$1,595,000

1038 W 57th Street, Los Angeles, CA 90037

8 beds |
8 baths |
5,320 sqft

Multi-Family Home
Built in 1928
9,117sqft lot
—— car garage
$300/sqft
Listed 6 days ago

Property Description

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.

Listing Status:: Active
Date Added:: March 4, 2026
Data Last Updated:: March 10, 2026 at 10:20PM
Listing Office:: BRC Advisors- BH :
Listing Agent:: Sam Grayeli : 310-525-3711
MLS ID:: 26660031

General: Ceiling Fan(s)
Appliances: DisposalRefrigerator
Laundry: None
Heating: Wall Furnace

Parking: Parking spaces: 0

General: 1

Originating MLS: CRMLS_CL
County: Los Angeles

Zoning: LARD1.55002018006

Source: CRMLS_CL

This listing courtesy of Sam Grayeli , BRC Advisors- BH

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Budlong Avenue Elementary School

5940 S Budlong Ave, Los Angeles, CA, 90044

Grades KG-5

0.28 miles away

John Muir Middle School

5929 S Vermont Ave, Los Angeles, CA, 90044

Grades 6-8

0.26 miles away

Augustus F. Hawkins High School - Responsible Indigenous Social Entrepreneurship

825 W 60th St, Los Angeles, CA, 90044

Grades 9-12

0.38 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.