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1038 W 57th Street, Los Angeles, CA 90037

Los Angeles
Local realty services provided by:CENTURY 21 Select Real Estate, Inc.
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:109 day(s) ago
  • Updated:June 22, 2026 at 06:33 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
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