Los Angeles, CA 90011 1386 E 55th Street
$699,000
2 more
Presented By: Mark Perez with Circle Real Estate; 562-754-0660
SQFT • 2,490
Home Details
This income-producing triplex features a large single-structure front house with 2 bedrooms and 1.5 bathrooms, along with a detached 2-car garage. Additionally, the property includes a separate rear duplex structure consisting of two 2-bedroom, 1-bathroom units. Ample parking is available, and the property is gated for privacy. All units are fully occupied by long-term, stable tenants, providing immediate rental income. The property will be sold tenant-occupied and will not be delivered vacant. Conveniently located near schools, shopping centers, downtown LA, LA Live, Staples Center, grocery stores, restaurants, coffee shops, parks, and with easy access to major freeways. Offers great upside rental potential in a highly desirable metropolitan location. Ideal for both seasoned investors and first-time buyers looking for a reliable income stream. Priced to sell—don't miss out on this excellent investment opportunity!
Presented By: Mark Perez with Circle Real Estate; 562-754-0660
Interior Features for 1386 E 55th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesSeeRemarks
Total Stories1
Other Rooms
Entry Level1
General for 1386 E 55th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.3
Carport Y/NNo
CityLos Angeles
Community FeaturesUrban
ContingencyOffers subject to interior inspection
CountyLos Angeles
Days on Market1
DirectionsAscot and 55th
Electric Expense2000.0
Electric On Property Y/NNo
Entry Locationbottom
Expected Active Date 2024-09-05
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOA0.0
HeatingCentral
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet5201.0
Lot Size UnitsSquareFeet
MLS AreaC34 - Los Angeles Southwest
MobileHomeRemainsYNNo
Net Operating Income37535.0
New ConstructionNo
NumberOfUnitsTotal3
Open Parking Spaces4.0
Operating Expense8509.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalTriplex
Property SubTypeTriplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot1
TermsCash, CashToNewLoan, Conventional
Trash Expense1509.0
View Y/NNo
Water Sewer Expense5000.0
Waterfront Y/NNo
Year Built1961
Year Built SourcePublicRecords
ZoningLAR2
Exterior for 1386 E 55th Street
Building Area Total2490.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1194
Lot Size Area5201.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480