Date
Details
Price
Change
Source
1/21/2026
Listed
$875,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$875,000
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Property Description
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.)
Full Property Details
Full Property Details for 359 E 56th St
General
- Price: $875,000
- Status: Active
- Type: Multi-Family
- Source: CLAW
- MLS ID: 26641147
- Updated: 1/23/2026
- Added to Site: 20 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 6
Bedrooms
- Total Bedrooms: 6
Additional Information
- Other Features: None
Parking
- Garage Description: Gated
Location
- Area: Downtown L.A.
- County: Los Angeles
- Driving Directions: North of Slauson between San Pedro and Avalon
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall
Structural Information
- # Buildings: 3
- Stories/Levels: 0
- Square Feet: 2,976
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1923
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 6
- Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.2431
- Lot Size: 10591
- Lot Size Source: Vendor Enhanced
- Zoning: LAR2
Financial Considerations
- Price Per Sq. Ft.: $294.02
- Assessment Year: 1923
- Owner Pays: Gardener, Water
- Tenant Pays: Electricity, Gas
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5101-010-004
Listed by McAlpin & Company, Jerome McAlpin
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 359 E 56th St —
Jerome McAlpin
McAlpin & Company
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 359 E 56th St
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Estrella Elementary School 120 East 57th Street, Los Angeles, CA 90011 | K-5 | 0.3 mi |
Los Angeles Academy Middle 644 56th Street, Los Angeles, CA 90011 | 6-8 | 0.2 mi |
Social Justice Schools: Fine Arts Academy At Dr. Maya Angelou Community High 300 East 53rd Street, Los Angeles, CA 90011 | 9-12 | 0.2 mi |
Thomas Jefferson Senior High School 1319 East 41st Street, Los Angeles, CA 90011 | 9-12 | 1.6 mi |
Nava College Preparatory Academy 1319 East 41st Street, Los Angeles, CA 90011 | 9-12 | 1.6 mi |
Santee Education Complex 1921 S. Maple Ave., Los Angeles, CA 90011 | 9-12 | 2.6 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 359 E 56th St
Tax History
Tax History for 359 E 56th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,997
4%
$322,690
4%
2023
$4,818
4%
$310,162
2%
2022
$4,634
1%
$304,081
2%
2021
$4,571
-1%
$298,120
1%
2020
$4,604
3%
$295,064
2%
2019
$4,461
4%
$289,279
2%
2018
$4,277
3%
$283,608
2%
2017
$4,153
3%
$278,048
2%
2016
$4,040
1%
$272,597
2%
2015
$3,992
-1%
$268,504
2%
2014
$4,046
—
$263,245
—
2013
$4,036
—
$262,056
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 359 E 56th St
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- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 1Total Bath
- 1,072Sq. Ft.
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359 E 56th St, Los Angeles, CA 90011 (MLS# 26641147) is a Multi-Family property with units containing 6 bedrooms and 0 full bathrooms. 359 E 56th St is currently listed for $875,000 and was received on January 21, 2026. Want to learn more about 359 E 56th St? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.