1018 E 57th ST Los Angeles, CA 90011

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 pr