1509 N Avenue 56, Los Angeles, California 90042, Los Angeles, 90042 - 5 bed, 3 bath
1509 N Avenue 56
Los Angeles, California 90042
Property Price
SUMMARY
Analysis of 1509 N Avenue 56, Los Angeles, California 90042 reveals a Prime Investment Opportunity with a current list price of $1,495,000—significantly undercutting the $1,636,994 Fair Market Value by 8%. This valuation gap indicates a +$141,994 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1509 N Avenue 56 Subject | $1,495,000* List Price | 5 | 3 | 1,776 | $922 | - |
A 1711 N Avenue 53 Sold | $1,775,000 | 4 | 3 | 1,675 | $1,060 | 0.2 mi |
B 1215 N Avenue 56 Sold | $1,655,000 | 4 | 3 | 2,023 | $818 | 0.2 mi |
C 1057 Milwaukee Avenue Sold | $1,750,000 | 3 | 2 | 1,826 | $958 | 0.3 mi |
D 5049 San Rafael Avenue Sold | $1,396,500 | 3 | 3 | 1,569 | $890 | 0.9 mi |
E 1813 N Avenue 53 Sold | $1,400,000 | 3 | 2 | 1,341 | $1,044 | 0.2 mi |
F 5421 Stratford Road Sold | $1,634,700 | 4 | 4 | 1,749 | $935 | 0.2 mi |
G 5252 Range View Avenue Active Under Contract | $1,599,000 List Price | 3 | 3 | 1,688 | $947 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This 1913 property has undergone an extensive luxury remodel within the last five years, effectively bringing it to modern standards. The home features a fully updated kitchen with high-end finishes, remodeled bathrooms, new wood flooring throughout, and upgraded HVAC systems. The interior presents as virtually new and turnkey, meeting the criteria for excellent condition through comprehensive renovation of both aesthetic and functional components.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Living Configuration
The property features a unique layout with a 3-bedroom main level and a 2-bedroom bonus lower level, providing exceptional flexibility for a home studio, guest quarters, or multi-generational living.
- High-End Modern Remodel
This 1913 character home has been extensively updated with a luxury kitchen, remodeled bathrooms, and newer HVAC, offering a turnkey experience that blends historic charm with modern efficiency.
- Exceptional Outdoor Space & Views
The home boasts sweeping city views from a dedicated balcony and an oversized, multi-tiered backyard, creating a premium environment for entertaining and alfresco dining in a hilly urban setting.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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 = 5, other record bedroom count = 2.
- High Density Square Footage
With five bedrooms distributed across only 1,776 square feet, individual room sizes may feel compact, potentially limiting furniture layouts and overall spaciousness for larger families.
- Historic Infrastructure Risks
Despite the modern cosmetic and HVAC upgrades, the 1913 construction date may imply underlying aged infrastructure or foundation characteristics common to century-old hillside properties.
About 1509 N Avenue 56
Picture a remodeled Highland Park artists' retreat, now add sweeping city views. Welcome to 1509 N Avenue 56, an unbelievably charming home with a luxury remodel throughout, offering rare space and flexibility in one of LA's most creative, up-and-coming neighborhoods. The main home features 3 beds + 2 baths upstairs, plus a 2 bed / 1 bath bonus lower level- perfect for guests, a studio, work-from-home, or whatever your life needs next. Inside, you'll find a remodeled kitchen and baths, wood flooring, and newer HVAC. Step out to the view balcony for effortless alfresco dining with sweeping city views, then head down to the oversized, multi-tiered backyard- an exceptional setting for entertaining, celebrations, gardening, or simply soaking up the sunshine. The 3-car driveway parking rounds out the day-to-day convenience. Just up Avenue 56, a scenic hiking trail delivers an instant nature escape, while Amiga Amore is an easy walk down the street. When you're craving a neighborhood staple, Highly Likely on Figueroa is only a quick drive away, try it and thank me later.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1913
- Lot Size
- 6,192 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 96% |
| Baths | 3.0 | 2.0 | 68% |
| Square foot | 1,776 | 1,350 | 75% |
| Lot Size | 6,192 | 5,401 | 63% |
| Price | $1.50M | $1.23M | 80% |
| Price per sq ft | $842 | $882 | 43% |
| Built year | 1913 | 1925 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 176 | 1% |
Pricing History
Listed for Sale
Feb 12, 2026
$1,495,000
Initial Listing
Sold
May 2, 2022
$1,325,000
Public Record
Sold
Feb 3, 2021
$820,000
Public Record
Sold
Mar 8, 2002
$215,000
Public Record
Sold
Sep 10, 2001
$123,000
Public Record