Los Angeles, CA 90011 438 E 56th Street

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Presented By: Enrique Viramontes with Remax Commercial and Investment Realty;
  • MLS# 24377657
  • 04/08/2024
  • Request Tour
  • Request Info
  • BedBeds • 7
  • BathBaths • 4
  • FootageSQFT • 2,219

Home Details

Introducing this amazing 4 unit multifamily property in turnkey condition in the South Park neighborhood of Los Angeles. Currently 100% Vacant! Two buildings sit on the lot which are comprised of two duplexes: 'structure one' is completely brand-new construction and 'structure two' is a meticulously "studs up" renovation. The front structure underwent a complete overhaul and now consists of two modern 2 bd + 1 ba units. The rear structure is brand new construction with a mix of one 2 bd + 1 ba and one 1 bd + 1 ba ADUs. All units are separately metered for all utilities (water sub-metering) and include open floor plans, modern kitchens, air conditioning and hard wood flooring. Its central location provides investors an extensive tenant pool. USC is a short 3 mile drive, Downtown LA is minutes to the North and access to the 110 Freeway is less than a mile away.
Presented By: Enrique Viramontes with Remax Commercial and Investment Realty;

Interior Features for 438 E 56th Street

Bedrooms

Total Bedrooms7

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths4

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixStreet
Total Stories1

General for 438 E 56th Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.79
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market8
DirectionsLocated on E 56th St, between Avalon Blvd and San Pedro St
Garage Y/NNo
Gross Income138600.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet5093.0
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income103516.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street Name56th
Total Units4
View Y/NNo
Waterfront Y/NNo
Year Built2024
Year Built SourceBuilder
ZoningLAR2

Exterior for 438 E 56th Street

Building Area Total2219.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions40x127
Lot Size Acres0.1169
Lot Size Area5093.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesDriveway
SpaNo
Total Parking0.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,525,000
MLS#24377657
List Date 04/08/2024
Property Type Multi-Family
Phone 714.964.3311
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Request Info
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