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Listed by: Aaron Jacobson (310) 729-1559 DRE #02100737, Brandon Maghen DRE #02250000 | Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
$1,250,000
8 Beds
- 7 Baths
--sqft
300 E 55Th St, Los Angeles, CA 90011
$1,250,000
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Apartment
Built in 1950
$-- HOA
5,851 sqft lot
--/sqft
Description
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, of...
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1950
HOA Fees
-
Finished Area
- sqft
Lot Size
5,851 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SB25272472
MLS Status
Active
Days on Market
13
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