529 W 56th Street
Los Angeles, CA 90037
- – beds
- – baths
- – sqft
- 5,402 sqft lot
- 1929 build
- – on site
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Incredible Owner/Investor opportunity awaits for this stellar three-unit property in South Los Angeles. This is a property one can truly maximize so much out of in the coming years as South LA is seeing an incredible revitalizing multi-family housing boom and construction throughout west and east of the 110 freeway. The possibilities are endless. Front structure currently has two 1 Bedroom 1 Bath units, with one long term tenant currently in place. Individual parking space area currently being used by both. Long driveway allows for 2-3 cars in addition for the back unit. The upper back unit currently is a 2 Bedroom 1 Bath unit with a long term tenant that will be vacating prior to COE!!! In addition to that there are four garage spaces. Per seller and city, two of the spaces can be converted to an ADU giving you a 4th UNIT and make an aggressive owner/user cash flowing fourplex. With demand in the area for rentals skyrocketing this could be an ideal entry property for a buyer looking to start a portfolio in a great rental market with an incredible upside.
Listed By CRMLS_CA / Luis Amaya / Palm Realty Boutique, Inc.
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Last updated Apr 5, 2024
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MLS# SB20198134 —
Walk Score®
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Soundscore™
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/24/20
Dec 24, 2020
|
Sold | CRMLS_CA | $670,000 | |
10/28/20
Oct 28, 2020
|
Pending | CRMLS_CA | $670,000 | |
10/7/20
Oct 7, 2020
|
Listed / Active | CRMLS_CA | $670,000 |