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359 E 56th Street, Los Angeles, CA 90011

Los Angeles
Local realty services provided by:CENTURY 21 LOTUS
359 E 56th Street,Los Angeles, CA 90011
$875,000
  • 6 Beds
  • 6 Baths
  • 2,976 sq. ft.
  • Multi-family
  • Pending
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:71 day(s) ago
  • Updated:April 05, 2026 at 07:48 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
  • Levels:1 Story

Finances and disclosures

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

Parking

  • Total parking spaces:6
  • Parking description:Gated
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