1050 W 57th Street, Los Angeles, CA 90037
Property
Sold September 2024
Listing Agent: Casey Lins (DRE #01902650) · Listing Office: Kidder Mathews of California, Inc. · Contact: 858-369-3010 · Bought with: Casey Lins · Kidder Mathews of California, Inc. · MLS #24394439 · Source: CRMLS
About this property
We are pleased to present 1050 W 57th St, a 5-unit Spanish-style apartment community located in the heart of Los Angeles. Operating at a 6.37% CAP and 10.11 GRM on current rents, with potential upsides to a 10.78% CAP and 6.81 GRM on pro-forma rents, the building provides a buyer with the ability to achieve a high cash-flow! The building consists of 1 two-bedroom unit and 4 three-bedroom units, along with four 1-car garages in the rear accessible by alley. With classic 1930's Spanish-style architecture throughout, the building provides a sense of character and desirability from the tenant community, which can be seen in the high rental amounts currently in the building and neighborhood. Contact the listing broker for additional information.
Listing description from the September 2024 sale, as reported to CRMLS.
Sale history