211 E 55th St
Los Angeles, CA 90011
9 Beds
9 Baths
4,660 Sq Ft
9 Days on Market
For Sale $1,795,000
Request tour
Save
Courtesy of Avenue Realty Group

Listing Agent & Comments

Jonathan RawsonAvenue Realty Group
310-869-9137jon@avenuerg.com License #02010400
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.

MLS# 25486731 • Data provided by CRMLS
Additional home details
Living Area4,660 Sq.Ft.
Lot Size4,887 Sq.Ft.
Total Rooms--
Bedrooms9
Bathrooms9
Stories2
Year Built1912
Property TypeMultifamily
ZoningLAR2
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$9,348
Property in Flood Zone--
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,517,359
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
house

HouseCanary, Inc. Brokerage

211 E 55th St., Los Angeles, CA 90011

Multifamily
9 Beds
9 Baths
4,660 Sq Ft
9 Days on Market

Listing Agent & Comments

Jonathan RawsonAvenue Realty Group
310-869-9137jon@avenuerg.com License #02010400
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.

MLS# 25486731 • Data provided by CRMLS
Additional home details
Living Area4,660 Sq.Ft.
Lot Size4,887 Sq.Ft.
Total Rooms--
Bedrooms9
Bathrooms9
Stories2
Year Built1912
Property TypeMultifamily
ZoningLAR2
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$9,348
Property in Flood Zone--
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $1,795,000
Request tour
Save
Courtesy of Avenue Realty Group
211 E 55th St
Los Angeles, CA 90011
9 Beds
9 Baths
4,660 Sq Ft
9 Days on Market

Listing Agent & Comments

Jonathan RawsonAvenue Realty Group
310-869-9137jon@avenuerg.com License #02010400
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.

MLS# 25486731 • Data provided by CRMLS
Additional home details
Living Area4,660 Sq.Ft.
Lot Size4,887 Sq.Ft.
Total Rooms--
Bedrooms9
Bathrooms9
Stories2
Year Built1912
Property TypeMultifamily
ZoningLAR2
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$9,348
Property in Flood Zone--
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,517,359
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $1,795,000
Request tour
Save
Courtesy of Avenue Realty Group