1038 W. 57th Street, Los Angeles, CA 90037 presents a rare combination of stability, yield, and simplicity in a core infill Los Angeles location. This eight-unit multifamily property is comprised of eight (8) spacious 1-bedroom / 1-bathroomresidences and totals approximately 5,320 square feet of gross rentable area on a 9,115… Read More square foot lot. The building is currently 100% occupied and operating with strong, consistent cash flow, anchored by Section 8 tenancy that supports dependable collections and reduced volatility relative to typical market-rate assets. Offered as a true stabilized hold, the property delivers immediate, in-place income with minimal operational disruption ideal for investors prioritizing durable cash flow from day one. The combination of full occupancy, proven rent performance, and Section 8 support creates a defensive income profile with inherently lower vacancy and credit risk. At a 9.35 GRM and a 7.43% cap rate, 1038 W. 57thStreet offers compelling going-in returns for an LA multifamily asset, positioning it as a strong alternative to lower-yield stabilized product while maintaining an attractive risk-adjusted profile. With a straightforward unit mix (all 1BR/1BA), efficient scale, and consistent performance, this asset is well-suited for both private investors and small-to-mid-sized operators seeking a low-friction acquisition with reliable income, long-term demand fundamentals, and meaningful yield in a supply-constrained rental market. Read Less
Property listed by BRC Advisors- BH, Sam Grayeli 310-259-7556
Listing Snapshot
Days Online
8
Last Updated
Beds
8
Square Ft.
5,320
Lot Size
0.21 Acres
Year Built
1928
MLS Number
26660031
Additional Details
Appliances & Equipment
Disposal, Refrigerator
Building
Built in 1928, Living area: 5320.0, 2 buildings, Levels: One
Heating
WallFurnace
Income
Gross Income: $168,516, Net Operating Income: $116,814
Interior Features
CeilingFans
Laundry
None
Lot
0.2093 acres
Parking
None
Taxes
Parcel Number: 5002018006, Zoning: LARD1.5
Tenant Pays
CableTv, Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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