211 E 55th Street is 9 units in South LA, and just a quick drive to all of the developments and community attractions at Exposition Park, USC and DTLA. Unit mix is (3) 2+1's, (4) 1+1's and (2) Singles. Large value add offering at only $132k per door, 11.87 GRM on current rents, and $256 per RSF. Substantial rental upside at 105%, conservatively, with a 5.82 GRM and 12.61% cap rate at stabilized rents. All units are separately metered for gas & electricity. Great opportunity for a long-term hold Buyer to capture upside and reposition the asset while getting in at a great pricing basis. Tenants enjoy easy access and mobility around LA by being blocks from the 110 Freeway entrance/exits. **This property is part of a 3-building portfolio with 1861 W MLK Jr Blvd (12 Units) and 709 E 49th Street (2 Units). All 3 can be bought together or separate.**
Sold for $950,000 on 03/29/24
$950,000
211 E 55th St, Los Angeles, CA 90011
3beds
3baths
--sqft
Multi Family
Built in 1912
-- sqft lot
$-- Zestimate®
$--/sqft
$2,785 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 31, 2024 at 04:07am
Listed by:
Jonathan Rawson DRE #02010400 310-869-9137,
Avenue Realty Group
Bought with:
Jonathan Rawson, DRE #02010400
Avenue Realty Group
Source: SDMLS,MLS#: 23-305631
Originating MLS: Beverly Hills/Greater LA

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Wall/Gravity
Interior area
- Total structure area: 0
Property
Features
- Levels: 2 Story
Lot
- Size: 4,887 sqft
- Dimensions: 40 x 122
Details
- Parcel number: 5101013021
- Zoning: LAR2
- Zoning description: LAR2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1912
Community & neighborhood
Location
- Region: Los Angeles
Services availability

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