CA > Los Angeles
Los Angeles, CA 90011,1267 E 56th Street
Los Angeles, CA 90011,1267 E 56th Street
Los Angeles, CA 90011,1267 E 56th Street
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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$1,250,000
Est. payment /mo
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2,094 SqFt
Active

1267 E 56th Street Los Angeles, CA 90011

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Max Manatt

Max Manatt

+1(925) 980-3375

UPDATED:

10/16/2024 09:09 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,094 sqft

Price per Sqft $596

MLS Listing ID CRSB24209241

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1940

Lot Size 5,392 Sqft

Property Description

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 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.

Location

State CA

County Los Angeles

Interior

Fireplace No

Laundry Inside

Building

Water Public

Bay East AOR and Contra Costa AOR
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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Max Manatt

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+1(925) 980-3375

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