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A 4-Unit Property 147 E 55th St 4 Unit Apartment Building $890,000 ($222,500/Unit) 2.99% Cap Rate Los Angeles, CA 90011
Investment Highlights
- Very Well Maintained Building
- Four, Spacious Bedrooms
- Stability & Long Term Rent Growth
- Newer Roof
- Parking in the rear for each Unit
- Centrally Located Minutes to Downtown L.A., SoFi Stadium & USC
Executive Summary
This well-maintained fourplex at 147 E 55th Street offers an excellent opportunity in a high-density Los Angeles submarket. Built in 1964 and featuring a newer roof, the property consists of four spacious 2-bedroom, 1-bathroom units. The 4,836 SQFT lot provides dedicated rear parking for each unit. Benefiting from years of professional management, the building is primed for stability, long-term rent growth and upon vacancy turnover a +/-70% upside in rents. Tenants enjoy effortless commuting with quick access to major freeways, placing Downtown LA, USC, and SoFi Stadium just minutes away.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$54,372
|
$16.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,719
|
$0.83
|
| Effective Gross Income |
$51,653
|
$15.73
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$25,080
|
$7.64
|
| Net Operating Income |
$26,573
|
$8.09
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $54,372 |
| Annual Per SF | $16.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,719 |
| Annual Per SF | $0.83 |
| Effective Gross Income | |
|---|---|
| Annual | $51,653 |
| Annual Per SF | $15.73 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $25,080 |
| Annual Per SF | $7.64 |
| Net Operating Income | |
|---|---|
| Annual | $26,573 |
| Annual Per SF | $8.09 |
Property Facts
| Price | $890,000 | Apartment Style | Low-Rise |
| Price Per Unit | $222,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 2.99% | Building Size | 3,284 SF |
| Gross Rent Multiplier | 16.37 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.22/1,000 SF |
| Zoning | LAR2 | ||
| Price | $890,000 |
| Price Per Unit | $222,500 |
| Sale Type | Investment |
| Cap Rate | 2.99% |
| Gross Rent Multiplier | 16.37 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,284 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | LAR2 |
Amenities
- Smoke Detector
Unit Amenities
- Heating
- Kitchen
- Tub/Shower
- Lawn
Site Amenities
- Fenced Lot
- Recycling
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,315 | 780 |
| 2+1 | 1 | $1,170 | 780 |
| 2+1 | 1 | $1,150 | 780 |
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Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5101-014-015 | Improvements Assessment | $464,232 |
| Land Assessment | $230,952 | Total Assessment | $695,184 |
Property Taxes
Parcel Number
5101-014-015
Land Assessment
$230,952
Improvements Assessment
$464,232
Total Assessment
$695,184
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A 4-Unit Property | 147 E 55th St
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