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Listed by Aaron Jacobson, DRE #02100737 • Lyon Stahl Investment Real Estate, Inc.
$ 1,295,000
Est. payment /mo
Active
211 E 55th ST Los Angeles, CA 90011
4,886 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26218695
Year Built 1912
Lot Size 4,886 Sqft
Source California Regional MLS
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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Laundry None
Exterior
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 5101013021
Special Listing Condition Not Applicable
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