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438 E 56th Street

Los Angeles (City), CA 90011
  • $1,349,000
  • STATUS: Active Under Contract
  • ON SITE: 271 Days
  • ID#: 24377657
Under Contract
UPDATED: 45 min ago
$1,349,000
  • 7
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,219
    SQFT
  • $608
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2024
County:

School Ratings & Info

Listing Agent(s): Enrique Viramontes of Remax Commercial and Investment Realty (213-817-1000)


Description

Introducing this amazing 4 unit multifamily property in turnkey condition in the South Park neighborhood of Los Angeles. 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-16T15:33:08.097. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
www.cfc-realty.com/homes/149435343
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438 E 56th Street Los Angeles (City), CA 90011

  • Price: $1,349,000
  • Status: Active Under Contract
  • On Site: 271 Days
  • Updated: 45 min ago
  • ID#: 24377657
7
Beds
0
Baths
0
½ Baths
0.12
Acres
2,219
SQFT
$608
$/SQFT
2024
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
Introducing this amazing 4 unit multifamily property in turnkey condition in the South Park neighborhood of Los Angeles. 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.
Exterior Features

Parking Features Driveway Parking Total 0

Interior Features

Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 7.74 Gross Income 137220 Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 104431 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning LAR2



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-16T15:33:08.097. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
 
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CFC Realty, Inc
931 Pueblo Drive
Lake Havasu City AZ, 86406
Listing Agent(s): Enrique Viramontes of Remax Commercial and Investment Realty (213-817-1000)