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438 E 56th St

Los Angeles, CA 90011
  • $1,300,000
  • STATUS: Closed
  • ON SITE: 275 Days
  • MLS #: 24-377657
Sold - 01/17/2025
$1,300,000
SOLD - 01/17/2025
  • 7
    BEDS
  • 0.12
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,219
    SQFT
  • $586
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2024
County:

School Ratings & Info

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.

Sold by Toyin Olaoye BRE#01372010 of Real Estate Source, Inc..

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-01-21T13:43:59.04. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/149613001
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438 E 56th St Los Angeles, CA 90011

  • Price: $1,349,000
  • Status: Closed
  • On Site: 275 Days
  • Updated: 38 min ago
  • MLS #: 24-377657
7
Beds
4
Baths
0
½ Baths
0.12
Acres
2,219
SQFT
$586
$/SQFT
2024
Built
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
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

Levels One Lot Size Area 5093 Other Structures None Parking Garage Driveway Total Parking 0

Interior Features

Cooling Air Conditioning Equipment Other Heating Wall

Property Features

Assessed Total Value 184637 Disclosures As Is Gross Income 137220 Gross Operating Income 133103 Like Units1 3 Like Units2 1 Net Operating Income 104431.00 Number Of Buildings 2 Number Of Units 4 Sale Type Standard Source Living Area Builder Source Lot Size Area Assessor Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 28673 Type Of Units Apartment Year Built Source Builder Zoning LAR2

Listing provided courtesy of Enrique Viramontes DRE#01372010 of Remax Commercial and Investment Realty: 213-817-1000.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-01-21T13:43:59.04. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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