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$1,295,000
Est. payment /mo
4,887 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26218695
HOA Y/N No
Year Built 1912
Lot Size 4,887 Sqft
Property Sub-Type Apartment
Property Description
211 E 55th St presents an attractive opportunity to acquire a 9-unit multifamily investment opportunity in Los Angeles, offered at $1,295,000. The property features a desirable unit mix of (2) Studios, (6) 1 Bed/1 Bath, and (1) 2 Bed/1 Bath Units, complimented by 4 on-site parking spaces. The property offers strong, in-place returns with a 7.25% Cap Rate and 8.21 GRM, providing investors with an attractive day one-yield. Pro forma rents
reflect a 17.51% increase in scheduled income, highlighting meaningful value-add upside. Additionally, one currently vacant unit provides an opportunity to generate additional rental income and further enhance overall returns. Ideally situated in Los Angeles, CA 90011, the property benefits from proximity to major employment centers, retail corridors, and public transportation, making it an attractive investment in an established rental market.
reflect a 17.51% increase in scheduled income, highlighting meaningful value-add upside. Additionally, one currently vacant unit provides an opportunity to generate additional rental income and further enhance overall returns. Ideally situated in Los Angeles, CA 90011, the property benefits from proximity to major employment centers, retail corridors, and public transportation, making it an attractive investment in an established rental market.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Suburban, Sidewalks, Urban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5101013021
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Special Listing Condition Standard
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Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559, DRE #02100737
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