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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

    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.**

    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#: 23-305631MLS LogoOriginating 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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