Los Angeles, CA 90011 438 E 56th Street
$1,525,000
8 more
Presented By: Enrique Viramontes with Remax Commercial and Investment Realty
Home Details
Introducing this amazing 4 unit multifamily property in turnkey condition in the South Park neighborhood of Los Angeles. Currently 100% Vacant! Two buildings sit on the lot which are comprised of two duplexes: 'structure one' is completely brand-new construction and 'structure two' is a meticulously "studs up" renovation. The front structure underwent a complete overhaul and now consists of two modern 2 bd + 1 ba units. The rear structure is brand new construction with a mix of one 2 bd + 1 ba and one 1 bd + 1 ba ADUs. All units are separately metered for all utilities (water sub-metering) and include open floor plans, modern kitchens, air conditioning and hard wood flooring. Its central location provides investors an extensive tenant pool. USC is a short 3 mile drive, Downtown LA is minutes to the North and access to the 110 Freeway is less than a mile away.
Presented By: Enrique Viramontes with Remax Commercial and Investment Realty
Interior Features for 438 E 56th Street
Bedrooms
Total Bedrooms7
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths4
Other Interior Features
Heating Y/NYes
Street SuffixStreet
Total Stories1
General for 438 E 56th Street
Buyer Agent Compensation2.000
Buyer Agent Compensation Type%
Cap Rate6.79
CityLos Angeles
CountyLos Angeles
Days on Market8
DirectionsLocated on E 56th St, between Avalon Blvd and San Pedro St
Gross Income138600
HOA / Comm AssnNo
HeatingWall Furnace
LevelsOne
Lot Size Square Feet5093
MLS AreaC42 - Downtown L.A.
Net Operating Income103516
New ConstructionNo
Property TypeResidential Income
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories1
Street Name56th
Total Units4
Year Built2024
Year Built SourceBuilder
ZoningLAR2
Exterior for 438 E 56th Street
Building Area Total2219
Lot Dimensions40x127
Lot Size Acres0.1169
Lot Size Area5093
Lot Size SourceAssessor
Lot Size UnitsSquare Feet
Number of Buildings2
Parking FeaturesDriveway
Total Parking0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480