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1267 E 56Th Street

Los Angeles, CA 90011

$1,250,000

List Price

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1940

calendar_month Built

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.

Listing Information

List Price $1,250,000
Status Active
MLS SB24209241
Type Residential Income
Subtype Quadruplex
Year Built 1940
Lot Size 5,392
Structure Size N/A
DOM 1
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent Aaron Jacobson DRE#02100737

Interior Features

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Exterior Information

Maps

home_work Nearby Properties

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$700,000

king_bed N/A
shower N/A
straighten N/A
straighten 5,137
1212 E 54Th Street,

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king_bed 2
shower 1
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5400 Hooper Avenue,

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$3,915/month

king_bed 3
shower 2
straighten 1,830
straighten 5,111
1249 E 54Th Street,

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$680,000

king_bed N/A
shower N/A
straighten N/A
straighten 5,201
1386 E 55Th Street,

Los Angeles, CA 90011
Image

$2,499,999

king_bed N/A
shower N/A
straighten N/A
straighten 10,796
1366 E 57Th Street,

Los Angeles, CA 90011

Listing information courtesy of: Aaron Jacobson, Lyon Stahl Investment Real Estate, Inc. 310-729-1559. *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.