2 months on rocket

1267 E 56th St, Los Angeles, CA, 90011

$1,250,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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1267 E 56th St, Los Angeles$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1940
MLS #SB24209241
Lot Size0.12 Acres
StatusActive

About 1267 E 56th St

7.30% Cap Rate! 1267 E 56th St is a fantastic investment opportunity for any investor or owner/user in a vibrant area of South Los Angeles. This 4-plex with 2 new ADU units are operating at a 7.30% Cap Rate with current tenants in place. Located in Historic South Central, this building boasts an excellent unit mix of (3) 1-Bed/1-Bath, and (1) 3-Bed/2-Bath, ideal for an owner/user. Highlighted by a massive 3-Bed/2-Bath front unit, this asset is ideal for an owner/user to live in a newly remodeled unit and cash flow from the remaining three. The offering presents any investor or owner/user the opportunity to acquire an incredible 4-Plex in one of LA’s quickly growing sub-pockets. Notably, two of the 1-Bed/1-Bath units are newly constructed ADUs, adding a valuable element to this investment opportunity. The entire building has been renovated and rented out at strong rents and will operate at a 7% cap rate for an investor. 1267 E 56thSt is located minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Arts District, as well as billions of dollars wroth of development in Downtown LA.

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Stories: 1

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 729-1559
  • Listing Agent: Aaron Jacobson

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Other

Directions Information:

  • Directions: West of Hooper

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000

Tax Information:

  • Annual Amount: $4,970
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

1267 E 56th St vs Los Angeles

67 DAYS ON ROCKET

+29 Days

$1,250,000

+$228.4K More

KEY TAKEAWAY

This property is $228.4K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SB24209241

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 729-1559
  • Listing Agent: Aaron Jacobson

IDX 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 10:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 11, 2015Home Sold
$365,000
Nov 10, 2010Home Sold
$277,000
Jul 12, 2010Home Sold
$186,027
Jan 22, 1998Home Sold
$169,000
May 29, 1997Home Sold
$64,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,970$399,177
2020$4,824$395,085
2019$4,743$387,339
2018$4,639$379,745
2017$4,639$372,300

History based on county public records data.

Payment Calculator

$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-800258
2
/10

  • Hooper Elementary School

  • 1225 E 52nd St

  • 0.29 miles

  • Public District Grades 1-5

school-card-donut-800259
5
/10

  • Aurora Elementary School

  • 1050 E 52nd Pl

  • 0.30 miles

  • Public District Grades KG-5

school-card-donut-800260
7
/10

  • Dr. Lawrence H. Moore Math / Science / Technology Academy

  • 1321 E 61st St

  • 0.53 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,029. Most Los Angeles, CA residents have annual incomes between $35k-100k. Residents typically live in married, with kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90011›1267 E 56th St

This home is located at 1267 E 56th St in Los Angeles, CA and zip code 90011 in the South LA neighborhood. This home, which was built in 1940, sits on a 0.12 acre lot. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $1,250,000.

In November 2024 more than 512 listings in Los Angeles, CA were sold above the asking price. During the same period more than 177 listings were sold at asking price, while more than 657 were sold below. The inventory of homes for sale in Los Angeles, CA between October 2024 and November 2024 decreased by 0.6%. While the average time on the market in November 2024 was 38 days, the median list price was $1,021,532.

From Rocket Homes Real Estate and based on county public records data.

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