$1,495,000

211 E 55th Street, Los Angeles, CA 90011

10 beds |
9 baths |
4,660 sqft

Multi-Family Home
Built in 1912
4,887sqft lot
—— car garage
$321/sqft
Listed 22 hours ago

Property Description

Jon Rawson is pleased to present 211 E 55th St, a well-kept and recently remodeled 9-unit apartment building located in the rapidly improving South Los Angeles pocket. The property is being offered at a lucrative $166k Price Per Unit with a desirable and balanced unit mix of (3) 2 Bed/1 Bath, (4) 1 Bed/1 Bath & (2) Large Studio Units, with on-site parking for 4 units. 7 of 9 units were recently remodeled, with 5 of those units getting in-place market rents. (2) of the renovated 1 Bed/1 Bath units just finished renovation and are market rent move-in-ready. 7.41% current cap rate and 8.22x current GRM once both vacant units are leased. The 2 non-renovated and below market units offer approximately 140% future rental upside. All units are separately metered for gas & electricity. In addition to renovated units, the common area hallways have been renovated, the exterior has been repainted with new trim, electrical repairs, 9A work completed, and more. 211 E 55th St offers a central urban setting just minutes south of Downtown Los Angeles. The surrounding area features a mix of residential streets, local markets and neighborhood restaurants. South Los Angeles benefits from its strategic location with easy access to major freeways such as the I-10, I-110, and I-405, providing seamless connectivity to Downtown, employment hubs, and the greater Los Angeles area. The property is less than 2 miles from Exposition Park, the Natural History Museum, and the upcoming $1B Lucas Museum of Narrative Art (opening September 2026), 2.25 miles from USC, and just over 3 miles from Crypto.com Arena and the LA Convention Center, placing tenants close to some of Los Angeles' most iconic cultural and entertainment destinations.

Listing Status:: Active
Date Added:: February 16, 2026
Data Last Updated:: February 17, 2026 at 4:17AM
Listing Office:: Avenue Realty Group : 310-433-4293
Listing Agent:: Jonathan Rawson : 310-869-9137
MLS ID:: 26652631

General: Ceiling Fan(s)
Laundry: None
Heating: Wall Furnace

Parking: AssignedParking spaces: 4

General: 2

Originating MLS: CRMLS_CL
County: Los Angeles

Zoning: LAR25101013021

Source: CRMLS_CL

This listing courtesy of Jonathan Rawson , Avenue Realty Group

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Main Street Elementary School

129 E 53rd St, Los Angeles, CA, 90011

Grades KG-5

0.17 miles away

Los Angeles Academy Middle School

644 E 56th St, Los Angeles, CA, 90011

Grades 6-8

0.42 miles away

Maya Angelou Community High School

300 E 53rd St, Los Angeles, CA, 90011

Grades 9-12

0.25 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.