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Updated: 03/26/12 

432 W 57th St. LOS ANGELES, CA 90037
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37% Below Base Market Value
Price:
Base Market Value:
$90,000

$141,837
PROPERTY INFORMATION
PHOTOS & MAP
MORE REAL ESTATE IN LOS ANGELES

MARKET LAB
SCATTER * PLOT
COMPARABLES
INSIDER INFO
BELL CHART
 
Key Comparable Statistics

Comparable Listings:
List Price -vs- :
Dollar Spread -vs- :
Price/Sq Ft -vs- :
Base Value -vs- :
House Sq Ft:
Bedrooms:
Bathrooms:
Lot Acreage:
Year Built:
Garage:
Pool:
Spa:
432 W 57TH ST

--
$90,000
$87,636
$73.89
$141,837
1218
2
1
0.12
1907
0
No
No
-vs- 90037

--
49.33% Below
--
49.66% Below
36.55% Below
4.5 Sqft Less
--
--
0.001 Acre More
Older than AVG
--
--
--
COMPARABLES IN 90037

11
$177,636
--
$147.09
--
1222.5
2.5
1.5
0.119
1908.5
0.6
0%
0%
 
Value Address Price Price/SQFT SQ FT Bed Bath Dist. Lot Size Year Built Compare 1 on 1 Exclude Save
528 WEST 51ST STREET X: $135,000 $113.35 1191 2 1 0.4mi 0.13 1907
817 W 56TH ST X: $142,000 $119.73 1186 2 2 0.4mi 0.12 1908
711 W 52ND PL X: $150,000 $128.21 1170 2 1 0.4mi 0.11 1910
440 W 57TH ST 37 A: $165,000 $126.44 1305 2 2 0.0mi 0.13 1906
625 W 49TH PL P: $170,000 $123.73 1374 2 1 0.6mi 0.10 1907
4818 S BUDLONG AVE 1 P: $175,000 $141.24 1239 3 1 1.1mi 0.13 1909
612 W 43RD PL X: $190,000 $157.94 1203 3 2 1.0mi 0.11 1908
706 W 52ND PL X: $203,000 $144.18 1408 3 1 0.4mi 0.14 1910
848 W 55TH ST X: $205,000 $171.98 1192 3 1 0.5mi 0.12 1910
833 W 56TH ST X: $209,000 $169.92 1230 3 2 0.4mi 0.12 1909
614 W 49TH PL X: $210,000 $221.29 949 3 2 0.6mi 0.10 1910
MM: Model Match   A: Active   E: Extended   C: Contingent   P: Pending   S: Sold   X: In-Active  
About 432 W 57th St and the Comparable Group of Properties in LOS ANGELES, 90037 :

The 11 LOS ANGELES, CA 90037 property listings in the chart above make up the comparable group of properties for the subject listing at 432 W 57th St, LOS ANGELES, CA 90037. These 11 homes have been collected because they are either for sale or recently sold within the last 6 months, and are termed "comparable properties" of 432 W 57th St because they have been found to be close matches in terms of property type, living square footage, lot size, year built, property amenities and proximity to the subject property at 432 W 57th St.
PropertyHookup.com has evaluated over 36 key features of these properties based on the fundamental components that make up real estate value. We compare and contrast the features of the subject property at 432 W 57th St with the individual value components of this peer group of comparable properties and determine a value of each of the key features. We then weight the value of each feature of 432 W 57th St and combine them to build a total estimated base valuation for the subject property. The base market value of $141,837 is a LOW WEIGHTED SUM of the values of these 36 individual key features.
The 1,218 square foot property located at 432 W 57th St in LOS ANGELES, CA 90037 features 2 bedrooms and 1 bathrooms on a 0.120 Acre parcel. The 1 story property was built in 1907 and has a price of $90,000 as of 03/26/12.
PropertyHookup.com's proprietary real estate software has identified current real estate data on the 11 similar comparable properties listed above that are located in the in the local LOS ANGELES, CA 90037 area. These 11 comparable properties have an average price of $177,636, feature an average living square footage of 1222.5 on a lot size of 0.12 built around 1909. These properties feature 2.5 bedrooms and 1.5 bathrooms priced at an average interior living space square footage price of $147.09 per square foot.
Now, when 432 W 57th St is compared to this peer group of 11 properties at an average price of $177,636, a Base Value of $141,837 and an average price per square foot of $147.09, the price of $90,000 at $73.89 per square foot for the property at 432 W 57th St represents a 37% difference. As in any transaction, a substantial discount in price may reflect the condition of the property, so be sure to conduct your inspections and due diligence and consult a real estate professional like the local real estate agent listed below before you make ANY purchase.
Comparable Market Analysis for 432 W 57th St and the Comparable Properties in LOS ANGELES, 90037 :

The 11 LOS ANGELES, CA 90037 property listings in the chart above compare to the subject listing at 432 W 57th St, LOS ANGELES, CA 90037 as follows:


-432 W 57th St features 1,218 square feet, 2 bedrooms and 1 bathrooms on a 0.120 Acre parcel lot built in 1907.


-The 11 comparable properties in LOS ANGELES, CA 90037 feature an average of 1222.5 square feet, 2.5 bedrooms and 1.5 bathrooms on an average 0.12 Acre parcel lot built around 1909.


-432 W 57th St is priced at $90,000 compared to its base value of $141,837 which represents a 37% difference in price versus base market value. We also compare the list price of $90,000 to the average price of $177,636 for these comparable properties in LOS ANGELES, 90037.


-432 W 57th St is currently priced at $73.89 per square foot compared to the group average of $147.09 for these comparable properties in LOS ANGELES, 90037.


Investors and home buyers can determine whether or not the property for sale at 432 W 57th St is a discounted real estate listing for sale based on the 11 comparable properties above and the spread in valuations between the current list price of $90,000, the comparable Base Market Value of 432 W 57th St at $141,837, and the overall average list price of $177,636 for similar comparable real estate properties for sale or recently sold in LOS ANGELES, 90037. Once the value spread is determined, you must estimate the total cost of repairs needed to bring the property up to a basic, clean, functional, livable and salable condition, (it's "Base" condition).


We recommend you contact the local LOS ANGELES, CA real estate professional listed below or one of our advertising/ partner members listed here on PropertyHookup.com to help you in your real estate investment venture. These professionals can provide you with added knowledge and expertise in the foreclosure/ investment/ fixer upper process. As always, we recommend you conduct your full due diligence, attend all property inspections and review a full property title report before purchasing any LOS ANGELES, CA investment property.
More about real estate in LOS ANGELES, 90037 :

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Please use the property's MLS #: 12-588567 or the designated PropertyHookup.com Property ID #: 4262664 for the real estate listing at 432 W 57th St in LOS ANGELES, CA 90037 when contacting the qualified local LOS ANGELES, CA real estate agent listed below or any real estate professional.
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