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

359 E 56th Street

^$ 875,000

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359 E 56th Street

Los Angeles, CA, 90011

^$ 875,000

Bedrooms6 Baths1.0 Sq 2,976

Monthly Estimate*

^$ 5,388

Listed by McAlpin & Company

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

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

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

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

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

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

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

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

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

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

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

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

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

359 E 56th Street, Los Angeles, CA 90011 - Image 14

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Single Family Home for sale in Los Angeles, CA

for $875,000 with 6 bedrooms and 1 full bath. This 2,976 square foot home was built in 1923 on a lot size of 0.2431.

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.)

Single Family Active

Price

^$ 875,000

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 0

Style

Lot Size

0.2431

Year Built

1923

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

26641147

Days on Market

Features

General

Living Area 2976

Heating WallFurnace

Cooling None

Zoning LAR2

Year Built 1923

Tenant Pays Electricity Gas

Stories Count 1

Levels One

Gross Income 97346

County Los Angeles

Net Operating Income 60717

New Construction false

Property Type ResidentialIncome

HOA false

Full Baths 0

Special Listing Conditions Standard

Status Active

Directions North of Slauson between San Pedro and Avalon

City Los Angeles

Senior Community Y/N false

Number Of Units Total 6

MLS Area C42 - Downtown L.A.

Lot Size Units SquareFeet

Lot Size Square Feet 10591

Standard Status Active

Cap Rate 6.94

Interior

Total Stories 0

Air Conditioning Y/N false

Heating Y/N true

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 6

Total Baths 6

Exterior

Parking Features Gated

Total Parking 6

Lot Size Area 10591

Number of Buildings 3

Building Area Total 2976

Lot Size Acres 0.2431

* Excluded Features

List By

Mcalpin & Company

Broker

jerome@mcalpinco.com

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

Single family listings in Los Angeles, CA

Average List Price ^$3,564,740

Percent of Sale Price 307%

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.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/31/2026	$875,000		Listed Price

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359 E 56th Street, Los Angeles, CA, 90011 is a Single Family Home for sale at $875,000 with 2,976 sqft and a lot size of 0.2431. 359 E 56th Street has 6 bedrooms, 1.0 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 Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 3/12/2026. 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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359 E 56th Street

Single Family Home for sale in Los Angeles, CA

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