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.
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
Est.:
Duplex
Built in 1906
-- sqft lot
$558,900 Zestimate®
$533/sqft
$-- HOA
What's special
Ample parkingGated for privacy
- 65 days
- on Zillow |
- 2,940 |
- 171 |
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#: SR25114727
Originating MLS: California Regional MLS

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Tour with a buyer's agent
Tour with a buyer's agent
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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