Property Description

212 E 54th St is a three unit apartment complex located in South Los Angeles. Constructed in 1931 and sitting on a 5,330 SF Lot Zoned LARD1.5. Property consists of one building with (1) 4 Bedroom / 2 Bath paying $3,700 and (2) 1 Bedroom / 1 Bath units paying $1,600 each totaling 2,430 SF. The property line is fully fenced on all 4 sides including the gated entrance with front and back access. This investment presents an income generating opportunity at 10.33 GRM and 7.03% Cap Rate with current rents. Property has recent upgrades; All units are separately metered for gas and electricity. Tenants are all on month to month leases, subject to LA City rent control. All tenants are current on rent. Front House can be delivered vacant. Property will be sold as is.