1/67

Listed by 310-729-1559 - Aaron Jacobson - DRE #02100737 - Lyon Stahl Investment Real Estate, Inc. 310-425-9838

$1,250,000

Calculate Payment

1267 56th Street Los Angeles, CA 90011

Fourplex Residence

Beds

Baths

2,094 Sq. Ft.

0.12 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 11/15/2024 11:45 PM

Listing Details

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 ex...cellent 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. Continue reading

MLS#

SB24209241

Property Type

Fourplex

Status

Year Built

1940

Square Feet

2,094 sq. ft

Lot Size

0.12

Sewer