211 E 55th Street, Los Angeles, CA 90011
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
211 E 55th Street,Los Angeles, CA 90011
$1,495,000
- 10 Beds
- 9 Baths
- 4,660 sq. ft.
- Multi-family
- Active
Listed by: jonathan rawson
Office: avenue realty group
MLS#:26652631
Source:CRMLS
Price summary
- Price:$1,495,000
- Price per sq. ft.:$320.82
About this home
211 E 55th St is a well-kept and recently remodeled 9-unit apartment building located in the rapidly improving South Los Angeles pocket. The property is being offered at a lucrative $166k Price Per Unit with a desirable and balanced unit mix of (3) 2 Bed/1 Bath, (4) 1 Bed/1 Bath & (2) Large Studio Units, with on-site parking for 4 units. 7 of 9 units were recently remodeled, with 5 of those units getting in-place market rents. (2) of the renovated 1 Bed/1 Bath units just finished renovation and are market rent move-in-ready. 7.41% current cap rate and 8.22x current GRM once both vacant units are leased. The 2 non-renovated and below market units offer approximately 140% future rental upside. All units are separately metered for gas & electricity. In addition to renovated units, the common area hallways have been renovated, the exterior has been repainted with new trim, electrical repairs, 9A work completed, and more. 211 E 55th St offers a central urban setting just minutes south of Downtown Los Angeles. The surrounding area features a mix of residential streets, local markets and neighborhood restaurants. South Los Angeles benefits from its strategic location with easy access to major freeways such as the I-10, I-110, and I-405, providing seamless connectivity to Downtown, employment hubs, and the greater Los Angeles area. The property is less than 2 miles from Exposition Park, the Natural History Museum, and the upcoming $1B Lucas Museum of Narrative Art (opening September 2026), 2.25 miles from USC, and just over 3 miles from Crypto.com Arena and the LA Convention Center, placing tenants close to some of Los Angeles' most iconic cultural and entertainment destinations.
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Home facts
- Year built:1912
- Listing ID #:26652631
- Added:9 day(s) ago
- Updated:February 24, 2026 at 08:25 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:9
- Living area:4,660 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1912
- Building area:4,660 sq. ft.
- Lot area:0.11 Acres
- Levels:2 Story
Finances and disclosures
- Price:$1,495,000
- Price per sq. ft.:$320.82
Features and amenities
- Amenities:Ceiling Fans
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