$ 1,250,000
-
$1,250,000
Price -
8
Bed -
7
Bath -
4,222
SqFt
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About the Listing SB1310620 - SBJACOAAR,CLW-C144806
300 E 55th St, Los Angeles, CA 90011 is a well-kept 7-unit apartment building in a rapidly improving South LA pocket. Priced at $1,250,000, the property delivers a 6.52% current cap rate and 9.41 GRM, with 43% rental upside. At pro forma rents, the building stabilizes at an excellent 10.66% cap rate and 6.57 GRM, offering strong day-one income with meaningful room for growth. Built in 1950, the asset sits on a 5,851 SF lot with 4,222 SF of building area, consisting of oversized one-bedroom units and a two-bedroom unit. Several units are Section 8, providing stable, consistent collections. The property also features a 3-car garage structure that is already a shell, offering a clear opportunity for conversion into an ADU (buyer to verify). This gives investors an additional, straightforward path to increase income and boost long-term returns. With solid in-place performance, strong rental upside, and on-site ADU potential, 300 E 55th St is a rare sub-$2M asset positioned for both immediate cash flow and long-term value creation in one of LA’s most active rental markets.
Listing Highlights
Interior Details
- Bedrooms: 8
- Bathrooms: 7 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 3 car
- Parking Spaces: 9
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5101010021
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
300 E 55th St Los Angeles, CA 90011
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