211 E 55Th Street, Los Angeles, CA 90011
-
Listed Price :
$1,795,000
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Beds :
9
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Baths :
9
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Property Size :
4,660 sqft
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Year Built :
1912
Property Description
Rare opportunity to buy a building with 6 of 9 units delivered VACANT, giving a Buyer endless rental possibilities to hand pick their own tenants and generate substantial Day 1 cashflow! Diverse and top-heavy unit mix with (3) 2 Bed/1 Bath, (4) 1 Bed/1 Bath, and (2) Studio units. Of the 6 vacancies, 3 of them are remodeled and Section 8 move-in-ready, with the other 3 ready for a Buyer to renovate to their preference! Of the 3 occupied units, one (Unit #4, 1 Bed/1 Bath), has been remodeled and leased to Section 8 for $2,407/month! In addition to 4 renovated units, the building has undergone remodeled hallways & common areas, electrical repairs, and all 9A work (i.e. EQ shut off valves, carbon and smoke monoxide detectors, water heater strapping and low flush toilets) has been completed. The property is separately metered for gas & electricity, and, with no on-site laundry room, common area utilities will remain low to help sustain a great NOI. Tenants are just a close 2 miles away from the evolving Exposition Park that now features The Lucas Museum of Narrative Art to go along with BMO Stadium, LA Coliseum, California Science Center & Natural History Museum, and USC's campus.
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
9 |
| Bathroom Information |
| Bathrooms |
9 |
Listing Information
| Address |
211 E 55Th Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90011 |
| County |
Los Angeles |
| Listing Agent |
Jonathan Rawson DRE #02010400 |
| Courtesy Of |
Avenue Realty Group |
| List Price |
$1,795,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
4,660 |
| Lot Size |
4,888 |
| Year Built |
1912 |
Listing information courtesy of: Jonathan Rawson, Avenue Realty Group. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 21st, 2025 at 9:08 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.
