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1267 56th Street

Los Angeles, CA 90011

$1,295,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $618 / sqft

1940

calendar_month Built

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 1267 56th Street
City Los Angeles
State CA
Zip 90011
County Los Angeles
Listing Agent Aaron Jacobson DRE#02100737
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
MLS SB24034558
List Price $1,295,000
Status Active
Type Residential Income
Subtype Quadruplex
Structure Size N/A
Lot Size 5,392
Year Built 1940
DOM 49

Exterior Information

Maps

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Listing information courtesy of: Aaron Jacobson, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 7th, 2024 at 10:14 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.