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Search Cali Homes Team
211 E 55th Street, Los Angeles, CA 90011
- $1,295,000
Listing courtesy of Listing Agent: Aaron Jacobson (aaron@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
- List Price
- $1,295,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- SB26218695
- Subtype
- Residential Income
- Year Built
- 1912
- Lot Size
- 4,886
- Acres
- 0.11
- MLS Area Major
- Downtown L.A. (C42)
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.
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Additional Information
- Pool Type
- None
- Garage Spaces
- 4
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.