134 E 56th, Los Angeles, California 90011, Los Angeles, 90011 - 3 bed, 2 bath
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Los Angeles, California 90011
This Value-Add Residential Asset represents a Strong Value Opportunity with a List Price of $550,000—positioned well below the $586,621 Fair Market Value by 6%. This valuation gap provides $36,621 in Instant Equity for buyers prepared to address its Condition Rating of 5. The LAR2-zoned lot and detached rear structure offer significant upside for ADU potential or multi-unit expansion near Downtown LA. This project is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking forced appreciation in a high-demand corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 134 E 56th Subject | $550,000* List Price | 3 | 2 | 1,412 | $421 | - |
A 334 E 57th Sold | $585,000 | 3 | 1 | 1,260 | $464 | 0.2 mi |
B 5131 Woodlawn Avenue Sold | $555,000 | 3 | 2 | 1,168 | $475 | 0.3 mi |
C 911 E 55th Street Sold | $545,000 | 3 | 1 | 1,239 | $440 | 0.8 mi |
D 120 E 47th Sold | $551,000 | 3 | 1 | 1,120 | $492 | 0.7 mi |
E 877 E 47th Street Pending | $599,000 List Price | 3 | 1 | 1,302 | $460 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1911, this property requires substantial rehabilitation to meet modern standards. The kitchen is severely outdated with damaged cabinetry and a dated drop-ceiling, while the bathrooms and bedrooms show significant wear and aged finishes. Marketed as a 'value-add' property, it features old wall heaters and requires major updates to its primary systems and interior aesthetics.
The LAR2-zoned lot and detached rear structure provide significant upside for expansion, ADU construction, or multi-unit development in a high-demand area.
Built in 1911, this home features original architectural details and a functional 3-bedroom layout that offers a charming foundation for restoration.
The property is ideally situated near Downtown Los Angeles and major freeways, offering excellent accessibility for commuters and proximity to urban amenities.
Marketed as a 'value-add' property, the home requires updates to the kitchen and interior finishes to meet modern living standards and maximize equity.
Most assigned public schools in the immediate vicinity carry low performance ratings, which may limit the property's appeal to education-focused families.
Welcome to 134 E 56th Street, a 3-bedroom, 2-bath Craftsman home offering approximately 1,412 sq ft of living space on a 5,106 sq ft LAR2-zoned lot. This property presents a unique opportunity for investors, and anyone seeking a value-add project in a centrally located Los Angeles neighborhood. The home features classic Craftsman architecture, a spacious floor plan, generous living and dining areas, a long driveway, and a detached rear structure offering additional possibilities. The LAR2 zoning may provide opportunities for future development, expansion, or ADU potential, subject to buyer verification. Property does require foundation replacement. Conveniently located near Downtown Los Angeles, major freeways, schools, shopping, and employment centers. Ideal opportunity for someone looking to renovate, reposition, develop, or hold as a long-term asset.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.2 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 1,412 | 1,100 | 82% |
| Lot Size | 5,106 | 4,825 | 68% |
| Price | $550.0K | $550.0K | 50% |
| Price per sq ft | $390 | $507 | 15% |
| Built year | 1911 | 1910 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 160 | 3% |
Apr 11, 2026
$550,000
Initial Listing