CA > Los Angeles
Los Angeles, CA 90011,211 E 55th ST
Los Angeles, CA 90011,211 E 55th ST
Los Angeles, CA 90011,211 E 55th ST
Los Angeles, CA 90011,211 E 55th ST
Los Angeles, CA 90011,211 E 55th ST
Los Angeles, CA 90011,211 E 55th ST
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Carlos Tovar

Carlos Tovar

+1(951) 264-7544
$ 1,795,000
Est. payment | /mo

9 Beds

9 Baths

4,660 SqFt

Save
$ 1,795,000
Est. payment | /mo
Save

9 Beds

9 Baths

4,660 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,660 sqft

Price per Sqft $385

MLS Listing ID 25486731

Bedrooms 9

HOA Y/N No

Year Built 1912

Lot Size 4,887 Sqft

Property Description

Rare opportunity to buy a building with 6 of 9 units delivered VACANT, giving a Buyer endless rental possibilities to hand pick their own tenants and generate substantial Day 1 cashflow! Diverse and top-heavy unit mix with (3) 2 Bed/1 Bath, (4) 1 Bed/1 Bath, and (2) Studio units. Of the 6 vacancies, 3 of them are remodeled and Section 8 move-in-ready, with the other 3 ready for a Buyer to renovate to their preference! Of the 3 occupied units, one (Unit #4, 1 Bed/1 Bath), has been remodeled and leased to Section 8 for $2,407/month! In addition to 4 renovated units, the building has undergone remodeled hallways & common areas, electrical repairs, and all 9A work (i.e. EQ shut off valves, carbon and smoke monoxide detectors, water heater strapping and low flush toilets) has been completed. The property is separately metered for gas & electricity, and, with no on-site laundry room, common area utilities will remain low to help sustain a great NOI. Tenants are just a close 2 miles away from the evolving Exposition Park that now features The Lucas Museum of Narrative Art to go along with BMO Stadium, LA Coliseum, California Science Center & Natural History Museum, and USC's campus.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR2

Interior

Heating Wall Furnace

Fireplace No

Laundry None

Exterior

Parking Features None

Community Features Gated

Total Parking Spaces 1

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5101013021

Security Features Gated Community

Financing Cash

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Jonathan Rawson • Avenue Realty Group
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(951) 264-7544

carlos@tovarrealestate.com

11010 Arrow Route STE 109, Ranco Cucamongo, California, 91730, USA

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211 E 55th ST