Homes For Sale In California

$1,295,000
5,392 Sqft Lot
Visits : 14 In 87 Days

1267 E 56th Street, Los Angeles, California 90011

  • Residential Income Property Type
  • 47 Days Time On Market
  • 2 Cars Garage
  • 1940 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
SB24034558
$1,295,000
1940
5,392 Sqft
Active
Quadruplex
Features
: 2
: Park, Sidewalks, Biking, Curbs
$0
: Public Sewer
Address Map
California
Los Angeles
Los Angeles
90011
1267 E 56th Street
0
W119° 44' 50.4''
N33° 59' 32.4''
Additional Info
$0
2,094 Sqft
$0
6.99
47
47
$1,200
0
: Item01unitacre
$2,600
5104018030
: Standard
1
$0
LAR2
$0
No
No
No
No
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