211 E 55th ST, Los Angeles, CA 90011
211 E 55th ST, Los Angeles, CA 90011
211 E 55th ST, Los Angeles, CA 90011
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Chris & Courtney Cameron

Chris & Courtney Cameron

+1(619) 393-9338
$1,295,000
Est. payment /mo
10 Beds
9 Baths
4,660 SqFt
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,660 sqft

Price per Sqft $277

MLS Listing ID 26652631

Bedrooms 10

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1912

Lot Size 4,887 Sqft

Property Description

Large price improvement! Bring ALL offers on this well-kept and recently remodeled 9-unit apartment building located in the rapidly improving South Los Angeles pocket. The property is being offered at a lucrative $143k Price Per Unit with a desirable and balanced unit mix of (3) 2 Bed/1 Bath, (4) 1 Bed/1 Bath & (2) Large Studio Units, with on-site parking for 4 units. 6 of 9 units were recently remodeled, with 5 of 6 of those units getting in-place market rents. (1) recently renovated 1 Bed/1 Bath unit is vacant and move-in-ready for market rent, and another (1) 1 Bed/1 Bath unit is vacant and remodel ready for market rent. 8,06% current cap rate and 7.52x current GRM once the two vacant units are leased. 2 units are below market and offer approximately 140% future rental upside. All units are separately metered for gas & electricity. In addition to renovated units, the common area hallways have been renovated, the exterior has been repainted with new trim, electrical repairs, 9A work completed, and more. 211 E 55th St offers a central urban setting just minutes south of Downtown Los Angeles. The surrounding area features a mix of residential streets, local markets and neighborhood restaurants. South Los Angeles benefits from its strategic location with easy access to major freeways such as the I-10, I-110, and I-405, providing seamless connectivity to Downtown, employment hubs, and the greater Los Angeles area. The property is less than 2 miles from Exposition Park, the Natural History Museum, and the upcoming $1B Lucas Museum of Narrative Art (opening September 2026), 2.25 miles from USC, and just over 3 miles from Crypto.com Arena and the LA Convention Center, placing tenants close to some of Los Angeles' most iconic cultural and entertainment destinations.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR2

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Fireplace No

Laundry None

Exterior

Parking Features Assigned

Total Parking Spaces 4

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5101013021

Financing Cash

Special Listing Condition Standard

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Listed by Jonathan Rawson Avenue Realty Group #02010400

NEARBY SCHOOL & BUSINESS

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Chris & Courtney Cameron

Chris & Courtney Cameron

+1(619) 393-9338

Agent | Office DRE #02021421 | 01766250

Agent Office DRE #02021421 | 01766250

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211 E 55th ST