5348 W 57th Street, California, Los Angeles, 90056 - 6 bed, 6 bath
ACTIVE$2,299,000
5348 W 57th Street, California
6Beds
6Baths
3,966Sqft
7,339Lot
Year Built
1955
Close
-
List price
$2.3M
Original List price
$2.3M
Price/Sqft
$580
HOA
-
Days on market
-
Sold On
-
MLS number
22163362
Home ConditionFair
Features
Good View: City Lights
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $2.30M(86th), sqft - 3966(93th), beds - 6(93th), baths - 6(93th).
Exclusive and rare on the market , Ladera Triplex, all 2 bedrooms 1.5 ba units. upper unit has expansive city views and separate six car garage.
Condition Rating
Fair
The property was built in 1955 and described as a triplex. While the description mentions city views, there's no information about renovations to the kitchens or bathrooms. Given the age, it's likely that these areas are outdated and require updates, placing the property in the 'fair' condition category. The lack of specific details about recent renovations suggests it's aged but maintained.
Pros & Cons
Pros
Income Potential: Triplex property offers immediate rental income from three separate units.
Large Units: Each unit features 2 bedrooms and 1.5 bathrooms, appealing to a wide range of tenants.
City Views: Upper unit boasts expansive city views, a desirable feature for tenants and future resale value.
Ample Parking: Separate six-car garage provides significant parking, a valuable asset in Los Angeles.
Location: Located in Ladera Heights, a desirable area with proximity to amenities and transportation.
Cons
Age of Property: Built in 1955, the property may require updates or renovations to meet modern standards.
Potential Maintenance: As a multi-unit property, ongoing maintenance and repairs could be more demanding than a single-family home.
Competition: The market for triplexes may be smaller than single-family homes, potentially limiting the pool of buyers.