214 E 56th Street, Los Angeles, California 90011, Los Angeles, 90011 - 2 bed, 1 bath
214 E 56th Street
Los Angeles, California 90011
Property Price
SUMMARY
Analysis of 214 E 56th Street, Los Angeles, California 90011 reveals a Fairly Priced Property with a current list price of $589,000 aligned with the estimated $586,699 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 |
|---|---|---|---|---|---|---|
★ 214 E 56th Street Subject | $589,000* List Price | 2 | 1 | 832 | $705 | - |
A 765 E 52nd Place Sold | $630,000 | 2 | 1 | 993 | $634 | 0.6 mi |
B 244 E 43rd Place Sold | $545,000 | 2 | 1 | 1,040 | $524 | 0.9 mi |
C 4434 Crocker Street Sold | $599,000 | 3 | 2 | 852 | $703 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1910, this property is over a century old. While some updates like the living room flooring and kitchen range appear more recent, the kitchen features dated cabinets, laminate countertops, and tile flooring. The bathroom is also significantly outdated with old tiles, a basic vanity, and fixtures. The overall condition suggests the home is functional but requires substantial cosmetic and likely system updates to meet modern standards, aligning with the 'fair' category's description of being aged but maintained, with major components showing signs of being outdated and requiring minor updates or repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Generous Lot Size
The 5,103 sq ft lot offers significant outdoor space, potential for expansion, gardening, or adding an Accessory Dwelling Unit (ADU) in a high-demand urban area.
- Excellent Location & Accessibility
Situated in 'trendy South Park' with 'strong walkability' and 'easy transit access,' enhancing urban convenience and lifestyle for residents.
- Off-Street Garage Parking
A valuable amenity in a dense urban environment like Los Angeles, providing convenience, security, and a competitive edge.
CONSRISKS & DEFICIENCIES
- Compact Interior Space
At 832 sq ft, the 2-bedroom, 1-bath home is relatively small, which may limit appeal for larger families or those desiring more expansive living areas.
- Age-Related Maintenance/Updates
Built in 1910, the property is over a century old, likely requiring significant updates to core systems (plumbing, electrical, HVAC) and general maintenance to meet modern standards and expectations.
- Recent Price Reductions
Multiple price drops from $620,000 to $589,000 suggest the property may have been overpriced initially or is facing buyer resistance, potentially indicating perceived issues or market challenges.
About 214 E 56th Street
Welcome to 214 E 56th Street—a delightful early 1900s bungalow with modern potential. This 2-bedroom, 1-bath home spans 832 sq ft and sits on a generous 5,103 sq ft lot, offering both charm and outdoor room to grow. With strong walkability, easy transit access, and off-street garage parking, it's a convenient location in trendy South Park (90011). Whether you're settling in or building rental income, this property’s proven appeal (makes it a compelling opportunity. Don’t miss your chance to own a piece of vintage South L.A. character with room to customize and build value.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1910
- Lot Size
- 5,103 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Estrella Elementary School
Grades K-5 • 0.1 mi
Main Street Elementary School
Grades K-5 • 0.2 mi
Forty-Ninth Street Elementary School
Grades K-5 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 38% |
| Baths | 1.0 | 2.0 | 47% |
| Square foot | 832 | 1,118 | 24% |
| Lot Size | 5,103 | 4,568.5 | 59% |
| Price | $589.0K | $575.0K | 59% |
| Price per sq ft | $708 | $514 | 85% |
| Built year | 1910 | 1910 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 213 | 184 | 65% |
Pricing History
Listed for Sale
Nov 18, 2025
$589,000
$599,000
-2% Price Drop
Initial Listing
Price Change
Oct 2, 2025
$599,000
$610,000
-2% Price Drop
Initial Listing
Price Change
Aug 31, 2025
$610,000
$620,000
-2% Price Drop
Initial Listing
Price Change
Aug 5, 2025
$620,000
Initial Listing
Sold
Apr 18, 2018
$335,000
Public Record