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1014 W 57th St 12 Unit Apartment Building $1,857,708 CAD ($154,809 CAD/Unit) 6.54% Cap Rate Los Angeles, CA 90037
Investment Highlights
- Priced at $112,500 Per Unit
- Located in South LA
- Almost Entirely Studio Units
- Approximately 25% Rental Upside
- Offered at $194 Per Square Foot
Executive Summary
1014 W. 547th Street is a 12-unit apartment building located in South Los Angeles. The opportunity consists of eleven (11) studio units and one (1) one-bedroom unit spread across 6,938 rentable square feet. Each unit is separately metered for electricity which will limit the overall operating costs for a new owner. Lastly, there is approximately 25% rental upside that can be achieved as units turnover.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$223,272
|
$32.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,699
|
$0.97
|
| Effective Gross Income |
$216,573
|
$31.22
|
| Taxes |
$23,461
|
$3.38
|
| Operating Expenses |
$71,851
|
$10.36
|
| Total Expenses |
$95,311
|
$13.74
|
| Net Operating Income |
$121,262
|
$17.48
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $223,272 |
| Annual Per SF | $32.18 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,699 |
| Annual Per SF | $0.97 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $216,573 |
| Annual Per SF | $31.22 |
| Taxes (CAD) | |
|---|---|
| Annual | $23,461 |
| Annual Per SF | $3.38 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $71,851 |
| Annual Per SF | $10.36 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $95,311 |
| Annual Per SF | $13.74 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $121,262 |
| Annual Per SF | $17.48 |
Property Facts
| Price | $1,857,708 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $154,809 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 6.54% | Building Size | 6,938 SF |
| Gross Rent Multiplier | 8.32 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | ||
| Zoning | RD1.5, Los Angeles | ||
| Price | $1,857,708 CAD |
| Price Per Unit | $154,809 CAD |
| Sale Type | Investment |
| Cap Rate | 6.54% |
| Gross Rent Multiplier | 8.32 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 6,938 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1928 |
| Zoning | RD1.5, Los Angeles |
Amenities
Unit Amenities
- Cable Ready
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | $1,522 CAD | 550 |
| 1+1 | 1 | $1,860 CAD | 700 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5002-018-010 | Total Assessment | $1,956,390 CAD |
| Land Assessment | $1,173,835 CAD | Annual Taxes | $23,461 CAD ($3.38 CAD/SF) |
| Improvements Assessment | $782,555 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5002-018-010
Land Assessment
$1,173,835 CAD
Improvements Assessment
$782,555 CAD
Total Assessment
$1,956,390 CAD
Annual Taxes
$23,461 CAD ($3.38 CAD/SF)
Tax Year
2025
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1014 W 57th St
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