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359 E 56th Street, Los Angeles, CA 90011

Local realty services provided by:CENTURY 21 Valley Properties
359 E 56th Street,Los Angeles, CA 90011
$875,000
  • 6 Beds
  • 6 Baths
  • 2,976 sq. ft.
  • Multi-family
  • Active
Listed by: jerome mcalpin
Office: mcalpin & company
MLS#:26641147
Source:CRMLS

Price summary

  • Price:$875,000
  • Price per sq. ft.:$294.02

About this home

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.)

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Home facts

  • Year built:1923
  • Listing ID #:26641147
  • Added:1 day(s) ago
  • Updated:January 25, 2026 at 11:31 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6
  • Living area:2,976 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1923
  • Building area:2,976 sq. ft.
  • Lot area:0.24 Acres

Finances and disclosures

  • Price:$875,000
  • Price per sq. ft.:$294.02
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Valley Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Valley Properties, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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