438 E 56th Street Los Angeles, CA ^$ 1,525,000

438 E 56th Street

^$ 1,525,000

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438 E 56th Street

Los Angeles, CA, 90011

^$ 1,525,000

Bedrooms7 Baths4.0 Sq 2,219

Monthly Estimate*

^$ 10,653

Listed by Remax Commercial and Investment Realty

438 E 56th Street, Los Angeles, CA 90011 - Image 1

438 E 56th Street, Los Angeles, CA 90011 - Image 2

438 E 56th Street, Los Angeles, CA 90011 - Image 3

438 E 56th Street, Los Angeles, CA 90011 - Image 4

438 E 56th Street, Los Angeles, CA 90011 - Image 5

438 E 56th Street, Los Angeles, CA 90011 - Image 6

438 E 56th Street, Los Angeles, CA 90011 - Image 7

438 E 56th Street, Los Angeles, CA 90011 - Image 8

438 E 56th Street, Los Angeles, CA 90011 - Image 9

438 E 56th Street, Los Angeles, CA 90011 - Image 10

438 E 56th Street, Los Angeles, CA 90011 - Image 11

438 E 56th Street, Los Angeles, CA 90011 - Image 12

438 E 56th Street, Los Angeles, CA 90011 - Image 13

Multi-Family Home for sale in Los Angeles, CA

for $1,525,000 with 7 bedrooms and 4 full baths. This 2,219 square foot home was built in 2024 on a lot size of 0.1169.

Introducing this amazing 4 unit multifamily property in turnkey condition in the South Park neighborhood of Los Angeles. Currently 100% Vacant! 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.

Multi-Family Active

Price

^$ 1,525,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1169

Year Built

2024

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24377657

Days on Market

Features

General

Heating WallFurnace

Zoning LAR2

Year Built 2024

Stories 1

Levels One

Gross Income 138600.0

County Los Angeles

Net Operating Income 103516.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Located on E 56th St between Avalon Blvd and San Pedro St

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 4

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 5093.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 56th

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 8

Standard Status Active

Year Built Source Builder

Cap Rate 6.79

Exterior

Parking Features Driveway

Total Parking 0.0

Lot Size Area 5093.0

Number of Buildings 2

Spa N

Building Area Total 2219.0

Lot Dimensions 40x127

Lot Size Acres 0.1169

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Street

Total Bedrooms 7

Electric On Property Y/N N

Total Baths 4

Internal Only

Street Number 1 438

* Excluded Features

List By

Remax Commercial And Investment Realty

Broker

(213) 233-4363

Phone

Affordability Calculator

$10,653

Per Month

Monthly Principal & Interest: $10,653
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,033,241

Percent of Sale Price 33%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/9/2024	$1,525,000		Listed Price

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438 E 56th Street, Los Angeles, CA, 90011 is a Multi-Family Home for sale at $1,525,000 with 2,219 sqft and a lot size of 0.1169. 438 E 56th Street has 7 bedrooms, 4.0 baths, and was built in 2024. The property's zip code is 90011 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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438 E 56th Street

Multi-Family Home for sale in Los Angeles, CA

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