359 E 56th Street, Los Angeles, CA 90011

• 2,976 sqft

Property Description

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.)

Listing Status:

Active

Date Added:

January 21, 2026

Data Last Updated:

February 8, 2026 at 12:07AM

Listing Office:

McAlpin & Company : 310-437-4172

Listing Agent:

Jerome McAlpin : 310-437-4172

MLS ID:

CL26641147

Interior

• A/C: None
• Heating: Wall Furnace

Exterior

• Parking: Other

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LAR25101010004

Financial

• Source: CRMLS