1409 W 55Th Street, Los Angeles, CA 90062

About this property

Incredibly low expenses. High CAP rate. Completely rebuilt! Certificate Of Occupancy issued February 2020 converting the front structure from 4 units into 8. All 1 bedroom 1 bathroom. There is an additional stand alone unit above the garages in the back structure that consists of 3 bedrooms and 2 baths. Completely remodeled from electric, plumbing, and building systems to new floors, new kitchens and new bathrooms. Everything has been redone. There are five private garages that are all leased separately and on site washer and dryer to add cash flow monthly. Great opportunity in the heart of Exposition Park with exploding rents and property values. Just minutes from USC and the expo line. One garage vacant. OM available upon request.

Listing description from the February 2022 sale, as reported to CRMLS.

Sale history

$2,200,000

Sold February 2022 · listed $2,199,999, on market October 2021 · MLS #21792358 · Source: CRMLS

Listing Office: Clement Partners Real Estate · Contact: 310-822-7262 · Bought with: John Battle · Lee & Associates

$845,000

Sold September 2018 · listed $875,000, on market June 2018 · MLS #SR18149122 · Source: CRMLS

Listing Agent: Marc Gaspard · Listing Office: Park Regency Realty · Contact: 818-363-6116 · Bought with: Dan Kolodziejski · Clement Partners Real Estate

Explore Los Angeles