359 E 56th Street, Los Angeles, CA 90011 (MLS # 26641147)

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PRICE $875,000 dsIDX morgage calculator
BEDS 6
BATHS 6
HOME SIZE 2,976 sqft
LOT SIZE 10,590 sqft
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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.)

DAYS ON MARKET 5 LAST UPDATED 1/23/2026
YEAR BUILT 1923 COMMUNITY C42 - Downtown L.A.
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
AREA C42 - Downtown L.A.
HEAT Wall Furnace
LOT 10589 sq ft
LOT DIMENSIONS 10591
PARKING Gated
STORIES 1
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with McAlpin & Company

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