Michele Steggell
Allianz Capital Group, Inc.
(657) 385-7371
48 Total Sales
1 in South Park
$570,000 Price
359 56th St Los Angeles, CA 90011
South Park Neighborhood
6
Beds
6
Baths
2,976
Sq Ft
10,591
Sq Ft Lot
Highlights
- Gated Parking
- 1-Story Property
- 2-minute walk to South Los Angeles Wetlands Park
- 0.24 Acre Lot
About This Home
As of May 2026The 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.)
Last Agent to Sell the Property
McAlpin & Company License #00939725 Listed on: 01/21/2026
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Interior Spaces
- 2,976 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Parking
- 6 Parking Spaces
- Gated Parking
Additional Features
- 10,591 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for gardener, water
- Assessor Parcel Number 5101-010-004
Community Details
Overview
- 3 Buildings
- 6 Units
Building Details
- Vacancy Allowance $1,947
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Park, CA
-
Michele Steggell
-
CHEVY ALA
CHEVY ALA
HOMEQUEST REAL ESTATE
(626) 602-8465
18 Total Sales
1 in South Park
$661,900 Price
-
Laura Dandoy
Laura Dandoy
The Real Estate Resource Group
(626) 784-4821
258 Total Sales
1 in South Park
$330,000 Price
-
Harry Eaves
Harry Eaves
Keller Williams Coastal Prop.
(669) 208-7941
31 Total Sales
1 in South Park
$610,000 Price
-
Erica Walden
Erica Walden
Responds QuicklyCompass
(424) 372-0972
39 Total Sales
1 in South Park
$540,000 Price
-
Melissa Barlow
Melissa Barlow
Responds QuicklyElite Representation Real Estate
(424) 704-9071
43 Total Sales
2 in South Park
$732K - $1.1M Price Range
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 |
|---|---|---|---|---|
| 05/18/2026 05/18/26 | Sold | $860,000 | -1.7% | $289 / Sq Ft |
| 03/20/2026 03/20/26 | Pending | -- | -- | -- |
| 01/21/2026 01/21/26 | For Sale | $875,000 | -- | $294 / Sq Ft |
Source: The MLS
Agents Affiliated with this Home
-
Jerome McAlpin
Seller's Agent in 2026
Jerome McAlpin
McAlpin & Company
(310) 902-8977
2 in this area
33 Total Sales
Map
Source: The MLS
MLS Number: 26641147
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.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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