Marvin Phillip
Y Realty
(562) 740-8346
32 Total Sales
1 in South Park
$550,000 Price
300 E 55th St Los Angeles, CA 90011
South Park Neighborhood
8
Beds
7
Baths
4,222
Sq Ft
5,851
Sq Ft Lot
About This Home
As of March 2026300 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.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #02100737 Listed on: 12/08/2025
Co-Listed By
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #02250000
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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 in unit
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
Amenities
- Laundry Facilities
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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 8, 2025
Closed on
Mar 3, 2026
Sold by
Bought by
Seller's Agent
Aaron Jacobson
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Shawn Mehrannia
Home Team Realty
List Price
$1,250,000
Sold Price
$1,160,000
Premium/Discount to List
-$90,000
-7.2%
Views
2
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,000
Outstanding Balance
$866,575
Interest Rate
6.1%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 25, 2025
Closed on
Mar 25, 2025
Sold by
Bought by
Seller's Agent
Danny Mahelka
Coldwell Banker Realty
Buyer's Agent
Natasha Reneau Jones
Coldwell Banker Realty
List Price
$1,050,000
Sold Price
$1,050,000
Views
10
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.84%
Original Mortgage
$820,000
Interest Rate
6.63%
Mortgage Type
Construction
Purchase Details
Closed on
May 12, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 27, 2018
Closed on
Aug 22, 2018
Sold by
Bought by
Seller's Agent
Ian Hollinger
BRC Advisors- BH
Buyer's Agent
Ian Hollinger
BRC Advisors- BH
List Price
$995,000
Sold Price
$920,000
Premium/Discount to List
-$75,000
-7.54%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Listed on
Mar 25, 2015
Closed on
Jul 9, 2015
Sold by
Bought by
Seller's Agent
Ian Hollinger
BRC Advisors- BH
Buyer's Agent
VINCENT MEDINA
List Price
$715,000
Sold Price
$730,000
Premium/Discount to List
$15,000
2.1%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.47%
Original Mortgage
$547,500
Interest Rate
3.98%
Mortgage Type
Commercial
Purchase Details
Listed on
Jul 9, 2014
Closed on
Jul 16, 2014
Sold by
Bought by
Seller's Agent
ROBERT COLEMAN
TITAN REAL ESTATE GROUP
Buyer's Agent
ROBERT COLEMAN
TITAN REAL ESTATE GROUP
List Price
$499,000
Sold Price
$510,000
Premium/Discount to List
$11,000
2.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.19%
Original Mortgage
$408,000
Interest Rate
4.12%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Park, CA
-
Marvin Phillip
-
Michelle Covington
Michelle Covington
Compass
(323) 416-3171
23 Total Sales
1 in South Park
$700,000 Price
-
Demetrius Brown
Demetrius Brown
CLRE Corporation
(424) 321-7126
17 Total Sales
1 in South Park
$640,000 Price
-
Jared Nuñez
Jared Nuñez
Ambiance Realty
(562) 568-7742
147 Total Sales
1 in South Park
$800,000 Price
-
Michele Steggell
Michele Steggell
Allianz Capital Group, Inc.
(657) 385-7371
47 Total Sales
1 in South Park
$570,000 Price
-
CHEVY ALA
CHEVY ALA
HOMEQUEST REAL ESTATE
(626) 602-8465
18 Total Sales
1 in South Park
$661,900 Price
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,160,000 | Ticor Title Company | ||
| $1,025,000 | Equity Title Company | ||
| $1,300,000 | Ticor Title | ||
| $920,000 | None Available | ||
| $730,000 | Commonwealth Land Title Co | ||
| $510,005 | Commonwealth Land 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 | Borrower | Loan Amount |
|---|---|---|---|
| Open | $870,000 | ||
| Closed | $820,000 | ||
| Previous Owner | $975,000 | ||
| Previous Owner | $840,000 | ||
| Previous Owner | $138,000 | ||
| Previous Owner | $690,000 | ||
| Previous Owner | $690,000 | ||
| Previous Owner | $547,500 | ||
| Previous Owner | $150,000 | ||
| Previous Owner | $408,000 |
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 |
|---|---|---|---|---|---|
| 03/17/2026 03/17/26 | Sold | $1,160,000 | -7.2% | $275 / Sq Ft | |
| 02/16/2026 02/16/26 | Pending | -- | -- | -- | |
| 01/06/2026 01/06/26 | For Sale | $1,250,000 | +7.8% | $296 / Sq Ft | |
| 12/24/2025 12/24/25 | Off Market | $1,160,000 | -- | -- | |
| 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)
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 | $17,836 | $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 |
Source: Public Records
Agents Affiliated with this Home
-
Aaron Jacobson
Seller's Agent in 2026
Aaron Jacobson
Lyon Stahl Investment Real Estate, Inc.
(310) 729-1559
3 in this area
49 Total Sales
-
Brandon Maghen
B
Seller Co-Listing Agent in 2026
Brandon Maghen
Lyon Stahl Investment Real Estate, Inc.
(310) 409-3908
1 in this area
1 Total Sale
-
Shawn Mehrannia
Buyer's Agent in 2026
Shawn Mehrannia
Home Team Realty
(213) 804-7177
1 in this area
55 Total Sales
-
Danny Mahelka
Seller's Agent in 2025
Danny Mahelka
Coldwell Banker Realty
(213) 359-4097
1 in this area
60 Total Sales
-
Natasha Reneau Jones
Buyer's Agent in 2025
Natasha Reneau Jones
Coldwell Banker Realty
(562) 668-1042
1 in this area
46 Total Sales
-
Nakia Reneau-holland
N
Buyer Co-Listing Agent in 2025
Nakia Reneau-holland
Coldwell Banker Realty
(310) 777-6200
1 in this area
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25272472
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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