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211 E 55Th St, Los Angeles, CA 90011
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211 E 55Th St Los Angeles, CA 90011

$950,000 Sold Price as of 03/29/2024
  • 10 Beds
  • 9 Baths
  • 4,660 Sq.Ft.
Sold
$950,000 Sold Price as of 03/29/2024 Refinance Your Mortgage
Map preview of 211 E 55Th St, Los Angeles, CA 90011

Property Overview: 211 E 55Th St Los Angeles, CA has 10 bedrooms, 9 bathrooms, 4,660 living square feet and 4,886 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 211 E 55th Street is 9 units in South LA, and just a quick drive to all of the developments and community attractions at Exposition Park, USC and DTLA. Unit mix is (3) 2+1's, (4) 1+1's and (2) Singles. Large value add offering at only $132k per door, 11.87 GRM on current rents, and $256 per RSF. Substantial rental upside at 105%, conservatively, with a 5.82 GRM and 12.61% cap rate at stabilized rents. All units are separately metered for gas & electricity. Great opportunity for a long-term hold Buyer to capture upside and reposition the asset while getting in at a great pricing basis. Tenants enjoy easy access and mobility around LA by being blocks from the 110 Freeway entrance/exits. **This property is part of a 3-building portfolio with 1861 W MLK Jr Blvd (12 Units) and 709 E 49th Street (2 Units). All 3 can be bought together or separate.**

Listed by Jonathan Rawson | BRE #02010400 | Avenue Realty Group
Last checked: 13 seconds ago | Last updated: March 30th, 2024 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
4,886
HOA Dues
$0/mo
Year built
1912
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23305631
City
Los Angeles
County
Los Angeles
Time on Site
257 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,043
  • Total Rent: $3,131
  • Pro Forma/Market Rent: $6,750
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $940
  • Total Rent: $3,760
  • Pro Forma/Market Rent: $7,580
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $748
  • Total Rent: $1,495
  • Pro Forma/Market Rent: $2,790
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.62%
  • Gross Rent Multiplier: 11.87
  • Gross Scheduled Income: --
  • Net Operating Income: $55,227
  • Gross Operating Income: $97,613
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 211 E 55Th St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 9
  • Parcel Number: 5101013021
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Slauson, West of Avalon, East of 110 Fwy
View more facts & features

Local Los Angeles Agent

Sale History for 211 E 55Th St

Last sold for $950,000 on March 29th, 2024

  • March, 2024

  • Mar 29, 2024

    Date

    Sold

    CRMLS: 23305631

    $950,000

    Price

  • Aug 29, 2023

    Date

    Active

    CRMLS: 23305631

    $1,195,000

    Price

  • July, 2012

  • Jul 26, 2012

    Date

    Sold (Public Records)

    Public Records

    $576,000

    Price

  • June, 2012

  • Jun 13, 2012

    Date

    Sold (Public Records)

    Public Records

    $540,000

    Price

Show More

Tax History for 211 E 55Th St

Assessed Value (2020): $648,560
Year Land Value Improved Value Assessed Value
2020 $281,268 $367,292 $648,560

Home Value Compared to the Market

This property vs the competition

211 E 55Th St sold on March 29, 2024 for 0.42% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $256.44 per/sqft which puts the price per square foot 66.03% lower than the current median sale per square foot for the city of Los Angeles.

About 211 E 55Th St

Detailed summary of property

211 E 55Th St is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 10 bedrooms, 9 bathrooms, roughly 4,660 living square feet, and sits on an approximately 4,886 square foot lot. 211 E 55Th St was first listed on ArdentRealEstateGroup.com on August 29, 2023. The homeowner sold the property for $950,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 0.42% higher than the current median priced home. Local homes that are currently for sale include 6207 S Figueroa St, 348 E 68th St and 4024 Woodlawn Ave. While the average home in Los Angeles, CA is selling in 93 days, 211 E 55Th St has a days on market of 22 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 211 E 55Th St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 211 E 55Th St

Public county record property details
Beds
9
Baths
9
Year built
1912
Sq. Ft.
4,660
Lot Size
4,886
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5101-013-021

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$457
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
40
Median Sale to List Price %
104.76%
Avg Days on Market
54
Loan Type
Conventional (33.33%), FHA (25%), VA (0%), Cash (33.33%), Other (8.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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