225 W 56th St, Los Angeles, CA 90037

Address 225 1/2 W 56th St Los Angeles, CA 90037
Brand new!!! Discover comfort and efficiency in this brand-new 360 sq. ft. Accessory Dwelling Unit featuring a... bright open floor plan and thoughtful modern finishes. The inviting living space flows seamlessly into a contemporary kitchen equipped with a full-size refrigerator, stove, and a stylish farmhouse sink — perfect for everyday living or entertaining. A spacious, private bathroom offers convenience and comfort, complete with an in-unit washer and dryer for added ease. Enjoy shared access to a beautifully maintained backyard, ideal for relaxing or outdoor gatherings. Perfect for those seeking a modern, self-contained living space with a touch of charm, this ADU offers both functionality and style in one compact design. This property requires a Tier-2 application to qualify, which means: 1. Three years of good rental references or homeownership with no late payments. No evictions no exceptions. 2. A minimum credit score of 700 on the Transunion Credit Report we pull with at least 3 years of positive credit history: No past due accounts, collections, or judgments. Note: Credit reporting agencies weigh their scoring factors differently, and scores vary between companies and whether the credit is a soft or hard pull. 3. Verifiable, combined, gross monthly income of at least 2.5X the monthly rent amount after deducting for estimated monthly payments based on the Experian credit report (Examples - payments for Credit cards, student loans, autos loans and mortgages). a. Income Requirement Calculator: We utilize an Income Required Calculator that determines the minimum income needed for any given property and applicant. b. Verifiable cash reserves amounting to at least 12x the rent will reduce the income requirement proportionately. c. Mortgages: Monthly mortgage payments may be partly or wholly removed from the income requirement when an applicant sufficiently demonstrates that the property is selling/sold or that rental income offsets the mortgage payment. Applications are reviewed on a first-come, first-served basis for all completed applications. All applications are processed in compliance with Fair Housing Law. We comply fully with all federal, state, and local Fair Housing laws and do not discriminate based on race, color, religion, sex, gender identity, s*xual orientation, national origin, familial status, disability, source of income, or other protected class under California law. Tenant occupancy cannot exceed 2 people. We reserve the right to inspect the unit with advanced notice. Utilities paid: Water only. Renter pays for garbage, sewer, electric. No pets or smoking allowed. Street parking only. Follow rules outlined in lease terms. Read More