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1014 W 57th St 12 Unit Apartment Building $1,500,000 ($125,000/Unit) 5.72% Cap Rate Los Angeles, CA 90037
EXECUTIVE SUMMARY
1014 W 57th St is a value-add South LA 12-unit apartment building offering significant rent-to-market upside, the ability to materially increase cash flow through stabilization, and long-term income growth in a high-demand workforce rental corridor.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $1,500,000 | Property Subtype | Apartment |
| Price Per Unit | $125,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.72% | Lot Size | 0.10 AC |
| Gross Rent Multiplier | 9.41 | Building Size | 6,938 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Zoning | RD1.5, Los Angeles | ||
| Price | $1,500,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 5.72% |
| Gross Rent Multiplier | 9.41 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 6,938 SF |
| No. Stories | 2 |
| Year Built | 1928 |
| Zoning | RD1.5, Los Angeles |
AMENITIES
UNIT AMENITIES
- Cable Ready
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | $1,085 | 550 - 600 |
| 1+1 | 6 | $1,352 | 750 |
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Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 5002-018-010 | Improvements Assessment | $568,684 |
| Land Assessment | $853,028 | Total Assessment | $1,421,712 |
PROPERTY TAXES
Parcel Number
5002-018-010
Land Assessment
$853,028
Improvements Assessment
$568,684
Total Assessment
$1,421,712
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1014 W 57th St
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