211 E 55th St Los Angeles, CA 90011
South Park Neighborhood
9
Beds
9
Baths
4,660
Sq Ft
4,886
Sq Ft Lot
About This Home
As of March 2024211 E 55th Street is 9 units in South LA, and just a quick drive to all of the developments and community attractions at Exposition Park, USC and DTLA. Unit mix is (3) 2+1's, (4) 1+1's and (2) Singles. Large value add offering at only $132k per door, 11.87 GRM on current rents, and $256 per RSF. Substantial rental upside at 105%, conservatively, with a 5.82 GRM and 12.61% cap rate at stabilized rents. All units are separately metered for gas & electricity. Great opportunity for a long-term hold Buyer to capture upside and reposition the asset while getting in at a great pricing basis. Tenants enjoy easy access and mobility around LA by being blocks from the 110 Freeway entrance/exits. **This property is part of a 3-building portfolio with 1861 W MLK Jr Blvd (12 Units) and 709 E 49th Street (2 Units). All 3 can be bought together or separate.**
Last Agent to Sell the Property
Avenue Realty Group License #02010400 Listed on: 08/29/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1912
Lot Details
- 4,886 Sq Ft Lot
- Lot Dimensions are 40x122
Interior Spaces
- 4,660 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Bathrooms
Utilities
- Heating System Mounted To A Wall or Window
Community Details
- 9 Units
Listing and Financial Details
- Tenant pays for gas, electricity
- The owner pays for water, gardener
- Assessor Parcel Number 5101-013-021
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/11/2025 06/11/25 | Price Changed | $1,550,000 | -10.7% | $333 / Sq Ft |
| 05/05/2025 05/05/25 | Price Changed | $1,735,000 | -3.3% | $372 / Sq Ft |
| 04/21/2025 04/21/25 | For Sale | $1,795,000 | 0.0% | $385 / Sq Ft |
| 04/20/2025 04/20/25 | Off Market | $1,795,000 | -- | -- |
| 01/21/2025 01/21/25 | For Sale | $1,795,000 | +88.9% | $385 / Sq Ft |
| 03/29/2024 03/29/24 | Sold | $950,000 | -20.5% | $204 / Sq Ft |
| 09/20/2023 09/20/23 | Pending | -- | -- | -- |
| 08/29/2023 08/29/23 | For Sale | $1,195,000 | +107.5% | $256 / Sq Ft |
| 08/05/2012 08/05/12 | Sold | $576,000 | -2.0% | $124 / Sq Ft |
| 07/02/2012 07/02/12 | Pending | -- | -- | -- |
| 06/20/2012 06/20/12 | For Sale | $588,000 | -- | $126 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Jonathan Rawson
Seller's Agent in 2025
Jonathan Rawson
Avenue Realty Group
(424) 293-1391
2 in this area
20 Total Sales
-
Doug Rodermund
Seller's Agent in 2012
Doug Rodermund
Morgan Skenderian
(949) 295-8560
19 Total Sales
-
D
Buyer's Agent in 2012
D. Danielle Hoston Wrighster
D Danielle Hoston Wrighster
Map
Source: The MLS
MLS Number: 23-305631
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