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    738 W 56TH St

    Los Angeles, CA 90037
    • $1,125,000
    • STATUS: Active
    • ON SITE: 59 days
    • ID#: 20-572530
    UPDATED: 39 min ago
    $1,125,000
    • 4
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,614
      SQFT
    • $311
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    GRM 13.1 CURRENT CAP RATE OF 5.7% along with 50% Upside Potential! Amazingly located on the C2 ZONED CORNER LOT of S Hoover and W 56th St directly below USC & Exposition Park, this beautiful, well maintained 4 unit building with great cash flow is the perfect value add you have been waiting for at an incredible value! Property is offered at an extremely low cost per unit of $281K/Unit. Great unit mix of 3 beds and 1 bed + Den, perched at a quiet tree-lined street, half of this great income property's units come fully renovated with open floor plan, brand new kitchen featuring Quartz style countertops, tastefully upgraded bathroom, brand new double pane windows, hardwood-style flooring, and Recessed Lighting. All utilities separately metered, 4,865 SF C2 TOC Tier 2 lot shows promising future development potentials with SoFi Stadium just a few miles down, having easy access to DTLA and with Metro Expo Line.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T21:42:38.07. 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.
    www.lydiagable.com/homes/108052053
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    738 W 56TH St Los Angeles, CA 90037

    • Price: $1,125,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: 20-572530
    4
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,614
    SQFT
    $311
    $/SQFT
    1923
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    GRM 13.1 CURRENT CAP RATE OF 5.7% along with 50% Upside Potential! Amazingly located on the C2 ZONED CORNER LOT of S Hoover and W 56th St directly below USC & Exposition Park, this beautiful, well maintained 4 unit building with great cash flow is the perfect value add you have been waiting for at an incredible value! Property is offered at an extremely low cost per unit of $281K/Unit. Great unit mix of 3 beds and 1 bed + Den, perched at a quiet tree-lined street, half of this great income property's units come fully renovated with open floor plan, brand new kitchen featuring Quartz style countertops, tastefully upgraded bathroom, brand new double pane windows, hardwood-style flooring, and Recessed Lighting. All utilities separately metered, 4,865 SF C2 TOC Tier 2 lot shows promising future development potentials with SoFi Stadium just a few miles down, having easy access to DTLA and with Metro Expo Line.
    Exterior Features

    Lot Size Area 4866 Other Structures Other Parking Garage Other Total Parking 6

    Interior Features

    Baths Total 4.00 Cooling Wall Unit(S) Equipment Range/OvenRefrigerator Heating Wall

    Property Features

    Gross Income 0 Gross Operating Income 0 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 0.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 0 Type Of Units 2/3 Bd 2/1Bd Year Built Source Assessor Zoning Lac2

    Listing provided courtesy of Vinnie Park DRE#02015848 of Coldwell Banker Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T21:42:38.07. 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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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377