1014 W 57th St, Los Angeles, CA 90037

Property Overview

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1014 W 57th St is a 12-unit multifamily property located in a high-demand South Los Angeles rental corridor near USC and major employment centers. Built in 1928, the 6,938-square-foot building sits on a 4,574-square-foot lot and features a highly efficient unit mix of eleven studios and one one-bedroom unit. The property is subject to rent control, yet current in-place rents remain materially below market, providing a clear and achievable value-add opportunity through natural lease turnover.

Offered at $1,400,000 ($116,667 per unit / $202 per square foot), the asset currently operates at a 6.22% cap rate with the potential to stabilize at a projected 11.21% cap rate as rents are brought to market and income is seasoned. Upon stabilization, the property is projected to generate over $156,000 in net operating income, supporting strong cash flow, refinance potential, and an attractive exit as a stabilized 12-unit asset in a supply-constrained South Los Angeles submarket.

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Key Property Details

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• ‍Location: 1014 W 57th St, Los Angeles, CA 90037
• ‍Lot Size: 4,574 square feet
• ‍Total Building Area: 6,938 square feet
• ‍Units: 12 (11 × Studios, 1 × 1BR/1BA)
• ‍Zoning: LARD1.5
• ‍Year Built: 1928
• ‍Rent Control: Yes (RSO)

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Investment Highlights

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• ‍Significant Rent-to-Market Upside: In-place rents are well below current market levels, particularly across the studio units, allowing for substantial income growth through lease turnover.
• ‍Cash Flow Growth Through Stabilization: Higher unit count provides income diversification, operational scale, and stronger long-term value compared to smaller assets.
• ‍Large-Scale 12-Unit Asset: Higher unit count provides income diversification, operational scale, and stronger long-term value compared to smaller assets.
• ‍Refinance & Equity Recapture Potential: Improved NOI upon stabilization may support a refinance at a higher valuation, allowing investors to return capital while retaining ownership.
• ‍Attractive Exit as a Stabilized Asset: Stabilized 12-unit properties near USC are highly sought after by local investors and 1031 exchange buyers, supporting liquidity and cap rate compression.
• ‍Proximity to USC & Employment Hubs: Location near USC supports durable renter demand from students, staff, and workforce tenants.

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Neighborhood and Accessibility

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Situated just southwest of the University of Southern California, 1014 W 57th St offers tenants convenient access to USC, Downtown Los Angeles, and major transit and freeway corridors. The surrounding area continues to benefit from steady renter demand driven by affordability, proximity to employment centers, and limited new multifamily supply, supporting long-term occupancy and rent growth.

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl