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1267 E 56th Street

Los Angeles, CA 90011

– beds
– baths
– sqft
5,392 sqft lot
1940 build
– on site

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.

Listed By CRMLS_CA / Aaron Jacobson / Lyon Stahl Investment Real Estate, Inc. / 310-729-1559

Last checked: Checking… • Last updated Oct 16, 2024 •

MLS# SB24209241 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1940
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

No Common Walls
Building Area Total:

2094.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

4
Stories Total:

1
# of Separate Gas Meters:

2
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Entry Location:

Front
Laundry:

Inside
Laundry:

1

Location

Directions:

West of Hooper
Latitude:

33.99233000
Longitude:

-118.25266100

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Zoning:

LAR2
Lot Features:

0-1 Unit/Acre
Lot Size Area:

5392.0000
Lot Size Acres:

0.1238
Lot Size SqFt:

5392.00
Lot Size Source:

Assessor
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

2291.00
Tax Tract:

1234
Tax Lot:

214

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5104018030
Showings Begin:

2024-10-15

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Biking, Dog Park, Ravine, Urban
Pool:

None
Private Pool:

No

Parking

Parking Spaces:

4.00
Uncovered Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/15/24 Oct 15, 2024	Listed / Active	CRMLS_CA	$1,250,000	100.0% (61.0% / YR)
2/20/24 Feb 20, 2024	Listed / Active	BRIDGE
2/24/23 Feb 24, 2023		CRMLS_CA	$625,000	-3.8%

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This multifamily located in South LA, Los Angeles, CA 90011 is currently for sale for $1,250,000. 1267 E 56th Street is a – square foot multifamily with – beds and – baths that has been on Estately for 37 days. 1267 E 56th Street is in the South LA neighborhood of Los Angeles and has a WalkScore® of 73, making it very walkable. This multifamily is in the attendance area of Thomas Jefferson Senior High, Hooper Avenue Elementary School, Santee Education Complex, Los Angeles Academy Middle School, Nava College Preparatory Academy, and Dr Maya Angelou Community Senior High.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 19:40 on Nov 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.