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$ 1,195,000
Est. payment /mo
Active
1267 E 56th Street Los Angeles, CA 90011
6 Beds
5,392 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25269968
Bedrooms 6
Lot Size 5,392 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
1267 E 56th Street presents an opportunity to acquire a stable, income-producing four-unit property in the heart of Los Angeles. Spread across 2,066 square feet on a 5,392 square foot lot, the property features a well-balanced unit mix of (3) 1 Bedroom/1 Bath units and (1) 3 Bedroom/2 Bath unit. The asset generates a strong $10,164 in monthly rental income, supported entirely by Section 8 tenancy, providing investors with secure, government-backed rent payments and exceptional income reliability. With an impressive 7.87% cap rate and 9.80 GRM, this property stands out as a high-yield investment with dependable performance and minimal collection risk. Residents benefit from the propertys central South LA location, offering convenient access to major employment centers, public transit lines, and key corridors connecting to Downtown Los Angeles and the surrounding metro area. The combination of strong in-place income, stable tenancy, and an efficient unit mix makes 1267 E 56th Street an ideal acquisition for investors seeking immediate cash flow and long-term portfolio strength.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Off Slauson and Hooper
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5104018030
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc.