214 E 56th Street, Los Angeles, California 90011, Los Angeles, 90011 - 2 bed, 1 bath
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Los Angeles, California 90011
This Value-Add Bungalow Investment is a High-Potential Investment Opportunity listed at $505,000, which reflects a stabilized price point following aggressive reductions to meet the $486,046 Fair Market Value. With a Condition Rating of 5, the 1910-built asset requires a full-scale renovation to address deferred maintenance and outdated systems. However, the expansive 5,103 sq ft lot provides significant ADU potential and room for forced appreciation. Situated 0.12 miles from the 5-rated Estrella Elementary School, the location ensures long-term rental appeal. This is a prime acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 214 E 56th Street Subject | $499,900* List Price | 2 | 1 | 832 | $587 | - |
A 244 E 43rd Place Sold | $545,000 | 2 | 1 | 1,040 | $524 | 0.9 mi |
B 765 E 52nd Place Sold | $630,000 | 2 | 1 | 993 | $634 | 0.6 mi |
C 120 E 47th Sold | $551,000 | 3 | 1 | 1,120 | $492 | 0.7 mi |
D 4416 Crocker Sold | $610,000 | 3 | 2 | 1,059 | $576 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1910 bungalow exhibits significant deferred maintenance and requires substantial rehabilitation. The kitchen and bathroom are outdated with mismatched cabinetry, old fixtures, and worn surfaces. Interior images show visible wall patches, exposed wiring, and aged wall-mounted heating units. The exterior features peeling paint, a neglected yard, and cracked concrete, aligning with the listing's own assessment that the property requires significant updates to core systems and structural elements.
The generous 5,103 sq ft lot provides significant room for expansion or the addition of an Accessory Dwelling Unit (ADU), offering excellent value-add potential for investors.
Located in the South Park area, the property boasts high walkability and easy transit access, including being just 0.12 miles from the highly-rated Estrella Elementary School.
With a substantial price reduction from the original $620,000 to $505,000, the property now represents a more competitive entry point into the Los Angeles single-family market.
At only 832 sq ft, the interior living area is quite small for a two-bedroom home, which may feel restrictive for modern families or those requiring a home office.
Built in 1910, this bungalow likely requires significant updates to its core systems and structural elements to meet contemporary standards and efficiency.
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.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.2 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 38% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 832 | 1,138.5 | 22% |
| Lot Size | 5,103 | 4,568.5 | 63% |
| Price | $499.9K | $553.0K | 31% |
| Price per sq ft | $601 | $512 | 72% |
| Built year | 1910 | 1909 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 260 | 212 | 75% |
Mar 30, 2026
$499,900
$505,000
-1% Price Drop
Initial Listing
Mar 29, 2026
$505,000
$510,000
-1% Price Drop
Initial Listing
Mar 27, 2026
$510,000
$545,000
-6% Price Drop
Initial Listing
Mar 24, 2026
$545,000
$555,000
-2% Price Drop
Initial Listing
Mar 17, 2026
$555,000
$589,000
-6% Price Drop
Initial Listing
Nov 18, 2025
$589,000
$599,000
-2% Price Drop
Initial Listing
Oct 2, 2025
$599,000
$610,000
-2% Price Drop
Initial Listing
Aug 31, 2025
$610,000
$620,000
-2% Price Drop
Initial Listing
Aug 5, 2025
$620,000
Initial Listing
Apr 18, 2018
$335,000
Public Record