1267 E 56Th Street, Los Angeles, CA 90011
-
Listed Price :
$1,250,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1940
Property Description
7.30% 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 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.
Interior Features
| Laundry Information |
| Location(s) |
Inside |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
1267 E 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. |
| List Price |
$1,250,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
5,392 |
| Year Built |
1940 |
Listing information courtesy of: Aaron Jacobson, Lyon Stahl Investment Real Estate, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 16th, 2024 at 1:29 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.
