211 E 55th Street

Los Angeles, CA 90011

  • 9 Bed(s)
  • 0 Bath(s)
  • 4,660 Sqft
  • 4888
    Sqft(Lot)
$1,735,000

Description

Price adjustment! bring all offers! rare opportunity to buy a building with 5 of 9 units delivered vacant, giving a buyer endless rental possibilities to hand pick their own tenants and generate substantial day 1 cashflow! 2 of the 4 occupied units have been remodeled and are getting section 8 market voucher rents! diverse and top-heavy unit mix with (3) 2 bed/1 bath, (4) 1 bed/1 bath, and (2) studio units. of the 5 vacancies, 2 of them are remodeled and section 8 move-in-ready, with the other 3 ready for a buyer to renovate to their preference! 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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48398610

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Property Details

  • Bedroom Information

    • Total Bedrooms : 9

    Bathroom Information

    • Total Baths: 9
    • Full Baths: 0
    • Half Baths: 0

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1912
    • Building Area Total: 4,660

    Security Features

    • Gated Community

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1122
    • Lot Size Dimensions: 40x122
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 4888

  • Listing Price Information

    • Original List Price: 1,735,000
    • Listing Contract Date: 2025-01-21

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5101013021

  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C42 - Downtown L.A.
    • Directions: East of Main Street, North of Slauson, West of Avalon
    • Zoning: LAR2
    • Source Property Type: Residential Income
    • Area: C42 - Downtown L.A.

    Building and Construction

    • Property Age: 113
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 4660
    • Entry Location: Main Level
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 05/12/2025 @ 09:48

  • MLS: 25486731
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 9 bedrooms which is for sale, it has 4,660 sqft, 4,888 sized lot, and 0 parking. are nearby neighborhoods.