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For sale
  • Listing Provided by: 

    Helen Johnson DRE #00912831 323-573-5800,

    Dynamic Realty& Investments,

    Tiffany McMurray DRE #01389251,

    Tiffany Anderson McMurray

    Price cut: $35K (7/1)
    $550,000

    1018 E 57th St, Los Angeles, CA 90011

    10beds
    3baths
    1,031sqft
    : 
    Duplex
    Built in 1906
    -- sqft lot
    $558,900 Zestimate®
    $533/sqft
    $-- HOA

    What's special

    Ample parkingGated for privacy
    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 California’s 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 4–8 unit): 6–8%+ 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 • 4–8 unit potential = high cash flow, big resale margin • Flat, buildable lot near USC, DTLA, Expo Line Final Word: Whether you’re 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 LA’s hottest pocket.
    65 days
    on Zillow
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    2,940
    |
    171
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    Zillow last checked: 7 hours ago

    Listing updated: July 13, 2025 at 12:00pm

    Listing Provided by:

    Helen Johnson DRE #00912831 323-573-5800,

    Dynamic Realty& Investments,

    Tiffany McMurray DRE #01389251,

    Tiffany Anderson McMurray

    Source: CRMLS,MLS#: SR25114727MLS LogoOriginating MLS: California Regional MLS
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    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 3
    Heating
    • Natural Gas
    Cooling
    • None
    Appliances
    • Laundry: None
    Features
    • Doors: Panel Doors
    • Windows: Wood Frames
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 1 Common Wall,No One Above,No One Below
    Interior area
    • Total structure area: 1,031
    • Total interior livable area: 1,031 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Door-Single, Driveway, Garage
    • Garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Entry location: ground
    • Pool features: None
    • Spa features: None
    • Fencing: Good Condition,Wrought Iron
    • Has view: Yes
    • View description: None
    Lot
    • Size: 5,434 Square Feet
    • Features: 0-1 Unit/Acre, Landscaped, Near Park, Near Public Transit, Paved
    Details
    • Additional structures: Two On A Lot
    • Parcel number: 5103015024
    • Zoning: LAR2
    • Special conditions: Trust

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Craftsman
    • Property subtype: Duplex
    • Attached to another structure: Yes
    Materials
    • Drywall, Stucco
    • Foundation: Raised
    • Roof: Composition
    Condition
    • Repairs Cosmetic
    • New construction: No
    • Year built: 1906

    Utilities & green energy

    • Electric: Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Water Connected

    Community & HOA

    Community
    • Features: Sidewalks, Urban, Park
    • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $533/sqft
    • Tax assessed value: $106,192
    • Annual tax amount: $1,545
    • Date on market: 5/22/2025
    • Listing terms: Cash to New Loan
    • Total actual rent: 1689
    • Tenant pays: Gas
    • Road surface type: Paved
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