147 E 55th, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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Los Angeles, California 90011
This Value-Add Quadruplex Asset represents a High-Potential Investment Opportunity with a List Price of $890,000—positioned well below the $995,903 Fair Market Value by 10%. This valuation gap offers $105,903 in Instant Equity for the incoming owner. While maintaining a Condition Rating of 4 with a newer roof and professional management, the property features a projected 70% rental upside upon unit turnover. Located in a high-density submarket near USC and Downtown LA, this asset is primed for forced appreciation. It is a strategic acquisition for Buy-and-Hold Investors or Value-Add Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 147 E 55th Subject | $890,000* List Price | 0 | 0 | 3,284 | $303 | - |
A 5123 S San Pedro St Sold | $775,000 | 0 | 0 | 2,517 | $308 | 0.2 mi |
B 437 Park Front Active | $650,000 List Price | 0 | 0 | 2,528 | $257 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this 60-year-old property is described as well-maintained with a newer roof, but the significant 70% rent upside potential strongly indicates that the kitchens, baths, and interior finishes are dated and require modernization to meet current market standards.
The property features a projected 70% upside in rents upon vacancy turnover, offering investors substantial potential for long-term income growth and value appreciation.
Situated in a high-density submarket with quick access to major freeways, the property is minutes from Downtown LA, USC, and SoFi Stadium, ensuring high tenant demand.
Benefiting from years of professional management and a newer roof, the building offers a level of stability and reduced immediate maintenance concerns for a 1960s asset.
The majority of local schools are rated 2 or 3 out of 10, which may deter families and impact the long-term desirability of the location for certain tenant profiles.
With four units on a 4,836 SQFT lot, the property has limited outdoor space and high density, which may restrict future expansion or the addition of tenant amenities.
This well-maintained fourplex at 147 E 55th Street offers an excellent opportunity in a high-density Los Angeles submarket. Built in 1964 and featuring a newer roof, the property consists of four spacious 2-bedroom, 1-bathroom units. The 4,836 SQFT lot provides dedicated rear parking for each unit. Benefiting from years of professional management, the building is primed for stability, long-term rent growth and upon vacancy turnover a +/-70% upside in rents. Tenants enjoy effortless commuting with quick access to major freeways, placing Downtown LA, USC, and SoFi Stadium just minutes away.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.2 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,284 | 2,053 | 86% |
| Lot Size | 4,836 | 5,288 | 20% |
| Price | $890.0K | $745.0K | 71% |
| Price per sq ft | $271 | $349 | 29% |
| Built year | 1964 | 1920 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 198 | 3% |
Apr 21, 2026
$890,000
Initial Listing
Dec 30, 2016
$599,000
Public Record
Oct 4, 2012
$389,000
Public Record
May 17, 2010
$260,000
Public Record
Aug 1, 2007
$50,500
Public Record
May 5, 2006
$630,000
Public Record
May 12, 2000
$234,000
Public Record