1267 E 56th Street
Los Angeles, CA 90011
- 6 beds
- – baths
- 2,094 sqft
- 5,392 sqft lot
- $596 per sqft
- 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.
Last checked:
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Last updated Dec 14, 2024
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MLS# CRSB24209241 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1940
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Building Area Units:Square Feet
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Building Area Total:2094
Room Dimensions
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Living Area:2094
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Living Area Units:Square Feet
Location
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Directions:West of Hooper
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Exterior Features:Other
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Parcel Number:5104018030
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Zoning:LAR2
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Lot Size Area:0.12
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Lot Size Acres:0.12
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Lot Size SqFt:5392
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Lot Size Units:Acres
Listing Agent
- Contact info:
- Agent phone:
- (310) 729-1559
Taxes
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Tax Tract:2291.00
Beds
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Bedrooms Total:6
The Listing
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Listing TermsCash
Appliances
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Laundry Features:Inside
The Community
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Association:false
Parking
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Parking Total:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/15/24
Oct 15, 2024
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Listed / Active | BRIDGE | $1,250,000 | 100.0% (60.9% / YR) |
|
2/20/24
Feb 20, 2024
|
Listed / Active | BRIDGE | ||
|
2/24/23
Feb 24, 2023
|
CRMLS_CA | $625,000 | -3.8% |
