211 E 55th Street, Los Angeles, CA 90011 - Berkshire Hathaway HomeServices California Properties

211 E 55th Street, Los Angeles, CA 90011

$1,550,000 Approx. USD 9 beds, 9 baths
4,660 sqft

Listing Agent


Jonathan Rawson | jon@avenuerg.com
Lic#: 02010400
Broker: Courtesy of Avenue Realty Group

Agent Remarks

LARGE PRICE ADJUSTMENT! BRING ALL OFFERS! Rare opportunity to buy a building with 5 of 9 units delivered VACANT, giving a Buyer endless rental possibilities to hand pick their own tenants and generate substantial Day 1 cashflow! 2 of the 4 occupied units have been remodeled and are getting Section 8 market voucher rents! Only $172,222 per unit for a top-heavy unit mix with (3) 2 Bed/1 Bath, (4) 1 Bed/1 Bath, and (2) Studio units. Of the 5 vacancies, 2 of them are remodeled and Section 8 move-in-ready, with the other 3 ready for a Buyer to renovate to their preference! In addition to 4 renovated units, the building has undergone remodeled hallways & common areas, electrical repairs, and all 9A work (i.e. EQ shut off valves, carbon and smoke monoxide detectors, water heater strapping and low flush toilets) has been completed. The property is separately metered for gas & electricity, and, with no on-site laundry room, common area utilities will remain low to help sustain a great NOI. Tenants are just a close 2 miles away from the evolving Exposition Park that now features The Lucas Museum of Narrative Art to go along with BMO Stadium, LA Coliseum, California Science Center & Natural History Museum, and USC's campus.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25486731
List price is $1,550,000 Reduced by $185,000 on 6/11/2025
Price: $1,550,000
Beds: 9
Baths: 9
Built in 1912
4,660 sqft
2 stories
0.11 acres
Lot size: 0.1122
County: Los Angeles
Zoning: LAR2
Parking description: None
Heating description: Wall Furnace
MLS area: C42 - Downtown L.A.

Last Updated: 6/14/2025

 Days On Market (DOM): 173

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 33.992694, -118.271341.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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