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Active
1038 W 57th Street Los Angeles, CA 90037
5,320 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,320 sqft
Price per Sqft $299
MLS Listing ID CL26660031
HOA Y/N No
Year Built 1928
Lot Size 9,118 Sqft
Acres 0.21
Property Sub-Type Other
Property Description
1038 W. 57th Street, Los Angeles, CA 90037 presents a rare combination of stability, yield, and simplicity in a core infill Los Angeles location. This eight-unit multifamily property is comprised of eight (8) spacious 1-bedroom / 1-bathroomresidences and totals approximately 5,320 square feet of gross rentable area on a 9,115 square foot lot. The building is currently 100% occupied and operating with strong, consistent cash flow, anchored by Section 8 tenancy that supports dependable collections and reduced volatility relative to typical market-rate assets. Offered as a true stabilized hold, the property delivers immediate, in-place income with minimal operational disruption ideal for investors prioritizing durable cash flow from day one. The combination of full occupancy, proven rent performance, and Section 8 support creates a defensive income profile with inherently lower vacancy and credit risk. At a 9.35 GRM and a 7.43% cap rate, 1038 W. 57thStreet offers compelling going-in returns for an LA multifamily asset, positioning it as a strong alternative to lower-yield stabilized product while maintaining an attractive risk-adjusted profile. With a straightforward unit mix (all 1BR/1BA), efficient scale, and consistent performance, this asset is well-suited for both private inves
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Wall Furnace
Fireplace No
Laundry No Hookups
Building
New Construction No
Others
Tax ID 5002018006
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Listed by Sam Grayeli • BRC Advisors- BH
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