211 E 55th Street, Los Angeles, CA 90011

• 4,660 sqft

Property Description

211 E 55th St is 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 $158k 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. 6 of 9 units were recently remodeled, with all 6 of those units getting in-place market rents. (1) 1 Bed/1 Bath unit is vacant and ready for renovation & remodel. 7.31% current cap rate and 8.21x current GRM once the vacant unit is 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

Listing Status:

Active

Date Added:

February 16, 2026

Data Last Updated:

April 16, 2026 at 6:06AM

Listing Office:

Avenue Realty Group : 310-433-4293

Listing Agent:

Jonathan Rawson : 310-869-9137

MLS ID:

CL26652631

Interior

• Laundry: No Hookups
• Heating: Wall Furnace

Exterior

• Parking: Assigned

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LAR25101013021

Financial

• Source: CRMLS