1267 E 56th Street, Los Angeles (90011)
$1,295,000
0 
0
2,094
PROPERTY DETAILS
| Address: |
view address Los Angeles, CA 90011 Map Location |
Features: | Multi-level |
|---|---|---|---|
| Square Feet: | 2,094 sq.ft. | Lot Size: | 5392.0 |
| Year Built: | 1940 | Property Type: | Quadruplex |
| County: | Los Angeles | List Date: | 2024-02-19 |
| Listing Number: | SB24034558 | Listing Office: | 310-729-1559 |
PROPERTY DESCRIPTION
6.99% Cap Rate! 1267 E 56th St is a fantastic investment opportunity for any investor or owner/user in a vibrant area of South Los Angeles. This 4-plex with 2 new ADU units are operating close to a 7% Cap Rate with current tenants in place. Located in Historic South Central, this building boasts an excellent unit mix of (3) 1-Bed/1-Bath, and (1) 3-Bed/2- Bath, ideal for an owner/user. Highlighted by a massive 3-Bed/2-Bath front unit, this asset is ideal for an owner/user to live in a newly remodeled unit and cash flow from the remaining three. The offering presents any investor or owner/user the opportunity to acquire an incredible 4-Plex in one of LA�s quickly growing sub-pockets. Notably, two of the 1-Bed/1-Bath units are newly constructed ADUs, exempt from any rent control laws, adding a valuable element to this investment opportunity. The entire building has been renovated and rented out at strong rents and will operate at a 7% cap rate for an investor. 1267 E 56th St is located minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Arts District, as well as billions of dollars worth of development in Downtown LA.
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Interior
Features
| Laundry Features: | Inside | Laundry: | Yes |
Exterior
Pool and Spa
| Pool Features: | None |
Property and Lot Details
Features
| Community Features: | Park, Sidewalks, Curbs |
Other
| Sewer: | Public Sewer |
Fee
| Special Listing Conditions: | Standard |
Building Information
| Year Built: | 1940 | Stories: | 1 |
Lot
| Lot Dimensions: | 5392.0 |
Construction
| Building Area total: | 2094.0 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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