211 E 55TH STREET, LOS ANGELES CA 90011
- 4,660 sq.ft.
- 4,888 sq.ft. lot
Property Description
PRICE ADJUSTMENT! BRING ALL OFFERS! Rare opportunity to buy a building with 5 of 9 units delivered VACANT, giving a Buyer endless rental possibilities to hand pick their own tenants and generate substantial Day 1 cashflow! 2 of the 4 occupied units have been remodeled and are getting Section 8 market voucher rents! Diverse and top-heavy unit mix with (3) 2 Bed/1 Bath, (4) 1 Bed/1 Bath, and (2) Studio units. Of the 5 vacancies, 2 of them are remodeled and Section 8 move-in-ready, with the other 3 ready for a Buyer to renovate to their preference! In addition to 4 renovated units, the building has undergone remodeled hallways & common areas, electrical repairs, and all 9A work (i.e. EQ shut off valves, carbon and smoke monoxide detectors, water heater strapping and low flush toilets) has been completed. The property is separately metered for gas & electricity, and, with no on-site laundry room, common area utilities will remain low to help sustain a great NOI. Tenants are just a close 2 miles away from the evolving Exposition Park that now features The Lucas Museum of Narrative Art to go along with BMO Stadium, LA Coliseum, California Science Center & Natural History Museum, and USC's campus.
Listing Courtesy of Jonathan Rawson, Avenue Realty Group
Interior Features
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