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The Gardens Apartments 1026-1036 W 57th St 11 Unit Apartment Building $2,261,176 CAD ($205,561 CAD/Unit) 7.06% Cap Rate Los Angeles, CA 90037
Investment Highlights
- Charming garden-style building with lush landscaping
- Going-in cap rate of 7.06%, with upside to 10.63%
- Day-one cash-on-cash return of 9.63%
- Desirable unit mix of ten 1-bedroom units and one 3-bedroom unit
- Price per unit: $150,000 | 8.76 GRM
Executive Summary
The Mogharebi Group is proud to present for sale an 11-unit apartment community in South Los Angeles. Built in 1949, the property is a charming garden-style apartment building featuring lush landscaping and a tranquil central courtyard. The unit mix consists of ten 1-bedroom, 1-bath units and one 3-bedroom, 1.5-bath unit. The property contains approximately 8,238 square feet of improvements on a 12,117 square foot lot. Located at 1026–1036 W. 57th Street, the property sits just north of Slauson Boulevard and west of Vermont Avenue. The location offers convenient access to Downtown Los Angeles, Inglewood, and Huntington Park.
Property Facts
| Price | $2,261,176 CAD | Property Subtype | Apartment |
| Price Per Unit | $205,561 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.06% | Lot Size | 0.28 AC |
| Gross Rent Multiplier | 8.79 | Building Size | 8,238 SF |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1949 |
| Zoning | LARD1.5 - Multi Family Dwelling | ||
| Price | $2,261,176 CAD |
| Price Per Unit | $205,561 CAD |
| Sale Type | Investment |
| Cap Rate | 7.06% |
| Gross Rent Multiplier | 8.79 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 8,238 SF |
| No. Stories | 2 |
| Year Built | 1949 |
| Zoning | LARD1.5 - Multi Family Dwelling |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 527 |
| 2+1 | 1 | - | 800 |
| 3+2 | 1 | - | 1,309 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5002-018-007 | Improvements Assessment | $773,392 CAD |
| Land Assessment | $306,892 CAD | Total Assessment | $1,080,284 CAD |
Property Taxes
Parcel Number
5002-018-007
Land Assessment
$306,892 CAD
Improvements Assessment
$773,392 CAD
Total Assessment
$1,080,284 CAD
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The Gardens Apartments | 1026-1036 W 57th St
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