1061 W 57th St - Apartments FOR SALE


Los Angeles, CA 90037- Vermont Harbor
$1,900,000 USD
310-729-1559
1061 W 57th St, Los Angeles, CA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/11
null | 6.42% Cap Rate

1061 W 57th St
Los Angeles, CA 90037
Vermont Harbor


HIGHLIGHTS

  • Excellent current cap rate offering investor cash flow day one with huge upside potential
  • Great unit mix consisting of (1) 2 Bed/1 Bath, (8) 1 Bed/1 Bath and (3) Studio/1 Bath units spread out over 6,997 square feet
  • Upside potential with rents well below market. Delivered with 1 vacancy
  • Strategically located in an area that has seen growth and is located in close proximity to the major business hubs of Los Angeles

OVERVIEW

The subject property is a 12 unit apartment building located in the South LA submarket of Los Angeles, on W 57th St, north of Slauson between Normandie and Vermont. Built in 1929, the property consists of (1) 2 Bed/1 Bath, (8) 1 Bed/1 Bath, and (1) Studio/1 Bath units that are spread out over 6,997 square feet. The building sits on a 5,170 square foot lot that is zoned LARD2. The property is in a transit oriented communities (Tier 3) area. The building is secured by a gate in both the front and the rear of the building. The building is subject to LA city rent control.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$272 USD /SF

# OF UNITS

12

PRICE/UNIT

$158,333

CAP RATE

6.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,166 SF

ZONING

LARD2

APN/PARCEL ID

5002-019-028

ASK ABOUT THIS PROPERTY

Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

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

Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

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