840 W 52nd St, Los Angeles, CA 90037 - View 1
840 W 52nd St, Los Angeles, CA 90037 - View 2
840 W 52nd St, Los Angeles, CA 90037 - View 3

840 W 52nd St, Los Angeles, CA 90037

Sale Price: $1,025,000
May 6, 20245,195 sqft15 beds6 baths
Listed by: Sean Rosenzweig
License #: 01406343
Phone #: 213-943-1897
Marcus & Millichap
Source:
CRMLS Logo
MLS #: 24388361

Property Description

We are pleased to offer for sale a five-unit apartment community located at 840 West 52nd Street. The subject property is located north of Slauson Avenue and west of Hoover Street. This property is being sold as part of a 5 building, 79-unit portfolio that is available individually or any combination as a portfolio purchase.South Los Angeles is located south of Downtown Los Angeles. The subject property is located less than two miles from the University of Southern California and less than six miles from Downtown Los Angles. Situated on a 6,802 square foot parcel, the property is comprised entirely of three-bedroom units. The property has 58% remaining rental upside through unit renovations along with on-site parking for every unit. The proximity to major employers and freeway access for residents, along with the value-add potential for a new owner to continue improvements and achieve superior market rents moving forward, make 840 West 52nd Street an excellent acquisition opportunity.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$11,769

TurboHome Estimated Value

$1,017,300

$196 sqft

High Valuation
$1,068,165
$206/sqft
Normal Valuation
$1,017,300
$196/sqft
Low Valuation
$966,435
$186/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$196/sqft$1,017,300

Neighborhood: South Los Angeles

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Comparative Value

$1.02M

$1.06M

$1.25M

$1.40M

840 W 52nd St, Los Angeles, CA 90037

Sale Price: $1,025,000

Selected Comparable

1050 W 57th St, Los Angeles, CA 90037

Sale Price: $1,065,000

Selected Comparable

840 W 52nd St, Los Angeles, CA 90037

List Price: $1,250,000

Subject Property

850 W 83rd St, Los Angeles, CA 90044

Sale Price: $1,400,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
840 W 52nd St, Los Angeles, CA 90037

840 W 52nd St, Los Angeles, CA 90037

List: $1,250,000

Listed: 5/6/2024

Area:5,195 sqft
Price/sqft:$241
Beds:15
Baths:6
Year Built:
Lot Size:6,800

Comparable Properties

COMPARABLE
Choose comps
840 W 52nd St, Los Angeles, CA 90037

840 W 52nd St, Los Angeles, CA 90037

Sale: $1,025,000

11/6/20240.00 mi

Area:5,195 sqft
Price/sqft:$197
Beds:15
Baths:6
Year Built:
Weight:45.6%
850 W 83rd St, Los Angeles, CA 90044

850 W 83rd St, Los Angeles, CA 90044

Sale: $1,400,000

7/15/20252.18 mi

Area:6,524 sqft
Price/sqft:$215
Beds:14
Baths:6
Year Built:
Weight:28.5%
1050 W 57th St, Los Angeles, CA 90037

1050 W 57th St, Los Angeles, CA 90037

Sale: $1,065,000

9/18/20240.43 mi

Area:4,476 sqft
Price/sqft:$238
Beds:14
Baths:5
Year Built:
Weight:26.0%

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