300 E 55th St Los Angeles, CA 90011
South Park NeighborhoodEstimated payment $7,890/month
Highlights
- Community Lake
- Laundry Room
- 2-minute walk to South Los Angeles Wetlands Park
- Park
About This Home
300 E 55th St, Los Angeles, CA 90011 is a well-kept 7-unit apartment building in a rapidly improving South LA pocket. Priced at $1,250,000, the property delivers a 6.52% current cap rate and 9.41 GRM, with 43% rental upside. At pro forma rents, the building stabilizes at an excellent 10.66% cap rate and 6.57 GRM, offering strong day-one income with meaningful room for growth. Built in 1950, the asset sits on a 5,851 SF lot with 4,222 SF of building area, consisting of oversized one-bedroom units and a two-bedroom unit. Several units are Section 8, providing stable, consistent collections. The property also features a 3-car garage structure that is already a shell, offering a clear opportunity for conversion into an ADU (buyer to verify). This gives investors an additional, straightforward path to increase income and boost long-term returns. With solid in-place performance, strong rental upside, and on-site ADU potential, 300 E 55th St is a rare sub-$2M asset positioned for both immediate cash flow and long-term value creation in one of LA’s most active rental markets.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #02100737 Listed on: 12/08/2025
Co-Listing Agent
Brandon Maghen
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #02250000
Property Details
Home Type
- Apartment
Year Built
- Built in 1950
Lot Details
- 5,851 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 6 Open Parking Spaces
- 3 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 4,222 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 7 Bathrooms
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Legal Lot and Block 22 / G
- Tax Tract Number 1234
- Assessor Parcel Number 5101010021
- $1,074 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 2 Buildings
- 7 Units
- Community Lake
Recreation
- Park
Building Details
- 7 Leased Units
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $44,405
- Gross Income $132,828
- Net Operating Income $84,436
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $17,625 | $1,407,159 | $649,458 | $757,701 |
| 2024 | $17,625 | $1,379,569 | $636,724 | $742,845 |
| 2023 | $17,296 | $1,352,520 | $624,240 | $728,280 |
| 2022 | $17,820 | $1,326,000 | $612,000 | $714,000 |
| 2021 | $12,176 | $948,121 | $432,838 | $515,283 |
| 2020 | $12,301 | $938,400 | $428,400 | $510,000 |
| 2019 | $11,843 | $920,000 | $420,000 | $500,000 |
| 2018 | $10,014 | $759,492 | $301,716 | $457,776 |
| 2016 | $9,517 | $730,000 | $290,000 | $440,000 |
| 2015 | $6,896 | $510,000 | $200,000 | $310,000 |
| 2014 | -- | $489,441 | $222,684 | $266,757 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/16/2026 02/16/26 | Pending | -- | -- | -- | |
| 01/06/2026 01/06/26 | For Sale | $1,250,000 | 0.0% | $296 / Sq Ft | |
| 12/24/2025 12/24/25 | Off Market | $1,250,000 | -- | -- | |
| 12/08/2025 12/08/25 | For Sale | $1,250,000 | +19.0% | $296 / Sq Ft | |
| 04/26/2025 04/26/25 | Sold | $1,050,000 | 0.0% | $249 / Sq Ft | View Prior Sale |
| 04/26/2025 04/26/25 | Pending | -- | -- | -- | |
| 04/25/2025 04/25/25 | For Sale | $1,050,000 | +14.1% | $249 / Sq Ft | |
| 10/07/2018 10/07/18 | Sold | $920,000 | -7.5% | $218 / Sq Ft | View Prior Sale |
| 08/06/2018 08/06/18 | Pending | -- | -- | -- | |
| 06/27/2018 06/27/18 | For Sale | $995,000 | +36.3% | $236 / Sq Ft | |
| 07/22/2015 07/22/15 | Sold | $730,000 | +2.1% | $173 / Sq Ft | View Prior Sale |
| 04/02/2015 04/02/15 | Pending | -- | -- | -- | |
| 03/25/2015 03/25/15 | For Sale | $715,000 | +40.2% | $169 / Sq Ft | |
| 07/31/2014 07/31/14 | Sold | $510,000 | +2.2% | $121 / Sq Ft | View Prior Sale |
| 07/10/2014 07/10/14 | Pending | -- | -- | -- | |
| 07/09/2014 07/09/14 | For Sale | $499,000 | -- | $118 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25272472
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