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211 E 55th St
Los Angeles, CA 90011 Vernon-Main

$1,795,000 USD

Apartments For Sale  •  4,660 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,660 SF
  • Lot Size 0.11 AC
  • Building Class C
  • Year Built 1912
  • Cap Rate 7.69 %
  • Zoning R3-1, Los Angeles
63 Transit Score
75 Walk Score

Highlights

6 of 9 Units Delivered VACANT!
Diverse & Top Heavy Unit Mix - (3) 2 Bed/1 Bath, (4) 1 Bed/1 Bath, (2) Studio Units
Of The 6 Vacant Units, 3 Have Been Remodeled & Are Section 8 Move-In-Ready! The Other 3 Are Vacant & Ready For Buyer To Remodel To Their Standards
Of The 3 Occupied Units, One (Unit #4, 1 Bed/1 Bath), Has Been Remodeled & Just Leased To Section 8 For $2,407/Month
Separately Metered For Gas & Electricity
7.69% Cap Rate & 8.62x GRM Assuming Vacancies Leased To Section 8

Property Flyers

Financial Summary (Actual)

Net Operating Income: $138,090 USD (2024)
Cap Rate: 7.69 %
Total Expenses: $63,876 USD

Amenities

  • 24 Hour Access
  • Fireplace

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 11 min - 5.5 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 13 min - 5.8 mi
AirportDriveWalkDistance
Los Angeles International 20 min - 10.6 mi
Long Beach (Daugherty Field) 26 min - 18.8 mi
Bob Hope 31 min - 22.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 1
Type: Surface
Included in Rent: Yes
Jonathan Rawson 310-869-9137 Avenue Realty Group
Jonathan Rawson 310-869-9137 Avenue Realty Group