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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$ 1,195,000
Est. payment | /mo
2,066 SqFt
$ 1,195,000
Est. payment | /mo
2,066 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,066 sqft
Price per Sqft $578
MLS Listing ID CRSB25269968
HOA Y/N No
Year Built 1940
Lot Size 5,392 Sqft
Property Sub-Type Quadruplex
Source Datashare California Regional
Property Description
1267 E 56th Street presents an opportunity to acquire a stable, income-producing four-unit property in the heart of Los Angeles. Spread across 2,066 square feet on a 5,392 square foot lot, the property features a well-balanced unit mix of (3) 1 Bedroom/1 Bath units and (1) 3 Bedroom/2 Bath unit. The asset generates a strong $10,164 in monthly rental income, supported entirely by Section 8 tenancy, providing investors with secure, government-backed rent payments and exceptional income reliability. With an impressive 7.87% cap rate and 9.80 GRM, this property stands out as a high-yield investment with dependable performance and minimal collection risk. Residents benefit from the property's central South LA location, offering convenient access to major employment centers, public transit lines, and key corridors connecting to Downtown Los Angeles and the surrounding metro area. The combination of strong in-place income, stable tenancy, and an efficient unit mix makes 1267 E 56th Street an ideal acquisition for investors seeking immediate cash flow and long-term portfolio strength.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Inside
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745