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1014 W 57th St 12 Unit Apartment Building $1,350,000 ($112,500/Unit) 6.54% Cap Rate Los Angeles, CA 90037
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.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$162,252
|
$23.39
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,868
|
$0.70
|
| Effective Gross Income |
$157,384
|
$22.68
|
| Taxes |
$17,049
|
$2.46
|
| Operating Expenses |
$52,214
|
$7.53
|
| Total Expenses |
$69,263
|
$9.98
|
| Net Operating Income |
$88,121
|
$12.70
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $162,252 |
| Annual Per SF | $23.39 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,868 |
| Annual Per SF | $0.70 |
| Effective Gross Income | |
|---|---|
| Annual | $157,384 |
| Annual Per SF | $22.68 |
| Taxes | |
|---|---|
| Annual | $17,049 |
| Annual Per SF | $2.46 |
| Operating Expenses | |
|---|---|
| Annual | $52,214 |
| Annual Per SF | $7.53 |
| Total Expenses | |
|---|---|
| Annual | $69,263 |
| Annual Per SF | $9.98 |
| Net Operating Income | |
|---|---|
| Annual | $88,121 |
| Annual Per SF | $12.70 |
Property Facts
| Price | $1,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $112,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 6.54% | Building Size | 6,938 SF |
| Gross Rent Multiplier | 8.32 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | ||
| Zoning | RD1.5, Los Angeles | ||
| Price | $1,350,000 |
| 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 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5002-018-010 | Total Assessment | $1,421,712 |
| Land Assessment | $853,028 | Annual Taxes | $17,049 ($2.46/SF) |
| Improvements Assessment | $568,684 | Tax Year | 2025 |
Property Taxes
Parcel Number
5002-018-010
Land Assessment
$853,028
Improvements Assessment
$568,684
Total Assessment
$1,421,712
Annual Taxes
$17,049 ($2.46/SF)
Tax Year
2025
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1014 W 57th St
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