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… Read More 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson 310-729-1559
Listing Snapshot
Days Online
8
Last Updated
Property Type
Apartment
Lot Size
0.11 Acres
Year Built
1912
MLS Number
SB26218695
Additional Details
Building
Built in 1912, 1 building, 2 stories, Entry level: 1, Entry location: Front
Community
Curbs, Suburban, Sidewalks, Urban
Expenses
Operating: $59,199
Garage
4 spaces
Income
Gross Income: $157,824, Gross ScheduledIncome: $157,824, Net Operating Income: $93,890
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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