1509 N Avenue 56, Los Angeles, California 90042, Los Angeles, 90042 - 3 bed, 3 bath
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Los Angeles, California 90042
This High-Potential Investment Opportunity is a Strong Value Opportunity, listed at $1,549,000—positioned well below the $1,665,898 Fair Market Value by 7%. This valuation gap offers $116,898 in Instant Equity. Featuring a Mint Condition Rating with a remodeled kitchen and flexible suite, the property offers immediate rental income potential. The oversized lot and 180-degree panoramic views provide significant long-term upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, high-value Highland Park asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1509 N Avenue 56 Subject | $1,549,000* List Price | 3 | 3 | 1,776 | $938 | - |
A 5252 Range View Avenue Sold | $1,706,000 | 3 | 3 | 1,688 | $1,011 | 0.2 mi |
B 1711 N Avenue 53 Sold | $1,775,000 | 4 | 3 | 1,675 | $1,060 | 0.2 mi |
C 5125 Buchanan Street Sold | $1,250,000 | 3 | 2 | 1,754 | $713 | 0.5 mi |
D 1083 Milwaukee Avenue Sold | $1,495,000 | 3 | 3 | 1,557 | $960 | 0.3 mi |
E 5831 Tipton Sold | $1,100,000 | 4 | 2 | 1,452 | $758 | 0.5 mi |
F 5132 Range View Avenue Sold | $1,635,000 | 3 | 5 | 1,749 | $935 | 0.4 mi |
G 5624 Stratford Road Active | $1,600,000 List Price | 3 | 2 | 1,739 | $920 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1913, the property has undergone a comprehensive recent remodel (likely within the last 5 years). It features a modern kitchen with stainless steel appliances, updated HVAC systems, and contemporary interior finishes throughout, placing it in mint condition with no immediate maintenance required.
The property features a versatile downstairs suite that can serve as an expansive primary bedroom or a separate one-bedroom apartment, offering excellent potential for rental income or multi-generational living.
Situated in a highly desirable pocket of Highland Park near York and Figueroa, the home boasts a balcony with 180-degree panoramic views of the hills and city lights.
The 6,192 sqft lot is exceptionally large for the area, providing a massive backyard with ample space for hosting, a pool, or the addition of an ADU.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1776, other record living area = 808. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Originally built in 1913, the property may require more frequent maintenance and oversight of its aging structural components compared to newer constructions.
The multi-tiered nature of the backyard, while spacious, may limit flat usable areas and could present accessibility challenges or higher costs for future landscaping projects.
Welcome to your quintessential Highland Park Home. This beautifully remodeled house just north of bustling York Avenue features remodeled kitchens, 3 bedrooms, 3 bathrooms, and a flexible suite downstairs that can either be an expansive primary bedroom, or a luxurious one bedroom apartment for potential rental income. The upstairs balcony offers outdoor dining with 180 degree views of Highland Park (picture yourself sitting on the balcony with your coffee listening to the birds), and an oversized lot offers a massive, multitiered backyard ideal for hosting, adding a pool, ADU, or just enjoying the amount of space you can only find on this street. Recent upgrades include updated HVAC, a newly added stairwell creating storage, flow, and the cutest little Harry Potter nook under the stairs. Surrounding the house, just walking distance away, is a secret hiking trail up the street, and York and Figueroa down the road with Belle's Delicatessen (try their bagels and thank me) and Hermoliso for evening sips. All Figueroa has to offer is just minutes further with amazing spots like Highly Likely.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 59% |
| Square foot | 1,776 | 1,452 | 70% |
| Lot Size | 6,192 | 5,601 | 59% |
| Price | $1.55M | $1.20M | 79% |
| Price per sq ft | $872 | $882 | 48% |
| Built year | 1913 | 1924 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 129 | 1% |
May 13, 2026
$1,549,000
Initial Listing
May 2, 2022
$1,325,000
Public Record
Feb 3, 2021
$820,000
Public Record
Mar 8, 2002
$215,000
Public Record
Sep 10, 2001
$123,000
Public Record