1267 56th Street, Los Angeles

$1,295,000

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6 Beds
5 Baths
.12 Acre
0 Garage

6.99% Cap Rate!

1267 E 56th St is a fantastic investment opportunity for any

investor or owner/user in a vibrant area of South Los

Angeles. This 4-plex with 2 new ADU units are operating

close to a 7% Cap Rate with current tenants in place.

Located in Historic South Central, this building boasts an

excellent unit mix of (3) 1-Bed/1-Bath, and (1) 3-Bed/2-

Bath, ideal for an owner/user.

Highlighted by a massive 3-Bed/2-Bath front unit, this

asset is ideal for an owner/user to live in a newly

remodeled unit and cash flow from the remaining

three. The offering presents any investor or owner/user

the opportunity to acquire an incredible 4-Plex in one of

LA’s quickly growing sub-pockets.

Notably, two of the 1-Bed/1-Bath units are newly

constructed ADUs, exempt from any rent control laws,

adding a valuable element to this investment

opportunity. The entire building has been renovated and

rented out at strong rents and will operate at a 7% cap

rate for an investor.

1267 E 56th St is located minutes from USC, Downtown LA,

Gilbert Lindsay Park, Exposition Park, Lucas Museum, Arts

District, as well as billions of dollars worth of development

in Downtown LA.

Essential Information

MLS® #
SB24034558
Price
$1,295,000
Bedrooms
6
Bathrooms
5.00
Acres
0.12
Year Built
1940
Type
Residential Income
Sub-Type
Quadruplex
Status
Active

Community Information

Address
1267 56th Street
Area
C42 - Downtown L.A.
City
Los Angeles
County
Los Angeles
Zip Code
90011
Community Features
Biking, Curbs, Park, Sidewalks
Senior Community
N

Amenities

Parking Spaces
2
Pool
None

Interior

# of Stories
1

Exterior

Lot Description
0-1 Unit/Acre

Additional Information

Date Listed
February 19th, 2024
Days on Market
66
Zoning
LAR2

Listing Details

Agent
Aaron Jacobson

Office

Lyon Stahl Investment Real Estate, Inc.

LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of April 27th, 2024 at 1:30am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.