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300 E 55th St 7 Unit Apartment Building $1,250,000 ($178,571/Unit) 6.52% Cap Rate Los Angeles, CA 90011
Investment Highlights
- The property sits on a spacious lot measuring at just under 6,000 SF and comprises of (6) 1 Bed/1 Bath and (1) 2 Bed/1 Bath Units
- With 5/7 Units occupied by section 8 tenants, this property is guaranteed to collect government income
- It offers a going-in cap rate of 6.52% and a GRM of 9.41
- Conveniently located in South Los Angeles, the property is surrounded by restaurants, shopping centers, and major metropolitan hubs
Executive Summary
300 E 55th St, Los Angeles, CA 90011 is a well-kept 7-unit apartment building in a rapidly improving South LA pocket. Priced at $1,250,000, the property delivers a 6.52% current cap rate and 9.41 GRM, with 43% rental upside. At pro forma rents, the building stabilizes at an excellent 10.66% cap rate and 6.57 GRM, offering strong day-one income with meaningful room for growth. Built in 1950, the asset sits on a 5,851 SF lot with 4,222 SF of building area, consisting of oversized one-bedroom units and a two-bedroom unit. Several units are Section 8, providing stable, consistent collections. The property also features a 3-car garage structure that is already a shell, offering a clear opportunity for conversion into an ADU (buyer to verify). This gives investors an additional, straightforward path to increase income and boost long-term returns. With solid in-place performance, strong rental upside, and on-site ADU potential, 300 E 55th St is a rare sub-$2M asset positioned for both immediate cash flow and long-term value creation in one of LA’s most active rental markets.
Property Facts
| Price | $1,250,000 | Property Subtype | Apartment |
| Price Per Unit | $178,571 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.52% | Lot Size | 0.13 AC |
| Gross Rent Multiplier | 9.41 | Building Size | 4,222 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Zoning | LAR2 | ||
| Price | $1,250,000 |
| Price Per Unit | $178,571 |
| Sale Type | Investment |
| Cap Rate | 6.52% |
| Gross Rent Multiplier | 9.41 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 4,222 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Zoning | LAR2 |
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Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (73)
Property Taxes
| Parcel Number | 5101-010-021 | Improvements Assessment | $757,701 |
| Land Assessment | $649,458 | Total Assessment | $1,407,159 |
Property Taxes
Parcel Number
5101-010-021
Land Assessment
$649,458
Improvements Assessment
$757,701
Total Assessment
$1,407,159
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300 E 55th St
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