131 E 57th Street, Los Angeles, CA 90011

About this property

131 E. 57th St. is a brand new, non rent controlled, 2022, modern duplex that consists of one 2-story duplex with an attached 3 car garage and one open stall, located in South Los Angeles. The building has a projected cap rate of 5.92%! The duplex consists of 5 bedrooms & 3 baths each (3,540 sqft total). Both units have an open floor plan, bringing in lots of natural light, tile flooring throughout common areas, large master bedrooms, laminate flooring throughout all bedrooms, big bathrooms, ample closet space, and in-unit washer & dryer hookups, making this perfect for investors looking to own a cash-flowing asset in Los Angeles.

Listing description from the December 2022 sale, as reported to CRMLS.

Sale history

$1,215,000

Sold December 2022 · listed $1,249,000, orig. $1,295,000, on market November 2022 · MLS #22214341 · Source: CRMLS

Listing Agent: Michael Fitzgerald · Listing Office: Power Brokers International · Contact: 310-402-5593 · Bought with: Peyman Zargari · MIP Investment Corp

$425,000

Sold October 2021 · listed $399,999, on market February 2021 · MLS #21697888 · Source: CRMLS

Listing Agent: Scott Greenberg · Listing Office: Equity Union · Contact: 424-600-7620 · Bought with: Isaac Davidi · On Track Property

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