12-Unit Apartment
For Sale
$1,250,000
1014 W 57th Street, Los Angeles, CA 90037
Separate electric meters serve each apartment.
Property Size6,938 SF
Price / SF$180.17
Days on Market21
Property Features for 1014 W 57th Street
General Information
Standard status
Active
Size
6,938 SF
Net Rentable
6,938 SF
Property subtype
Multifamily
Site & Location
Neighborhood
Vermont-Slauson
Units
Unit Mix
11 x studio, 1 x 1BR
Multifamily Units
12
Individually Metered Utilities
electricity
Building Details
Year Built
1928
Listing Agency:
KW Westside Estates
(310) 482-2200
Listed By:
Andres Diaz · License #01956479
(310) 623-1300
Source:
Lugobros
Added: Oct 9
Changed: Oct 28
Last Checked: Oct 28 at 3:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Westside Estates
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Investment Insights
Based on property information with market context.
This 12-unit apartment property contains eleven studio apartments and one one-bedroom apartment, with 6,938 rentable square feet in total. The building dates to 1928, and each unit has its own electric meter.
Located on W. 57th Street in South Los Angeles, the property offers a mix of studio and one-bedroom units within a single apartment building.
Located on W. 57th Street in South Los Angeles, the property offers a mix of studio and one-bedroom units within a single apartment building.
Key Highlights
- 12 apartments: eleven studios and one one‑bedroom unit
- 6,938 rentable square feet
- Each apartment has a separate electric meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,028
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,060,560
$2.1M
Cap Rate 7%
$1,471,829
$1.5M
Cap Rate 9%
$1,144,756
$1.1M
Market Conditions
NOI Build-Up for 6,938 SF
Gross rent
$188.6K $27.19/SF
− Vacancy
−$1.3K −$0.19/SF
EGI
$187.3K $27.00/SF
− OpEx
−$84.3K −$12.15/SF
NOI
$103.0K $14.85/SF
Area
ZIP 90037
Vacancy
0.70%
Lease Rate
$27.19 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,060,560
Cap Rate 7%
$1,471,829
Cap Rate 9%
$1,144,756
Alternative Uses
Best Use
Apartment 5plus
$1.47M
$1.29M – $1.72M
NOI $103,028 @ 7.0% cap · market cap 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,299 @ 7.0% cap · market cap 15.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,441
Businesses Nearby
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Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Separate electric meters serve each apartment.
Where is this apartment building located?
The property is located at 1014 W 57th Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 12 apartments: eleven studios and one one‑bedroom unit; 6,938 rentable square feet; Each apartment has a separate electric meter
