1267 East 56th Street
1267 East 56th Street
$1,295,000
6
5
2,094
2,094
$618
Description
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...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.
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...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.
- 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
Parking Spaces Total
2
Private PoolNo
Total Units4.0
Building TypeDetached
Lot Size SourceAssessor
Living Area2094
Assessor Parcel Number5104-018-030
Property Attached YNfalse
Location
LISTING UPDATED: 04/07/2024 03:14 PM
Property Details for 1267 East 56th Street
Status | Active |
---|---|
MLS # | SB24034558 |
Days on Market | 70 |
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 |
Location
Building Information for 1267 East 56th Street
Stories1Residences-Year Built1940Building Size-Lot Size0.12 AC / 5,392 SF
Payment Calculator
$7,507 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1267 East 56th Street
Property History for 1267 East 56th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1267 East 56th Street
Taxable ValueLand$216,299Additions$199,004Total$415,303
Tax Record2023$5,283 ($440 / month)
Home Facts
Total Finished SqFt1,394 SqFtAbove Grade Finished SqFt1,394 SqFtLot Size5,392 SqFtStyleDuplexYear Built1940ZoningLAR2CountyLOS ANGELESAPN5104-018-030
Schools near 1267 East 56th Street
This home is within Los Angeles Unified School District.
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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