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1038 W 57th Street, Los Angeles, CA 90037

Los Angeles
Local realty services provided by:CENTURY 21 Coastal Properties
1038 W 57th Street,Los Angeles, CA 90037
$1,585,000
  • 8 Beds
  • 8 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: sam grayeli, ian hollinger
Office: brc advisors- bh
MLS#:26660031
Source:CRMLS

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Price summary

  • Price:$1,585,000

About this home

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...

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Home facts

  • Year built:1928
  • Listing ID #:26660031
  • Added:108 day(s) ago
  • Updated:June 21, 2026 at 07:26 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:8
  • Kitchen Description:Disposal, Refrigerator

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1928
  • Levels:1 Story

Finances and disclosures

  • Price:$1,585,000

Features and amenities

  • Appliances:Disposal
  • Amenities:Ceiling Fans
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Coastal Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Coastal Properties, a broker participant of California Regional MLS (Southern California). 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. The accuracy of all information, regardless of source, including but not limited to open house information, 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 California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Jennette Toderick

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