1026-1036 W 57th St - Apartments FOR SALE


Los Angeles, CA 90037- Vermont Harbor
$1,650,000 USD
310-993-7600
1026-1036 W 57th St, Los Angeles, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/12
null | 7.06% Cap Rate

1026-1036 W 57th St
Los Angeles, CA 90037
Vermont Harbor


HIGHLIGHTS

  • Charming garden-style building with lush landscaping
  • Desirable unit mix of ten 1-bedroom units and one 3-bedroom unit
  • Going-in cap rate of 7.06%, with upside to 10.63%
  • Price per unit: $150,000 | 8.76 GRM
  • Day-one cash-on-cash return of 9.63%

OVERVIEW

The Mogharebi Group is proud to present for sale an 11-unit apartment community in South Los Angeles. Built in 1949, the property is a charming garden-style apartment building featuring lush landscaping and a tranquil central courtyard. The unit mix consists of ten 1-bedroom, 1-bath units and one 3-bedroom, 1.5-bath unit. The property contains approximately 8,238 square feet of improvements on a 12,117 square foot lot. Located at 1026–1036 W. 57th Street, the property sits just north of Slauson Boulevard and west of Vermont Avenue. The location offers convenient access to Downtown Los Angeles, Inglewood, and Huntington Park.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$200 USD /SF

# OF UNITS

11

PRICE/UNIT

$150,000

CAP RATE

7.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Gardens Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,117 SF

ZONING

LARD1.5

APN/PARCEL ID

5002-018-007

ASK ABOUT THIS PROPERTY

Peter StraussThe Mogharebi GroupMore Info
310-993-7600

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Peter StraussThe Mogharebi GroupMore Info
310-993-7600

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