Seller's Agent in 2026
Sam Grayeli
BRC Advisors- BH
(310) 995-4650
1 in this area
5 Total Sales
1038 57th St Los Angeles, CA 90037
Vermont-Slauson Neighborhood
8
Beds
8
Baths
5,320
Sq Ft
9,118
Sq Ft Lot
About This Home
As of June 20261038 W. 57th Street, Los Angeles, CA 90037 presents a rare combination of stability, yield, and simplicity in a core infill Los Angeles location. This eight-unit multifamily property is comprised of eight (8) spacious 1-bedroom / 1-bathroomresidences and totals approximately 5,320 square feet of gross rentable area on a 9,115 square foot lot. The building is currently 100% occupied and operating with strong, consistent cash flow, anchored by Section 8 tenancy that supports dependable collections and reduced volatility relative to typical market-rate assets. Offered as a true stabilized hold, the property delivers immediate, in-place income with minimal operational disruption ideal for investors prioritizing durable cash flow from day one. The combination of full occupancy, proven rent performance, and Section 8 support creates a defensive income profile with inherently lower vacancy and credit risk. At a 9.35 GRM and a 7.43% cap rate, 1038 W. 57thStreet offers compelling going-in returns for an LA multifamily asset, positioning it as a strong alternative to lower-yield stabilized product while maintaining an attractive risk-adjusted profile. With a straightforward unit mix (all 1BR/1BA), efficient scale, and consistent performance, this asset is well-suited for both private investors and small-to-mid-sized operators seeking a low-friction acquisition with reliable income, long-term demand fundamentals, and meaningful yield in a supply-constrained rental market.
Last Agent to Sell the Property
BRC Advisors- BH License #01299288 Listed on: 03/04/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1928
Interior Spaces
- 5,320 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Additional Features
- 9,118 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Community Details
- 2 Buildings
- 8 Units
Listing and Financial Details
- Tenant pays for electricity, gas, cable TV
- The owner pays for gardener, water
- Assessor Parcel Number 5002-018-006
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Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/17/2026 06/17/26 | Sold | $1,585,000 | -0.6% | $298 / Sq Ft |
| 05/01/2026 05/01/26 | Pending | -- | -- | -- |
| 03/04/2026 03/04/26 | For Sale | $1,595,000 | -- | $300 / Sq Ft |
Source: The MLS
Agents Affiliated with this Home
-
Sam Grayeli
-
Ian Hollinger
Seller Co-Listing Agent in 2026
Ian Hollinger
BRC Advisors- BH
(213) 226-8700
1 in this area
15 Total Sales
-
Jonathan Weir
Buyer's Agent in 2026
Jonathan Weir
Marcus & Millichap
(310) 909-5500
1 in this area
79 Total Sales
Map
Source: The MLS
MLS Number: 26660031
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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