, Multi/Split

Additional Information

Date Listed January 12th, 2024
Days on Market 113
Zoning LAR2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentSean Rosenzweig
OfficeMarcus & Millichap

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?