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1014 W 57th St
Los Angeles, CA 90037
Multifamily Property For Sale
·
12 Units
Investment Highlights
- Priced at $112,500 Per Unit
- Located in South LA
- Almost Entirely Studio Units
- Approximately 25% Rental Upside
- Offered at $194 Per Square Foot
Executive Summary
1014 W. 547th Street is a 12-unit apartment building located in South Los Angeles. The opportunity consists of eleven (11) studio units and one (1) one-bedroom unit spread across 6,938 rentable square feet. Each unit is separately metered for electricity which will limit the overall operating costs for a new owner. Lastly, there is approximately 25% rental upside that can be achieved as units turnover.
Property Facts
| Price Per Unit | $112,500 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.54% | Lot Size | 0.10 AC |
| Gross Rent Multiplier | 8.32 | Building Size | 6,938 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1928 |
| Zoning | RD1.5, Los Angeles | ||
| Price Per Unit | $112,500 |
| Sale Type | Investment |
| Cap Rate | 6.54% |
| Gross Rent Multiplier | 8.32 |
| 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 |
| Average Occupancy | 100% |
| 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 | $1,106 | 550 |
| 1+1 | 1 | $1,352 | 700 |
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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