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211 E 55th St
Los Angeles, CA 90011
Multifamily Property For Sale
·
9 Units
Investment Highlights
- • Attractive Price Per Unit – 9 Units Offered at Only $166,111 Per Unit
- • Extensive Interior Renovations – 6 of 9 Units Recently Remodeled and Achieving Market Rents
- • Strong In-Place Returns – 7.31% Cap Rate and 8.21x GRM Once Vacant Unit Is Leased
- • Desirable & Balanced Unit Mix – (3) 2 Bed / 1 Bath, (4) 1 Bed / 1 Bath, and (2) Large Studio Units & (4) On-Site Parking Spaces For Tenants
- • Immediate Lease-Up Opportunity – (1) Renovated 1 Bed / 1 Bath Unit Delivered Vacant
- • Significant Rental Upside Potential – (2) Below-Market, Non-Renovated Units Offering Approximately 140% Future Rental Upside
Property Facts
| No. Units | 9 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 4,660 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1912/2024 |
| Building Class | C | Parking Ratio | 0.86/1,000 SF |
| Zoning | R3-1, Los Angeles - Residential | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,660 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1912/2024 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | R3-1, Los Angeles - Residential |
Amenities
Unit Amenities
- Fireplace
- Ceiling Fans
- Kitchen
Site Amenities
- 24 Hour Access
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 3 | - | - |
Property Taxes
| Parcel Number | 5101-013-021 | Improvements Assessment | $228,888 |
| Land Assessment | $759,492 | Total Assessment | $988,380 |
Property Taxes
Parcel Number
5101-013-021
Land Assessment
$759,492
Improvements Assessment
$228,888
Total Assessment
$988,380
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