147 E 55th St - Apartments FOR SALE


Los Angeles, CA 90011- Vernon-Main
$890,000 USD
310-937-5764
147 E 55th St, Los Angeles, CA for Sale
$890,000 USD
Apartments - FOR SALE
1/2
null | 2.99% Cap Rate

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


HIGHLIGHTS

  • Very Well Maintained Building
  • Newer Roof
  • Four, Spacious 2 Bedrooms
  • Parking in the rear for each Unit
  • Stability & Long Term Rent Growth
  • Centrally Located Minutes to Downtown L.A., SoFi Stadium & USC

OVERVIEW

This well-maintained fourplex at 147 E 55th Street offers an excellent opportunity in a high-density Los Angeles submarket. Built in 1964 and featuring a newer roof, the property consists of four spacious 2-bedroom, 1-bathroom units. The 4,836 SQFT lot provides dedicated rear parking for each unit. Benefiting from years of professional management, the building is primed for stability, long-term rent growth and upon vacancy turnover a +/-70% upside in rents. Tenants enjoy effortless commuting with quick access to major freeways, placing Downtown LA, USC, and SoFi Stadium just minutes away.

FOR SALE DETAILS

PRICE

$890,000 USD

PRICE/SF

$271 USD /SF

# OF UNITS

4

PRICE/UNIT

$222,500

CAP RATE

2.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

A 4-Unit Property

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,836 SF

ZONING

LAR2

APN/PARCEL ID

5101-014-015

ASK ABOUT THIS PROPERTY

Derek FowlerRE/MAX Commercial & Investment RealtyMore Info
310-937-5764

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Derek FowlerRE/MAX Commercial & Investment RealtyMore Info
310-937-5764

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.