1014 W 57th St - Apartments FOR SALE


Los Angeles, CA 90037- Vermont Harbor
$1,400,000 USD
916-996-4421
1014 W 57th St, Los Angeles, CA for Sale
$1,400,000 USD
Apartments - FOR SALE
1/5
null | 6.22% Cap Rate

1014 W 57th St
Los Angeles, CA 90037
Vermont Harbor


HIGHLIGHTS

  • Significant Rent-to-Market Upside: In-place rents are well below current market levels
  • Proximity to USC & Employment Hubs
  • 10.38 Market Cap Rate
  • $125,000 Price Per Unit

OVERVIEW

1014 W 57th St is a 12-unit multifamily property located in a high-demand South Los Angeles rental corridor near USC and major employment centers. Built in 1928, the 6,938-square-foot building sits on a 4,574-square-foot lot and features a highly efficient unit mix of eleven studios and one one-bedroom unit. The property is subject to rent control, yet current in-place rents remain materially below market, providing a clear and achievable value-add opportunity through natural lease turnover.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$202 USD /SF

# OF UNITS

12

PRICE/UNIT

$116,667

CAP RATE

6.22%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,556 SF

ZONING

RD1.5, Los Angeles

APN/PARCEL ID

5002-018-010

ASK ABOUT THIS PROPERTY

Taylor AvakianLyon Stahl Investment Real EstateMore Info
916-996-4421

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Taylor AvakianLyon Stahl Investment Real EstateMore Info
916-996-4421

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.