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 | $415 | - |
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 The kitchen is severely outdated with damaged cabinetry and a dated drop-ceiling, while the bathrooms and bedrooms show significant wear and aged finishes.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 charming 3-bedroom, 2-bath Craftsman home offering 1,412 sq ft of living space on a 5,106 sq ft lot. This property features classic curb appeal with a welcoming front porch, original character details, and a functional single-story layout with spacious living and dining areas. The interior offers a functional floor plan with generously sized living and dining areas, perfect for both everyday living and entertaining. The kitchen provides ample cabinet space and is ready for your personal touch or upgrade. Situated on an LAR2-zoned lot, this property presents excellent opportunity for expansion, additional units, or ADU potential. The long driveway offers ample off-street parking and leads to a spacious backyard with a detached rear structure, enhancing the property’s versatility and income possibilities. Centrally located near Downtown Los Angeles, major freeways, schools, and local amenities, this home combines convenience with strong upside potential. Don’t miss this opportunity to own a value-add property with multiple possibilities!
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 | 2.0 | 50% |
| Square foot | 1,412 | 1,162.5 | 78% |
| Lot Size | 5,106 | 4,568.5 | 63% |
| Price | $550.0K | $553.0K | 47% |
| Price per sq ft | $390 | $501 | 19% |
| Built year | 1911 | 1909 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 208 | 3% |
Apr 11, 2026
$550,000
Initial Listing