We are pleased to offer for sale a six unit apartment community located at 1557 West 52nd Street. The subject property is located just east of Western Avenue on 52nd Street within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 6,502 square foot parcel, the property is comprised studios, two-bedroom and four-bedroom units. There is 38% rental upside through interior renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue improvements and achieve superior future returns moving forward makes 1557 W 52nd Street an excellent acquisition opportunity. *The Subject Property is being marketed in conjunction with 5 other offerings. Each offering can be purchased individually or together. LA County Assessor Indicates that the Property has a Total of 2Beds/6Baths. Buyer to Verify Unit Configuration.
Property Details
Property Features
Property Information:
Year Built: 1936
Stories: 2
Living Area: 3,337 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Sean Rosenzweig
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 6
Lot Features
Lot Information:
Lot Size: 0.15 Acres
School Info
Assigned Schools Information:
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Barack Obama Global Preparation Academy, Public District Grades 6-8
Studio, Public District Grades 6-8
Western Avenue Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
Directions: East of Western Avenue & North of 52nd Street
Price Information
Listing Price Info
Price Summary:
List Price: $1,225,000
Price Per SqFt: $367/SqFt
Tax Information:
Annual Amount: $7,293
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $238.5K more than the Median Sold Price and $265/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24346955
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Sean Rosenzweig
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/2/2024, 4:25:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jan 23, 2003
Jan 23, 2003Home Sold
$228,000
Apr 22, 1999
Apr 22, 1999Home Sold
$288,500
May 27, 1998
May 27, 1998Home Sold
$140,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$7,293
$544,990
2020
$7,094
$539,403
2019
$7,018
$528,828
2018
$6,836
$518,460
2017
$6,836
$508,295
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
2
/10
Western Avenue Elementary School
1724 W 53rd St
Distance between this listing and this school0.19 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school6.58 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school19.45 miles
Public Magnet Grades KG-5
Middle School
2
/10
Barack Obama Global Preparation Academy
1700 W 46th St
Distance between this listing and this school0.49 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school8.48 miles
Public District Grades 6-8
High School
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school6.04 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school17.64 miles
Public Magnet Grades 9-12
Assigned Schools
2
/10
Western Avenue Elementary School
1724 W 53rd St
Distance between this listing and this school0.19 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school6.58 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school19.45 miles
Public Magnet Grades KG-5
Assigned Schools
2
/10
Barack Obama Global Preparation Academy
1700 W 46th St
Distance between this listing and this school0.49 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school8.48 miles
Public District Grades 6-8
Nearby Schools
2
/10
John Muir Middle School
5929 S Vermont Ave
Distance between this listing and this school0.92 miles
Public Magnet Grades 6-8
Assigned Schools
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school6.04 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school17.64 miles
Public Magnet Grades 9-12
Nearby Schools
2
/10
Assurance Learning Academy
5701 S Western Ave
Distance between this listing and this school0.43 miles
The neighbors living near this home have an average income of $25,000. The most common annual income of people living in Los Angeles, CA is less than $35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1557 W 52nd St
What is the listing price of this property?
The listing price of 1557 W 52nd St property is $1,225,000.
What type of property is this?
The property 1557 W 52nd St is a house located in Los Angeles, California, 90062.
Is this property for sale now?
Active Listing: 1557 W 52nd St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1557 W 52nd St are: Western Avenue Elementary School: GreatSchools Rating 2/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Point Fermin Elementary School: GreatSchools Rating 6/10Barack Obama Global Preparation Academy: GreatSchools Rating 2/10Studio: GreatSchools Rating 4/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $7,293 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on January 23, 2003 for $228,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1557 W 52nd St has 6 bedrooms and 4 bathrooms.
What is the square footage of this property?
The property 1557 W 52nd St is 3,337 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1557 W 52nd St is 1936.
This home is located at 1557 W 52nd St in Los Angeles, CA and zip code 90062 in the South LA neighborhood. This 3,337 square foot home, which was built in 1936, sits on a 0.15 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 12, 2024 and is currently priced at $1,225,000.
In April 2024, from all listings sold in Los Angeles, CA there were more than 701 sold above asking price, over 629 sold below and more than 204 were sold right at the asked price. In April 2024 in Los Angeles, CA there were 14.9% more homes for sale than in March 2024. In April 2024 median list price was $986,427 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.