1061 W 57th St - Apartments FOR SALE


Los Angeles, CA 90037- Vermont Harbor
$1,695,000 USD
310-467-7581
1061 W 57th St, Los Angeles, CA for Sale
$1,695,000 USD
Apartments - FOR SALE
1/11
null | 6.56% 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 4 vacancies.
  • Strategically located in an area that has seen growth and is located in close proximity to the major business hubs of Los Angeles

OVERVIEW

Part of a Portfolio! Can be sold individually or as a portfolio. 1061 W 57th St offers investors excellent in-place cash flow on day one with the benefit of additional upside in rents. The subject property offers an investor a great unit mix consisting of (1) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath and (3) Studio / 1 Bath units. The 6,997 square foot building sits on a 5,170 square foot lot that is zoned LARD2 and was built in 1929.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$242 USD /SF

# OF UNITS

12

PRICE/UNIT

$141,250

CAP RATE

6.56%

% LEASED

67%

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

Peter JamesLyon Stahl Investment Real EstateMore Info
310-467-7581

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

Peter JamesLyon Stahl Investment Real EstateMore Info
310-467-7581

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