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1061 W 57th St 12 Unit Apartment Building $2,356,508 CAD ($196,376 CAD/Unit) 6.56% Cap Rate Los Angeles, CA 90037
Investment Highlights
- Excellent current cap rate offering investor cash flow day one with huge upside potential
- Upside potential with rents well below market. Delivered with 4 vacancies.
- Great unit mix consisting of (1) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath and (3) Studio / 1 Bath units spread out over 6,997 square feet
- Strategically located in an area that has seen growth and is located in close proximity to the major business hubs of Los Angeles
Executive Summary
Part of a Portfolio! Can be sold individually or as a portfolio. 1061 W 57th St offers investors excellent in-place cash flow on day one with the benefit of additional upside in rents. The subject property offers an investor a great unit mix consisting of (1) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath and (3) Studio / 1 Bath units. The 6,997 square foot building sits on a 5,170 square foot lot that is zoned LARD2 and was built in 1929.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,356,508 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $196,376 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.56% | Building Size | 6,997 SF |
| Gross Rent Multiplier | 8.67 | Average Occupancy | 67% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | ||
| Zoning | LARD2 - restricted Density Multiple Dwelling | ||
| Price | $2,356,508 CAD |
| Price Per Unit | $196,376 CAD |
| Sale Type | Investment |
| Cap Rate | 6.56% |
| Gross Rent Multiplier | 8.67 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 6,997 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built | 1929 |
| Zoning | LARD2 - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Public Transportation
- Individual Locking Bedrooms
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 400 |
| 2+1 | 1 | - | 450 - 500 |
| 1+1 | 8 | - | 650 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5002-019-028 | Improvements Assessment | $1,565,741 CAD |
| Land Assessment | $822,012 CAD | Total Assessment | $2,387,753 CAD |
Property Taxes
Parcel Number
5002-019-028
Land Assessment
$822,012 CAD
Improvements Assessment
$1,565,741 CAD
Total Assessment
$2,387,753 CAD
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1061 W 57th St
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