2 Duplexes on 1 Lot! 1457 W 52nd St is a fully renovated, 100%-occupied four-unit investment in the Vermont Square pocket of South LA - a ~6,000 SF corner parcel holding two matching duplexes, each with a pair of 1-Bed/1-Bath units finished with new flooring, updated kitchens, a new roof,… Read More and all-new plumbing. Every unit is leased today at a current cap rate of 6.54%, generating approximately $57,678 in annual net operating income (about $4,807 a month before financing costs). The property currently operates at a strong 6.54% cap rate and an 11.11 GRM, offering a rare combination of healthy in-place income and future value-add potential. Expenses stay lean: ownership covers only water and sewer, while tenants handle gas, electric, and reimburse the city's SCEP/RSO fees directly. At $895,000, the property offers a strong entry pointfor a first-time investor and an easy addition to a growing portfolio alike. USC, Exposition Park, and Downtown LA are all close by, with easy access to the I-10, I-110, and I-405. Read Less
Courtesy of eXp Realty of California Inc 888-584-9427
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