1267 East 56th Street
Description
remodeled unit...7.30% 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 at a 7.30% 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,
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 56thSt is located minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Arts District, as well as billions of dollars wroth of development in Downtown LA.
- Listed by Aaron Jacobson • DRE #02100737 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-729-1559
Property Details for 1267 East 56th Street
Property Details for 1267 East 56th Street
| Status | Active |
|---|---|
| MLS # | SB24209241 |
| Days on Market | 63 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1940 |
| Lot Size | 0.12 AC / 5,392 SF |
| County | Los Angeles County |
Building Information for 1267 East 56th Street
Property Information for 1267 East 56th Street
- Gross Income: $118,800
- Gross Scheduled Income: $118,800
- Vacancy Allowance Rate: 3
- Gross Operating Income: $115,236
- Net Operating Income: $91,291
- Gross Multiplier: 10.52
- Cap Rate: 7.3
- Operating Expense: $23,945
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $23,945
- Tax Tract Number: 1234
- Tax Census Tract: 2291.00
- CFD/Mello-Roos Fee: $302
- Tax Lot: 214
- Community Features: Biking, Dog Park, Ravine, Urban
- Laundry: Yes
- Laundry Features: Inside
- Entry Location: Front
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 0-1 Unit/Acre
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Uncovered Spaces: 4
- Open Other Spaces Total: 4
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Actual Rent: $3,300
- Unit Type Total Rent: $3,300
- Unit Type Pro Forma: 3915
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,200
- Unit Type Total Rent: $2,200
- Unit Type Pro Forma: 2407
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,200
- Unit Type Total Rent: $2,200
- Unit Type Pro Forma: 2407
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,200
- Unit Type Total Rent: $2,200
- Unit Type Pro Forma: 2407
- Unit Type Type: 4
- Rent Controlled: Yes
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 2
- Number Of Separate Water Meters: 1
Property History for 1267 East 56th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1267 East 56th Street
Schools near 1267 East 56th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | 1 to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Hooper Avenue Elementary School Public1 to 5 | ||
Los Angeles Academy Middle Public6 to 8 | ||
Nava College Preparatory Academy Public9 to 12 | ||
Thomas Jefferson Senior High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson, DRE #02100737
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.