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359 E 56th Street, Los Angeles CA 90011
359 E 56th Street, Los Angeles CA 90011
359 E 56th Street, Los Angeles CA 90011
359 E 56th Street, Los Angeles CA 90011
359 E 56th Street, Los Angeles CA 90011
359 E 56th Street, Los Angeles CA 90011
359 E 56th Street, Los Angeles CA 90011
359 E 56th Street, Los Angeles CA 90011
359 E 56th Street, Los Angeles CA 90011
California>Los Angeles>South Park

359 E 56th StreetLos Angeles, CA 90011

For Sale

$875,000

Smart Buyer Rebate $8,750

The subject property is a six-unit apartment complex located in South Los Angeles. The units were constructed in 1923 and contain 2,978 square feet. The apartments are situated on a large, 10,588 square foot lot which is zoned LAR2. The buildings consist of all one-bedroom units averaging just under 500 square feet each. The complex gives the feel of individual houses which make it very attractive to prospective tenants. Currently, the apartments are generating $8,112 per month and over $97,000 annually. Also, there is plenty of upside in the rents. At a GRM of 8.98 and $145,000 per unit. This is a great investment opportunity. In 2025, a Capital Improvement of $32,820 was invested in the roof. (That was not included in the regular expenses.)

Listed by Jerome McAlpin

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License #00939725

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McAlpin & Company

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310-437-4172

Last updated January 30, 2026

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Source: CRMLS #26641147

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouth Park
  • Bedrooms6
  • Days on Prevu10
  • Size2,976 sqft
  • Price per sqft$294

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

01/21/2026
Listed by McAlpin & Company
$875,000

Property Details for 359 E 56th Street

Exterior

Construction

  • Number Of Units Total: 6
  • Stories: 1
  • Year Built: 1923

Measurements

  • Building Area Total: 2,976
  • Lot Size Acres: 0.24
  • Lot Size Area: 10,591
  • Lot Size Square Feet: 10,591
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 6.94
  • Gross Income: $97,346.00

Taxes

  • Parcel Number: 5101010004

Interior

Measurements

  • Living Area: 2,976

Rooms

  • Bathrooms Total Integer: 6
  • Bedrooms Total: 6

Parking

Parking

  • Parking Features: Gated
  • Parking Total: 6

Utilities

Equipment

  • Heating: Wall Furnace
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 6 bedrooms in this multi-family home at 359 E 56th Street.

Does this multi-family home have parking?

Yes, there are 6 parking spaces available for 359 E 56th Street.

How does 359 E 56th Street compare to other multi-family homes in South Park?

This multi-family home is listed 9% below the average price for multi-family homes in South Park and has been on the market for 87 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 2,976 sqft.

359 E 56th Street is a 6-bedroom multi-family home for sale in Los Angeles CA 90011. Available on Prevu for 10 days at $875,000. This property features 2,976 square feet of living space, located in South Park. The median listing price for multi-family homes in this area is $762,000. The home offers parking. Explore more multi-family home listings in Los Angeles.

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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.