6.99% Cap Rate!rrn1267 E 56th St is a fantastic investment opportunity for anyrrninvestor or owner/user in a vibrant area of South LosrrnAngeles. This 4-plex with 2 new ADU units are operatingrrnclose to a 7% Cap Rate with current tenants in place.rrnLocated in Historic South Central, this building boasts anrrnexcellent unit mix of (3) 1-Bed/1-Bath, and (1) 3-Bed/2-rrnBath, ideal for an owner/user.rrnHighlighted by a massive 3-Bed/2-Bath front unit, thisrrnasset is ideal for an owner/user to live in a newlyrrnremodeled unit and cash flow from the remainingrrnthree. The offering presents any investor or owner/userrrnthe opportunity to acquire an incredible 4-Plex in one ofrrnLA’s quickly growing sub-pockets.rrnNotably, two of the 1-Bed/1-Bath units are newlyrrnconstructed ADUs, exempt from any rent control laws,rrnadding a valuable element to this investmentrrnopportunity. The entire building has been renovated andrrnrented out at strong rents and will operate at a 7% caprrnrate for an investor.rrn1267 E 56th St is located minutes from USC, Downtown LA,rrnGilbert Lindsay Park, Exposition Park, Lucas Museum, ArtsrrnDistrict, as well as billions of dollars worth of developmentrrnin Downtown LA.
Lechavarria@onthegorealestate.com