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
$685,556
SUMMARY
This triplex represents a High-Potential Investment Opportunity, listed at a List Price of $700,000—positioned well below the $685,556 Fair Market Value by -2%. While the property requires modernization, its Fair Condition Rating and 5,401 square foot lot provide significant upside for value-add renovations or future ADU development. This asset offers a stable foundation for rental income in a high-demand urban market. It is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to maximize long-term cash flow.
Estimated Market Value
$685,556
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 0 bd · 0 ba · 2,144 sqft · $320 | $700,000* List Price | 0 | 0 | 2,144 | $320 | - |
A 324 W 47th Place Sold 0 bd · 0 ba · 2,006 sqft · $279 · 0.7 mi | $560,000 | 0 | 0 | 2,006 | $279 | 0.7 mi |
B 1159 W 54th Street Sold 0 bd · 0 ba · 2,144 sqft · $313 · 0.7 mi | $670,000 | 0 | 0 | 2,144 | $313 | 0.7 mi |
C 1021 W 48th Sold 5 bd · 4 ba · 2,096 sqft · $344 · 0.8 mi | $720,000 | 5 | 4 | 2,096 | $344 | 0.8 mi |
D 1132 W 56th Sold 0 bd · 0 ba · 1,758 sqft · $366 · 0.6 mi | $644,000 | 0 | 0 | 1,758 | $366 | 0.6 mi |
E 4512 S Figueroa Active 4 bd · 2 ba · 2,205 sqft · $340 · 0.8 mi | $750,000 List Price | 4 | 2 | 2,205 | $340 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Property was built in 1923 (>20 years old) and operates as an active rental triplex. While it is functional and income-generating, the exterior shows signs of age, security bars, and dated elements that likely require minor repairs and modernization throughout.
PROSSTRENGTHS & OPPORTUNITIES
- High Rental Potential
As a triplex featuring a favorable bedroom and bathroom configuration, this property offers strong cash flow opportunities for investors seeking to maximize rental income in the Los Angeles market.
- Competitive Entry Price
At a list price of $700,000, this multi-family asset represents a relatively low entry point for the Los Angeles area, providing significant value for a three-unit residential income property.
- Lot Size and Density
The 5,401 square foot lot offers a generous land-to-building ratio, providing potential for future ADU development or improved tenant amenities to increase the property's overall value.
CONSRISKS & DEFICIENCIES
- Century-Old Construction
Originally built in 1923, the property likely requires substantial maintenance and capital improvements to modernize aging systems such as plumbing, electrical, and roofing.
- Management Intensity
The property's age and urban location may necessitate more intensive property management and higher reserves for repairs compared to newer multi-family developments.
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 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,144 | 2,090.331 |
| Lot Size | 5,401 | 5,852.908 |
| Price | $700.0K | $830.9K |
| Price per sq ft | $326 | $394 |
| Built year | 1923 | 1928 |
| HOA | $0 | $0 |
| Days on market | 42 | 87 |
Pricing History
Listed for Sale
Sep 28, 2026
$700,000
Initial Listing
Sold
Dec 6, 2016
$317,500
Public Record
Sold
Jul 21, 2004
$384,000
Public Record