$890,000

Estimated payment $5,457/month

Total Views 540
8 Beds
4 Baths
3,284 Sq Ft
$271 Price per Sq Ft

Highlights

  • No HOA
  • Wrought Iron Fence
  • Heating System Uses Natural Gas
  • Laundry Room

About This Home

This well-maintained fourplex at 147 E 55th Street offers an excellent opportunity in a high-density Los Angeles submarket. Built in 1964 and featuring a newer roof, the property consists of four spacious 2-bedroom, 1-bathroom units. The 4,836 SQFT lot provides dedicated rear parking for each unit. Benefiting from years of professional management, the building is primed for stability, long-term rent growth and upon vacancy turnover a +/-70% upside in rents. Tenants enjoy effortless commuting with quick access to major freeways, placing Downtown LA, USC, and SoFi Stadium just minutes away.

Listing Agent

Derek Fowler

Re/Max Commercial & Investment Brokerage Email: dfowler@remax.net License #01319692 Listed on: 04/21/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,797

Year Built

  • Built in 1964

Lot Details

  • 4,836 Sq Ft Lot
  • Lot Dimensions are 40x120.83
  • 1 Common Wall
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,284 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Driveway
  • Assigned Parking

Outdoor Features

  • Rain Gutters

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 5331
  • Assessor Parcel Number 5101014015
  • $543 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $25,080
  • Gross Income $54,372
  • Net Operating Income $26,573

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,797

Year Built

Built in 1964

Lot Details

4,836 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 2.99
  • Improvements Percent: 66.78
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Zoning: LAR2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5101014015
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 271.01

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, On Site, Driveway, Uncovered
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Value Percent: 33.22
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 40x120.83
  • Lot Size Sq Ft: 4836.00
  • Lot Size Acres: 0.1110

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Average2 Bed Area: 780 Square Feet
  • Gross Income: 54372.00
  • Gross Multiplier: 16.37
  • Gross Operating Income: 51653.00
  • Gross Scheduled Income: 54372.00
  • Lot Size Area: 4836.0000 Square Feet
  • Net Operating Income: 26573.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 25080.00
  • Operating Expense Percent: 46.13
  • Rent Control: Yes
  • Total Expenses: 25080.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Taxes Percent: 1.27
  • Tax Lot: 16
  • Tax Tract Number: 5331.05
  • Tax Annual Amount: 8797.00
  • Tax Year: 2025
  • TaxOtherAnnualAssessmentAmount: 542.93

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,797 $695,184 $230,952 $464,232
2024 $8,657 $681,554 $226,424 $455,130
2023 $8,495 $668,191 $221,985 $446,206
2022 $8,108 $655,090 $217,633 $437,457
2021 $7,995 $642,246 $213,366 $428,880
2019 $7,761 $623,199 $207,039 $416,160
2018 $7,685 $610,980 $202,980 $408,000
2016 $5,148 $404,649 $154,994 $249,655
2015 $5,076 $398,571 $152,666 $245,905
2014 $5,116 $390,765 $149,676 $241,089
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/21/2026 04/21/26 For Sale $890,000 +128.8% $271 / Sq Ft
10/04/2012 10/04/12 Sold $389,000 0.0% $118 / Sq Ft View Prior Sale
09/10/2012 09/10/12 Pending -- -- --
09/03/2012 09/03/12 For Sale $389,000 -- $118 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $599,000 Old Republic Title Company
Grant Deed $389,000 Investors Title Company
Grant Deed $260,000 Investors Title Company
Interfamily Deed Transfer -- Investors Title Company
Grant Deed $50,500 Investors Title Company
Interfamily Deed Transfer -- Investors Title Company
Grant Deed $630,000 Southland Title Corporation
Interfamily Deed Transfer -- --
Grant Deed $234,000 American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $255,290 FHA
Previous Owner $504,000 Negative Amortization
Previous Owner $232,087 FHA
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB26086678

California Regional Multiple Listing Service (CRMLS)

APN: 5101-014-015

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