$1,295,000
1267 56th Street, Los Angeles 90011
6
Beds
5
Baths
5,392
Lot Size
4
# Of Units
Listing Agent
Aaron Jacobson - Lyon Stahl Investment Real Estate, Inc.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.
Facts & Features
MLS® # | SB24034558 |
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Price | $1,295,000 |
Bedrooms | 6 |
Bathrooms | 5.00 |
Lot Size | 5,392 |
Year Built | 1940 |
Type | Residential Income |
Sub-Type | Quadruplex |
Status | Active |
# Of Units | 4 |
Community Information
Address | 1267 56th Street |
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Area | C42 - Downtown L.A. |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90011 |
Amenities
Parking Spaces | 2 |
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Is Waterfront | No |
Has Pool | No |
Pool | None |
Interior
Has Basement | No |
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Fireplace | No |
# of Stories | 1 |
Exterior
Lot Description | 0-1 Unit/Acre |
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Additional Information
Date Listed | February 19th, 2024 |
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Days on Market | 73 |
Zoning | LAR2 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Aaron Jacobson |
---|---|
Office | Lyon Stahl Investment Real Estate, Inc. |