1018 E 57th Street, Los Angeles, CA

About 1018 E 57th Street

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 Californias 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 48 unit): 68%+ 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

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