300 E 55th Street, Los Angeles, CA 90011 (MLS # SB25272472)
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300 E 55th St, Los Angeles, CA 90011 is a well-kept 7-unit apartment building in a rapidly improving South LA pocket. Priced at $1,250,000, the property delivers a 6.52% current cap rate and 9.41 GRM, with 43% rental upside. At pro forma rents, the building stabilizes at an excellent 10.66% cap rate and 6.57 GRM, offering strong day-one income with meaningful room for growth. Built in 1950, the asset sits on a 5,851 SF lot with 4,222 SF of building area, consisting of oversized one-bedroom units and a two-bedroom unit. Several units are Section 8, providing stable, consistent collections. The property also features a 3-car garage structure that is already a shell, offering a clear opportunity for conversion into an ADU (buyer to verify). This gives investors an additional, straightforward path to increase income and boost long-term returns. With solid in-place performance, strong rental upside, and on-site ADU potential, 300 E 55th St is a rare sub-$2M asset positioned for both immediate cash flow and long-term value creation in one of LA's most active rental markets.
| DAYS ON MARKET | 3 | LAST UPDATED | 12/8/2025 |
|---|---|---|---|
| YEAR BUILT | 1950 | COMMUNITY | C42 - Downtown L.A. |
| GARAGE SPACES | 3.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AREA | C42 - Downtown L.A. |
|---|---|
| GARAGE | Yes |
| LOT | 5850 sq ft |
| LOT DIMENSIONS | 5851 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
| WATERFRONT DESCRIPTION | Lake |
TOTAL MONTHLY PAYMENT
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Based on information from California Regional Multiple Listing Service, Inc. as of 12/10/25 3:56 PM PST 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. Properties may or may not be listed by the office/agent presenting the information
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