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$ 1,250,000
Est. payment /mo
Active
300 E 55th ST Los Angeles, CA 90011
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25272472
HOA Y/N No
Year Built 1950
Property Sub-Type Apartment
Property Description
300 E 55th St, Los Angeles, CA 90011 is a well-kept 7-unit apartment building in a rapidly improving South LA pocket. Priced at $1,250,000, the property delivers a 6.52% current cap rate and 9.41 GRM, with 43% rental upside. At pro forma rents, the building stabilizes at an excellent 10.66% cap rate and 6.57 GRM, offering strong day-one income with meaningful room for growth.
Built in 1950, the asset sits on a 5,851 SF lot with 4,222 SF of building area, consisting of oversized one-bedroom units and a two-bedroom unit. Several units are Section 8, providing stable, consistent collections. The property also features a 3-car garage structure that is already a shell, offering a clear opportunity for conversion into an ADU (buyer to verify). This gives investors an additional, straightforward path to increase income and boost long-term returns.
With solid in-place performance, strong rental upside, and on-site ADU potential, 300 E 55th St is a rare sub-$2M asset positioned for both immediate cash flow and long-term value creation in one of LA's most active rental markets.
Built in 1950, the asset sits on a 5,851 SF lot with 4,222 SF of building area, consisting of oversized one-bedroom units and a two-bedroom unit. Several units are Section 8, providing stable, consistent collections. The property also features a 3-car garage structure that is already a shell, offering a clear opportunity for conversion into an ADU (buyer to verify). This gives investors an additional, straightforward path to increase income and boost long-term returns.
With solid in-place performance, strong rental upside, and on-site ADU potential, 300 E 55th St is a rare sub-$2M asset positioned for both immediate cash flow and long-term value creation in one of LA's most active rental markets.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Lake, Park, Street Lights, Sidewalks, Urban
Total Parking Spaces 9
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5101010021
Acceptable Financing Cash, Cash to New Loan, Conventional, Owner May Carry
Listing Terms Cash, Cash to New Loan, Conventional, Owner May Carry
Special Listing Condition Standard
Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559
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