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
Courtesy of BRC Advisors- BH
Listing Snapshot
Days Online
5
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,320
Lot Size
0.21 Acres
Year Built
1928
MLS Number
26660031
Additional Details
Appliances & Equipment
Ceiling Fan, Garbage Disposal, Refrigerator
Building
5,320 sq ft, Built in 1928, Levels: One
Cooling
Ceiling Fan
Disclosures
None
Garage
None
Heating
Wall
Laundry
None
Lot
LotAcreage: 0.2093, LotSizeArea: 9,118
Parking
TotalParking: 0
Property
NumberOfUnits: 8, Zoning: LARD1.5
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