Request More Info
Schedule a Showing
Share
Print
|
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 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.
Property Type(s):
Residential Income
| Last Updated | 3/4/2026 | Year Built | 1928 |
|---|---|---|---|
| Community | C34 - Los Angeles Southwest | County | Los Angeles |
Additional Details
| APPLIANCES | Disposal, Refrigerator |
|---|---|
| AREA | C34 - Los Angeles Southwest |
| HEAT | Wall Furnace |
| INTERIOR | Ceiling Fan(s) |
| LOT | 9117 sq ft |
| LOT DIMENSIONS | 9118 |
| PARKING | None |
| STORIES | 1 |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with BRC Advisors- BH
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
Twitter
Facebook
Email