
Los Angeles, California 90011
Analysis of 1366 E 57th, Los Angeles, California 90011 is currently available with a list price of $999,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1924, this multi-unit property shows significant signs of age and deferred maintenance. Interior photos reveal safety and habitability concerns including exposed subflooring, surface-mounted electrical wiring, and severely dated finishes. The 'as-is' sale and 'value-add' description confirm the need for a comprehensive rehabilitation of all systems and interiors.
The property comes with city approval to construct a sixth unit, providing a rare and immediate opportunity to increase density and maximize future rental income.
With three units currently occupied and two delivered vacant, investors can enjoy immediate rental income while having the flexibility to renovate and lease the vacant units at current market rates.
The expansive 10,796-square-foot lot is significantly larger than average for the area, offering ample space for the existing units and the proposed expansion.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5, other record living area = 2356.
Built in 1924 and sold in as-is condition, the property likely requires significant capital expenditure for repairs, modernization, and addressing deferred maintenance.
The heavy emphasis on buyer verification for unit counts, permits, and city approvals suggests potential complexities regarding the property's legal status or historical compliance.
INVESTMENT OPPORTUNITY IN LOS ANGELES! Welcome to 1366 E 57th St, a five-unit income-producing property offering immediate rental income and exciting value-add potential. Three units are currently tenant-occupied, providing an established income stream, while the remaining units offer additional possibilities for an investor. 2 units will be delivered VACANT! The property also has city approval to construct a sixth unit, creating an opportunity to increase the unit count and future income potential. Conveniently located near Downtown Los Angeles, major freeways, public transportation, shopping, schools, and employment centers. (BUYERS AND AGENTS TO VERIFY) Ideal for investors looking to expand their portfolio and capitalize on long-term rental demand and potential upside. Existing tenants will remain with the sale. Bring your investors—seller is motivated, all terms are negotiable, and ready to work out a deal! Buyer and buyer’s agent are strongly encouraged to independently verify all information, including unit count, permits, city approvals, square footage, rents, zoning, condition, development feasibility, and intended use with the appropriate professionals and government agencies. Property is sold as-is.
No exterior & parking available.
Grades 1-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 1.3 |
| Square foot | 5 | 4,065.4 |
| Lot Size | 10,796 | 6,744.9 |
| Price | $999.0K | $1.13M |
| Price per sq ft | $199.8K | $262 |
| Built year | 1924 | 1939 |
| HOA | $0 | $907 |
| Days on market | 15 | 110 |
Aug 25, 2026
$999,000
Initial Listing