611 W 57th, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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611 W 57th
Los Angeles, California 90037
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,144Sq Ft
5,401Lot Size
Property Price
LIST PRICE$700,000
EST. MARKET VALUE
$696,051
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $700,000—positioned well below the $696,052 Fair Market Value by -0.57%. While the property is priced at market, its Fair Condition Rating and 1923 construction offer a clear path for value-add improvements. The 5,401 sqft lot provides significant density potential for future ADU development. This asset is ideal for Buy-and-Hold Investors seeking rental income or Value-Add Developers looking to modernize aging infrastructure in a high-demand Los Angeles market.
Estimated Market Value
$696,051
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 611 W 57th Subject | $700,000* List Price | 0 | 0 | 2,144 | $325 | - |
A 324 W 47th Place Sold | $560,000 | 0 | 0 | 2,006 | $279 | 0.7 mi |
B 1021 W 48th Sold | $720,000 | 5 | 4 | 2,096 | $344 | 0.8 mi |
C 1159 W 54th Street Sold | $670,000 | 0 | 0 | 2,144 | $313 | 0.7 mi |
D 1132 W 56th Sold | $644,000 | 0 | 0 | 1,758 | $366 | 0.6 mi |
E 342 W And 342 1/2 W. 52nd Active | $649,900 List Price | 4 | 2 | 2,242 | $290 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1923, this triplex shows signs of cosmetic 'lipstick' renovations such as modern grey laminate flooring and recent paint. However, the presence of dated popcorn ceilings, older sliding windows, and the overall age of the structure suggest that while functional for tenants, the property likely has older systems and requires minor repairs or further modernization to meet higher standards.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
As a triplex with a reported high bed/bath count, this property offers significant rental income potential in a high-demand Los Angeles rental market.
- Competitive Entry Price
Priced at $700,000, this multi-family asset represents a relatively low price-per-unit entry point for the Los Angeles area, appealing to value-add investors.
- Lot Size and Density
The 5,401 square foot lot provides ample space for the existing three units and may offer future potential for ADU additions to further increase cash flow.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally constructed in 1923, the property likely requires significant capital expenditure for modernizing essential systems such as plumbing, electrical, and roofing.
- Limited Property Information
The brief listing description and lack of detailed renovation history suggest the property may have deferred maintenance or units in need of substantial cosmetic updates.
About 611 W 57th
TRIPLEX WITH GREAT BED/BATH COUNT AND RENTS.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1923
- Lot Size
- 5,401 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,144 | 2,187.451 |
| Lot Size | 5,401 | 5,841.385 |
| Price | $700.0K | $841.5K |
| Price per sq ft | $326 | $385 |
| Built year | 1923 | 1928 |
| HOA | $0 | $0 |
| Days on market | 26 | 85 |
Pricing History
Listed for Sale
Aug 14, 2026
$700,000
Initial Listing
Sold
Dec 6, 2016
$317,500
Public Record
Sold
Jul 21, 2004
$384,000
Public Record