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A 4-Unit Property 147 E 55th St 4 Unit Apartment Building $890,000 ($222,500/Unit) 2.99% Cap Rate Los Angeles, CA 90011
Investment Highlights
- Very Well Maintained Building
- Four, Spacious 2 Bedrooms
- Stability & Long Term Rent Growth
- Newer Roof
- Parking in the rear for each Unit
- Centrally Located Minutes to Downtown L.A., SoFi Stadium & USC
Executive Summary
This well-maintained fourplex at 147 E 55th Street offers an excellent opportunity in a high-density Los Angeles submarket. Built in 1964 and featuring a newer roof, the property consists of four spacious 2-bedroom, 1-bathroom units. The 4,836 SQFT lot provides dedicated rear parking for each unit. Benefiting from years of professional management, the building is primed for stability, long-term rent growth and upon vacancy turnover a +/-70% upside in rents. Tenants enjoy effortless commuting with quick access to major freeways, placing Downtown LA, USC, and SoFi Stadium just minutes away.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$54,372
|
$16.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,719
|
$0.83
|
| Effective Gross Income |
$51,653
|
$15.73
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$25,080
|
$7.64
|
| Net Operating Income |
$26,573
|
$8.09
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $54,372 |
| Annual Per SF | $16.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,719 |
| Annual Per SF | $0.83 |
| Effective Gross Income | |
|---|---|
| Annual | $51,653 |
| Annual Per SF | $15.73 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $25,080 |
| Annual Per SF | $7.64 |
| Net Operating Income | |
|---|---|
| Annual | $26,573 |
| Annual Per SF | $8.09 |
Property Facts
| Price | $890,000 | Apartment Style | Low-Rise |
| Price Per Unit | $222,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 2.99% | Building Size | 3,284 SF |
| Gross Rent Multiplier | 16.37 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.22/1,000 SF |
| Zoning | LAR2 - Two Family Dwellings | ||
| Price | $890,000 |
| Price Per Unit | $222,500 |
| Sale Type | Investment |
| Cap Rate | 2.99% |
| Gross Rent Multiplier | 16.37 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,284 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | LAR2 - Two Family Dwellings |
Amenities
- Smoke Detector
Unit Amenities
- Heating
- Kitchen
- Tub/Shower
- Lawn
Site Amenities
- Fenced Lot
- Recycling
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,315 | 780 |
| 2+1 | 1 | $1,170 | 780 |
| 2+1 | 1 | $1,150 | 780 |
| 2+1 | 1 | $896.00 | 780 |
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Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5101-014-015 | Improvements Assessment | $464,232 |
| Land Assessment | $230,952 | Total Assessment | $695,184 |
Property Taxes
Parcel Number
5101-014-015
Land Assessment
$230,952
Improvements Assessment
$464,232
Total Assessment
$695,184
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A 4-Unit Property | 147 E 55th St
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