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$400,000
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Property Description
Welcome to 1156 S Alma, a legally zoned duplex with bonus income from a rented garage space. This centrally located South LA property is perfect for investors seeking stable cash flow from day one. The front unit is currently rented at $1,075/month, the rear unit at $650/month, and the detached garage brings in an additional $450/month - totaling $2,175 in monthly income. Each unit has its own charm and is fully occupied, offering strong rental upside. Located near major freeways, public transit, and within close proximity to USC, DTLA, and the Coliseum, this is a smart addition to any portfolio. Drive-by only - do not disturb tenants
Full Property Details
Full Property Details for 1156 S Alma Ave
General
- Sold For: $400,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: P1-22903
- Added to Site: 618 day(s) ago
Interior
- Fireplace(s): None
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Parking Features: Driveway
- Parking: Driveway
Location
- Area: ELA - East Los Angeles
- County: Los Angeles
- Development Name: ELA - East Los Angeles
- Driving Directions: Head North on S Alma Ave from E Olympic Blvd. Property on your left.
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- # Water Meters: 1
- # Gas Meters: 2
- # Electric Meters: 2
Structural Information
- Stories/Levels: One
- Stories Description: One
- Square Feet: 1,224
- Year Built: 1921
Lot Features
- Property View: None
- Lot Size (Acres): 0.1179
- Lot Size Source: Public Records
- Lot Description: No Sprinklers
Financial Considerations
- Price Per Sq. Ft.: $326.8
Listed by Keller Williams Realty, Brian Parsons
Sold by Keller Williams Realty, Lisa Kroese
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Schools
Schools serving 1156 S Alma Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Eastman Avenue Elementary School 4112 East Olympic Boulevard, Los Angeles, CA 90023 | K-5 | 0.3 mi |
Robert Louis Stevenson Middle School 725 South Indiana Street, Los Angeles, CA 90023 | 6-8 | 0.5 mi |
Hilda L. Solis Learning Academy School Of Technology, Business And Education 319 North Humphreys Avenue, Los Angeles, CA 90022 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1156 S Alma Ave
Date
Details
Price
Change
Source
9/15/2025
Sold
$400,000
0.25%
MLS
6/23/2025
Listed
$399,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1156 S Alma Avenue, Los Angeles, CA 90023 (MLS# P1-22903) is a Multi-Family property that was sold at $400,000 on September 15, 2025. Want to learn more about 1156 S Alma Avenue? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

