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211 E 55th St
Los Angeles, CA 90011 Vernon-Main

$1,495,000 USD

Apartments For Sale • 4,660 SF

Property Details

Property Type Apartments
Total Building Size 4,660 SF
Lot Size 0.11 AC
Building Class C
Year Built 1912
Cap Rate 7.41 %
Zoning R3-1, Los Angeles

63 Transit Score

77 Walk Score

                
                    Highlights
                
                                • Attractive Price Per Unit – 9 Units Offered at Only $166,111 Per Unit
                            
                                • Desirable & Balanced Unit Mix – (3) 2 Bed / 1 Bath, (4) 1 Bed / 1 Bath, and (2) Large Studio Units & (4) On-Site Parking Spaces For Tenants 
                            
                                • Extensive Interior Renovations – 7 of 9 Units Recently Remodeled and Achieving Market Rents
                            
                                • Immediate Lease-Up Opportunity – (2) Renovated 1 Bed / 1 Bath Units Delivered Vacant — Move-In Ready and  Currently Being Marketed for Rent
                            
                                • Strong In-Place Returns – 7.41% Cap Rate and 8.22x GRM Once Vacant Units Are Leased
                            
                                • Significant Rental Upside Potential – (2) Below-Market, Non-Renovated Units Offering Approximately 140% Future Rental  Upside

Property Flyers

211 E 55th Street - OM

Financial Summary (Actual)

Net Operating Income: $110,711 USD (2026)

Cap Rate:	7.41 %
Total Expenses:	$62,022 USD

Amenities

24 Hour Access
Fenced Lot
Fireplace
Ceiling Fans
Kitchen

Public Transportation

Commuter Rail	Drive	Walk	Distance
	11 min	-	5.4 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	14 min	-	7.1 mi
Airport	Drive	Walk	Distance
Los Angeles International	20 min	-	10.4 mi
Long Beach (Daugherty Field)	26 min	-	18.7 mi
Bob Hope	31 min	-	22.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes

Jonathan Rawson 310-869-9137 Avenue Realty Group/ARG Commercial

211 E 55th St Los Angeles, CA 90011 Vernon-Main