1038 W 57th St - Apartments FOR SALE


Los Angeles, CA 90037- Vermont Harbor
$1,595,000 USD
310-525-3711
1038 W 57th St, Los Angeles, CA for Sale
$1,595,000 USD
Apartments - FOR SALE
1/5
null | 7.32% Cap Rate

1038 W 57th St
Los Angeles, CA 90037
Vermont Harbor


HIGHLIGHTS

  • Eight spacious 1-bedroom/1-bath units and appealing to a broad renter base and supporting stable occupancy.
  • Six out of the eight units have been renovated, providing a turnkey investment profile and minimizing near-term capital expenditure requirements.
  • Recent upgrades include newer exterior paint, updated lighting, and new building and unit identification, and security cameras enhancing curb appeal.
  • Each unit is separately metered for gas and electricity, allowing for efficient utility management and improved operating expense control.
  • Located within a strong rental demand market, supported by a dense residential population and long-term housing fundamentals.
  • Proximity to major employment centers and transportation corridors, providing convenient access throughout the greater Los Angeles.

OVERVIEW

BRC Advisors is offering an eight unit 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-bathroom residences 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. 57th Street 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 investors and small-to-mid-sized operators seeking a low-friction acquisition with reliable income, long-term demand fundamentals, and meaningful yield in a supply-constrained rental market. Offering Memorandum provided in LoopNet Listing. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS 2) Interior Inspection/Books & Records Granted with an Accepted Offer. 3) Submit Proof of Funds & Pre-Qualification Letter with Offer. Broker/agent do not guarantee the accuracy of the square footage, lot size, development potential, or any other information concerning the conditions or features of the property provided by the Seller or obtained from public records or other sources. Buyer is advised to independently verify and complete own due diligence to verify accuracy of all information through physical and personal inspections and with appropriate professionals. Sellers are licensed real estate broker in the state of California.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

8

PRICE/UNIT

$199,375

CAP RATE

7.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 UNITS LA - 7.32% CAP & 9.46 GRM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,116 SF

ZONING

LARD1.5

APN/PARCEL ID

5002-018-006

ASK ABOUT THIS PROPERTY

Sam GrayeliBRC Advisors - BH, Inc.More Info
310-525-3711

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Sam GrayeliBRC Advisors - BH, Inc.More Info
310-525-3711

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