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

438 East 56th Street

^$ 1,525,000

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438 East 56th Street

Los Angeles, CA, 90011

^$ 1,525,000

Studio Baths0.0 Sq 2,219

Monthly Estimate*

^$ 10,653

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

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

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

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

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

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,525,000. This 2,219 square foot home was built in 2024 on a lot size of 0.12.

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

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.12

Year Built

2024

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024377657

Features

General

Heating Wall Furnace

Zoning LAR2

Year Built 2024

Levels One

County Los Angeles

Net Operating Income 103516.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Los Angeles

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 5093.0

Street Name 56th

Standard Status Active

Year Built Source Builder

Buyer Agent Compensation Type %

Exterior

Parking Features Driveway

Lot Size Area 5093.0

Building Area Total 2219.0

Lot Dimensions 40x127

Lot Size Acres 0.12

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Total Stories 1

Heating Y/N Yes

Street Suffix Street

Total Baths 0

* Excluded Features

List By

Enrique Viramontes

Listing Agent

Remax Commercial And Investment Realty

Broker

Affordability Calculator

$10,653

Per Month

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

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Yearly Home Insurance

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.

793437 Elementary School

793428 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 East 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 0.12. 438 East 56th Street is a studio with 0.0 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/16/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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438 East 56th Street

Multi-Family Home for sale in Los Angeles, CA

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