1267 E 56th ST Los Angeles, CA 90011
2,094 SqFt
UPDATED:
10/16/2024 01:29 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,094 sqft
Price per Sqft $596
MLS Listing ID SB24209241
HOA Y/N No
Year Built 1940
Lot Size 5,392 Sqft
Acres 0.1238
Property Description
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 at a 7.30% 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,
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 56thSt is located minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Arts District, as well as billions of dollars wroth of development in Downtown LA.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR2
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Biking, Dog Park, Ravine, Urban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5104018030
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
