211 E 55th St, Los Angeles, CA 90011
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211 E 55th St, Los Angeles, CA 90011
211 E 55th St, Los Angeles, CA 90011
211 E 55th St, Los Angeles, CA 90011
211 E 55th St, Los Angeles, CA 90011
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Cherrie And Zach

Cherrie And Zach

+1(661) 312-2536
$ 1,295,000
Est. payment /mo
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Price Dropped by $130K

211 E 55th St Los Angeles, CA 90011

10 Beds

9 Baths

4,660 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,660 sqft

Price per Sqft $277

MLS Listing ID 26652631

Bedrooms 10

Construction Status Updated/Remodeled

Year Built 1912

Lot Size 4,888 Sqft

Acres 0.1122

Property Sub-Type Multi-Family

Property Description

Large price improvement! Bring ALL offers on this well-kept and recently remodeled 9-unit apartment building located in the rapidly improving South Los Angeles pocket. The property is being offered at a lucrative $143k Price Per Unit with a desirable and balanced unit mix of (3) 2 Bed/1 Bath, (4) 1 Bed/1 Bath & (2) Large Studio Units, with on-site parking for 4 units. 6 of 9 units were recently remodeled, with 5 of 6 of those units getting in-place market rents. (1) recently renovated 1 Bed/1 Bath unit is vacant and move-in-ready for market rent, and another (1) 1 Bed/1 Bath unit is vacant and remodel ready for market rent. 8,06% current cap rate and 7.52x current GRM once the two vacant units are leased. 2 units are below market and offer approximately 140% future rental upside. All units are separately metered for gas & electricity. In addition to renovated units, the common area hallways have been renovated, the exterior has been repainted with new trim, electrical repairs, 9A work completed, and more. 211 E 55th St offers a central urban setting just minutes south of Downtown Los Angeles. The surrounding area features a mix of residential streets, local markets and neighborhood restaurants. South Los Angeles benefits from its strategic location with easy access to major freeways such as the I-10, I-110, and I-405, providing seamless connectivity to Downtown, employment hubs, and the greater Los Angeles area. The property is less than 2 miles from Exposition Park, the Natural History Museum, and the upcoming $1B Lucas Museum of Narrative Art (opening September 2026), 2.25 miles from USC, and just over 3 miles from Crypto.com Arena and the LA Convention Center, placing tenants close to some of Los Angeles' most iconic cultural and entertainment destinations.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment Ceiling Fan

Laundry None

Exterior

Parking Features Assigned

Garage Spaces 4.0

Building

Story 2

Level or Stories Two

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Avenue Realty Group

Nearby Locations

Cherrie And Zach

Cherrie And Zach

Broker || Owners | License ID: 01904568

+1(661) 312-2536

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211 E 55th St