1132 W 56th, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This Residential Income Duplex is a strategic Value-Add Asset listed at $699,000, positioned relative to a $590,312 Fair Market Value. Located in a high-demand corridor near USC and Downtown LA, the property offers consistent rental interest despite a Condition Rating of 5. While the century-old infrastructure requires a full rehab, the price aligns with recent local sales of multi-unit properties. Direct access to the 110 and 10 freeways and a Neighborhood View ensure long-term desirability. This acquisition represents a strategic opportunity for Buy-and-Hold Investors or Fix-and-Flip Investors seeking to force appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1132 W 56th Subject | $699,000* List Price | 0 | 0 | 1,758 | $336 | - |
A 1361 W Vernon Avenue Sold | $690,000 | 0 | 0 | 1,892 | $365 | 0.9 mi |
B 621 W 54th Street Sold | $722,000 | 0 | 0 | 1,790 | $403 | 0.6 mi |
C 725 727 W 50th Street Sold | $625,000 | 0 | 0 | 1,916 | $326 | 0.6 mi |
D 860 W 54th Active | $599,000 List Price | 0 | 0 | 1,875 | $319 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1923 (100+ years old) and the listing explicitly states it 'Needs TLC' and is being sold 'as-is' with no credits or repairs. This indicates significant deferred maintenance and the need for a full rehab of systems and interiors to meet modern standards.
Situated near a major university and Downtown LA, this property is in a high-demand rental corridor, ensuring consistent interest from tenants and investors.
Direct access to the 110 and 10 freeways provides seamless commuting to the employment and cultural hubs of Greater Los Angeles.
As a duplex in a strategically positioned area, the property offers a versatile opportunity for multi-unit rental income or a house-hacking strategy.
The property requires 'TLC' and is being sold in 'as-is' condition with no credits or repairs, indicating a need for immediate capital expenditure.
Built in 1923, the structure may require extensive updates to its core systems to meet modern standards and building codes.
1132 W 56th St is a duplex that sits in one of LA's most strategically positioned corridors with high, consistent rental and investor interest. Located within a short distance to one of LA's largest universities. Minutes from Downtown LA's employment, entertainment, and cultural core. Direct access to the 110 and 10 freeways that connects to all of Greater LA and surrounding cities with ease. Needs TLC. No credits. No Repairs. Sold as-is.
No exterior & parking available.
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 | 1,758 | 1,904 | 22% |
| Lot Size | 5,122 | 5,249.5 | 50% |
| Price | $699.0K | $897.5K | 22% |
| Price per sq ft | $398 | $389 | 56% |
| Built year | 1923 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 202 | 6% |
Apr 21, 2026
$699,000
Initial Listing