359 East 56th Street Los Angeles, CA ^$ 875,000

359 East 56th Street

^$ 875,000

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359 East 56th Street

Los Angeles, CA, 90011

^$ 875,000

Studio Baths0.0 Sq 2,976

Monthly Estimate*

^$ 5,388

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

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

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359 East 56th Street, Los Angeles, CA 90011 - Image 9

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $875,000. This 2,976 square foot home was built in 1923 on a lot size of 0.24.

The subject property is a six-unit apartment complex located in South Los Angeles. The units were constructed in 1923 and contain 2,978 square feet. The apartments are situated on a large, 10,588 square foot lot which is zoned LAR2. The buildings consist of all one-bedroom units averaging just under 500 square feet each. The complex gives the feel of individual houses which make it very attractive to prospective tenants. Currently, the apartments are generating $8,112 per month and over $97,000 annually. Also, there is plenty of upside in the rents. At a GRM of 8.98 and $145,000 per unit. This is a great investment opportunity. In 2025, a Capital Improvement of $32,820 was invested in the roof. (That was not included in the regular expenses.)

Multi-Family Pending

Price

^$ 875,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.24

Year Built

1923

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0026641147

Features

General

Living Area 2976.0

Heating Wall Furnace

Zoning LAR2

Year Built 1923

Tenant Pays Electricity Gas

Levels One

County Los Angeles

Net Operating Income 60717.0

New Construction No

Property Type C

HOA No

Status Pending

City Los Angeles

Senior Community Y/N No

MLS Area C42 - Downtown L.A.

Lot Size Units Square Feet

Lot Size Square Feet 10591.0

Standard Status Pending

Exterior

Lot Size Area 10591.0

Foundation Details None

Pool Y/N? Yes

Building Area Total 2976.0

Lot Size Acres 0.24

Land Lease Type Fee

Interior

Total Stories 0

Air Conditioning Y/N No

Heating Y/N Yes

Total Baths 0

* Excluded Features

List By

Jerome McAlpin

Listing Agent

Mcalpin & Company

Broker

Affordability Calculator

$5,388

Per Month

Monthly Principal & Interest: $5,388
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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 ^$1,837,781

Percent of Sale Price 110%

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
1/23/2026	$875,000		Listed Price

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359 East 56th Street, Los Angeles, CA, 90011 is a Multi-Family Home for sale at $875,000 with 2,976 sqft and a lot size of 0.24. 359 East 56th Street is a studio with 0.0 baths and was built in 1923. 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 6.25% 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 3/23/2026. 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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359 East 56th Street

Multi-Family Home for sale in Los Angeles, CA

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