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211 E 55th Street
USD 1,195,000
Property ID: 23305631
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211 E 55th Street ,90011
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icon 4886 SqFt
icon Built in 1912
icon USD 245/SqFt
icon 9 Beds
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
9
Bathrooms
0
Interior Size
4660
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1912
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Detailed Introduction Of This Home
211 E 55th Street is 9 units in South LA, and just a quick drive to all of the developments and community attractions at Exposition Park, USC and DTLA. Unit mix is (3) 2+1's, (4) 1+1's and (2) Singles. Large value add offering at only $132k per door, 11.87 GRM on current rents, and $256 per RSF. Substantial rental upside at 105%, conservatively, with a 5.82 GRM and 12.61% cap rate at stabilized rents. All units are separately metered for gas & electricity. Great opportunity for a long-term hold Buyer to capture upside and reposition the asset while getting in at a great pricing basis. Tenants enjoy easy access and mobility around LA by being blocks from the 110 Freeway entrance/exits. **This property is part of a 3-building portfolio with 1861 W MLK Jr Blvd (12 Units) and 709 E 49th Street (2 Units). All 3 can be bought together or separate.**
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Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
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Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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211 E 55th Street
USD 1,195,000 9 Beds
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