Homes for sale - 1018 E 57th ST, Los Angeles, CA 90011

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25114727

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1906

Lot Size 5,431 Sqft

Property Sub-Type Duplex

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 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.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LAR2

Rooms

Other Rooms Two On A Lot

Interior

Heating Natural Gas

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Door-Single,Driveway,Garage

Garage Spaces 2.0

Garage Description 2.0

Fence Good Condition,Wrought Iron

Pool None

Community Features Sidewalks,Urban,Park

Utilities Available Electricity Connected,Natural Gas Connected,Water Connected

View Y/N No

View None

Roof Type Composition

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre,Landscaped,Near Park,Near Public Transit,Paved

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Craftsman

Level or Stories One

Additional Building Two On A Lot

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 5103015024

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Trust