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1014 W 57th St 12 Unit Apartment Building $1,400,000 ($116,667/Unit) 6.22% Cap Rate Los Angeles, CA 90037
Investment Highlights
- Significant Rent-to-Market Upside: In-place rents are well below current market levels
- 10.38 Market Cap Rate
- Proximity to USC & Employment Hubs
- $125,000 Price Per Unit
Executive Summary
1014 W 57th St is a 12-unit multifamily property located in a high-demand South Los Angeles rental corridor near USC and major employment centers. Built in 1928, the 6,938-square-foot building sits on a 4,574-square-foot lot and features a highly efficient unit mix of eleven studios and one one-bedroom unit. The property is subject to rent control, yet current in-place rents remain materially below market, providing a clear and achievable value-add opportunity through natural lease turnover.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,400,000 | Property Subtype | Apartment |
| Price Per Unit | $116,667 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.22% | Lot Size | 0.10 AC |
| Gross Rent Multiplier | 8.78 | Building Size | 6,938 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Zoning | RD1.5, Los Angeles | ||
| Price | $1,400,000 |
| Price Per Unit | $116,667 |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| Gross Rent Multiplier | 8.78 |
| 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 | 11 | $10,648 | 550 - 600 |
| 1+1 | 1 | $1,916 | 750 |
1 1
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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