211 E 55th StreetLos Angeles, CA 90011

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.

Property Information

Property type

Residential Income

Sub-type

Apartment

Year built

1912

Stories

2

Building area

4,660 Sq Ft

Lot size

0.11 acres

Garage spaces

4

Parking spaces

4

Days on market

23

MLS^® Listing#

SB26218695

Property Features

Pool

None

Laundry

None

Community

Curbs · Suburban · Sidewalks

Sewer

Public Sewer

Water source

Public

Parcel number

5101013021

Directions

east of Main St and west of Avalon Blvd