2
See all 2 photos
$685,000
Est. payment /mo
3 Beds
2 Baths
5,434 Sqft Lot
Active
1018 E 57th Street Los Angeles, CA 90011
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25114727
Bedrooms 3
HOA Y/N No
Lot Size 5,434 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Investor Goldmine in South LA R2 Zoning + SB 9 Opportunity! This oversized 5,434 sq. ft. LAR2 lot is a rare gem with massive development flexibility. Zoned R2, it allows up to 2 primary units by right, plus 1 full-size ADU (up to 1,200 sq. ft. and 1 Junior ADU delivering up to 4 legal rental units without needing a variance. But it gets even better: ? SB 9 Eligible: Qualifies for lot split under Californias SB 9 law. That means you could split into two parcels, build a duplex on each, and add ADUs up to 8 units total. ??? Development Summary: Current Zoning: LAR2 (Residential 2 Units by right) Lot Size: 5,434 sq. ft. Unit Potential (without SB9): 1 duplex + 1 ADU + 1 JADU = 4 units Unit Potential (with SB9 split): 2 duplexes + ADUs = up to 8 units Frontage & depth: Flat, rectangular lot with alley access = builder-friendly ?? Investment Snapshot: Average Rent (2-bed units in area): $2,200$2,500/month Full 4-unit config projected gross income: $105,000$115,000/yr 8-unit SB 9 config potential: $200,000+/yr gross rents Cap rate potential (renovated new build 48 unit): 68%+ depending on cost basis and construction type ADU cost per unit: Est. $120$200/sq. ft. (stick-built or prefab) ?? Local Market Insight: Investors are aggressively repositioning nearby properties with the same lot size and zoning converting SFRs into income-generating 4-plexes and 6-plexes. Recent comps in 90011 show similar properties selling post-development for $900k$1.25M+, especially if delivered fully leased. ? Why This Lot Stands Out: ?? Zoned R2 w/ flexible multi-unit build options ??
Investor Goldmine in South LA R2 Zoning + SB 9 Opportunity! This oversized 5,434 sq. ft. LAR2 lot is a rare gem with massive development flexibility. Zoned R2, it allows up to 2 primary units by right, plus 1 full-size ADU (up to 1,200 sq. ft. and 1 Junior ADU delivering up to 4 legal rental units without needing a variance. But it gets even better: ? SB 9 Eligible: Qualifies for lot split under Californias SB 9 law. That means you could split into two parcels, build a duplex on each, and add ADUs up to 8 units total. ??? Development Summary: Current Zoning: LAR2 (Residential 2 Units by right) Lot Size: 5,434 sq. ft. Unit Potential (without SB9): 1 duplex + 1 ADU + 1 JADU = 4 units Unit Potential (with SB9 split): 2 duplexes + ADUs = up to 8 units Frontage & depth: Flat, rectangular lot with alley access = builder-friendly ?? Investment Snapshot: Average Rent (2-bed units in area): $2,200$2,500/month Full 4-unit config projected gross income: $105,000$115,000/yr 8-unit SB 9 config potential: $200,000+/yr gross rents Cap rate potential (renovated new build 48 unit): 68%+ depending on cost basis and construction type ADU cost per unit: Est. $120$200/sq. ft. (stick-built or prefab) ?? Local Market Insight: Investors are aggressively repositioning nearby properties with the same lot size and zoning converting SFRs into income-generating 4-plexes and 6-plexes. Recent comps in 90011 show similar properties selling post-development for $900k$1.25M+, especially if delivered fully leased. ? Why This Lot Stands Out: ?? Zoned R2 w/ flexible multi-unit build options ?? SB 9 eligible split the lot, double the density ?? 48 unit potential = high cash flow, big resale margin ?? Flat, buildable lot near USC, DTLA, Expo Line ?? Final Word: Whether youre a seasoned developer or first-time investor, this is your rare chance to acquire a multifamily development site with strong ROI, clear entitlement path, and tons of upside in South LAs hottest pocket.
Investor Goldmine in South LA R2 Zoning + SB 9 Opportunity! This oversized 5,434 sq. ft. LAR2 lot is a rare gem with massive development flexibility. Zoned R2, it allows up to 2 primary units by right, plus 1 full-size ADU (up to 1,200 sq. ft. and 1 Junior ADU delivering up to 4 legal rental units without needing a variance. But it gets even better: ? SB 9 Eligible: Qualifies for lot split under Californias SB 9 law. That means you could split into two parcels, build a duplex on each, and add ADUs up to 8 units total. ??? Development Summary: Current Zoning: LAR2 (Residential 2 Units by right) Lot Size: 5,434 sq. ft. Unit Potential (without SB9): 1 duplex + 1 ADU + 1 JADU = 4 units Unit Potential (with SB9 split): 2 duplexes + ADUs = up to 8 units Frontage & depth: Flat, rectangular lot with alley access = builder-friendly ?? Investment Snapshot: Average Rent (2-bed units in area): $2,200$2,500/month Full 4-unit config projected gross income: $105,000$115,000/yr 8-unit SB 9 config potential: $200,000+/yr gross rents Cap rate potential (renovated new build 48 unit): 68%+ depending on cost basis and construction type ADU cost per unit: Est. $120$200/sq. ft. (stick-built or prefab) ?? Local Market Insight: Investors are aggressively repositioning nearby properties with the same lot size and zoning converting SFRs into income-generating 4-plexes and 6-plexes. Recent comps in 90011 show similar properties selling post-development for $900k$1.25M+, especially if delivered fully leased. ? Why This Lot Stands Out: ?? Zoned R2 w/ flexible multi-unit build options ?? SB 9 eligible split the lot, double the density ?? 48 unit potential = high cash flow, big resale margin ?? Flat, buildable lot near USC, DTLA, Expo Line ?? Final Word: Whether youre a seasoned developer or first-time investor, this is your rare chance to acquire a multifamily development site with strong ROI, clear entitlement path, and tons of upside in South LAs hottest pocket.
Location
State CA
County Los Angeles
Area Los Angeles (90011)
Zoning Assessor
Interior
Heating Natural Gas
Exterior
Exterior Feature Stucco
Roof Type Composition
Building
Lot Description Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Monthly Total Fees $22
Space Rent $981
Listed by Helen Johnson • Dynamic Realty& Investments