211 E 55Th St, Los Angeles, CA 90011

Description

Jon Rawson is pleased to present 211 E 55th St, a well-kept and recently remodeled 9-unit apartment building located in the rapidly improving South Los Angeles pocket. The property is being offered at a lucrative $166k Price Per Unit with a desirable and balanced unit mix of (3) 2 Bed/1 Bath, (4) 1 Bed/1 Bath & (2) Large Studio Units, with on-site parking for 4 units. 7 of 9 units were recently remodeled, with 5 of those units getting in-place market rents. (2) of the renovated 1 Bed/1 Bath units just finished renovation and are market rent move-in-ready. 7.41% current cap rate and 8.22x current GRM once both vacant units are leased. The 2 non-renovated and below market u...