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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 newlyremodeled unit and cash flow from the remainingthree. The offering presents any investor or owner/userthe 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 newlyconstructed ADUs,adding a valuable element to this investmentopportunity. 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.
Property Type(s):
Residential Income
| Last Updated | 10/15/2024 | Year Built | 1940 |
|---|---|---|---|
| Community | Downtown L.A. | County | Los Angeles |
Additional Details
| AREA | Downtown L.A. |
|---|---|
| LOT | 5392 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| WATER | Public |
| ZONING | LAR2 |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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