240 E 56th Street, Los Angeles, California 90011, Los Angeles, 90011 - 3 bed, 2 bath
ACTIVE$475,000
240 E 56th Street, Los Angeles, California 90011
3Beds
2Baths
932Sqft
3,077Lot
Price Vs. Estimate
The estimated value ($469,086.195) is $5,913.805 (1%) lower than the list price ($475,000). This property may be overpriced.
Key pros and cons
Top Pros:
Affordable Price Point: The property is listed at an affordable price, making it accessible to a wider range of buyers, especially investors.
Top Cons:
Tenant Occupied: The property is being sold with a tenant in place, which may limit immediate occupancy options for owner-occupants and require managing tenant relations.
Compared to the nearby listings
Price:$475.0K vs avg $551.0K ($-76,000)16%
Size:932 sqft vs avg 1,157 sqft29%
Price/sqft:$510 vs avg $51050%
More Insights
Built in 1901 (124 years old).
Condition: The property was built in 1901. The single exterior image shows a building that likely requires substantial repairs. The description mentions it's move-in ready, but this seems unlikely given the age and apparent condition from the exterior. It's likely that the kitchen and bathrooms are outdated and require significant work. The property is being sold with a tenant in place, suggesting it may not be in top condition.
Year Built
1901
Close
-
List price
$475K
Original List price
$525K
Price/Sqft
$510
HOA
-
Days on market
-
Sold On
-
MLS number
SB25001537
Home ConditionPoor
Features
ViewNeighborhood
About this home
Investors or family - Move-In Ready Home - Affordable & Conveniently Located! Discover this desirable 3-bedroom, 2-bathroom home that’s perfect for investors. (Price reflects buyer responsibility for tenant)This property is tenant occupied and will be sold with tenant in place, however you can do you inspections. Completely gated for your privacy and security, the property features secure parking and a low-maintenance design. Enjoy the ease of living within walking distance to all essential amenities, including shopping, dining, and schools. With public transportation just steps away, commuting is a breeze! This home is ideal for those seeking an affordable and centrally located property!
Nearby schools
5/10
Estrella Elementary School
Public,•K-5•0.2mi
2/10
Main Street Elementary School
Public,•K-5•0.3mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.7mi
2/10
Aurora Elementary School
Public,•K-5•0.8mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.0mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.0mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.1mi
2/10
Harmony Elementary School
Public,•K-5•1.3mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.3mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•1.3mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.4mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.4mi
3/10
George Washington Carver Middle School
Public,•6-8•1.0mi
2/10
John Muir Middle School
Public,•6-8•1.3mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.9mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.1mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.5mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.6mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.7mi
3/10
Manual Arts Senior High School
Public,•9-12•1.7mi
5/10
Santee Education Complex
Public,•9-12•2.6mi
Price History
Date
Event
Price
11/25/09
Sold
$102,500
09/13/05
Sold
$390,000
Condition Rating
Poor
The property was built in 1901. The single exterior image shows a building that likely requires substantial repairs. The description mentions it's move-in ready, but this seems unlikely given the age and apparent condition from the exterior. It's likely that the kitchen and bathrooms are outdated and require significant work. The property is being sold with a tenant in place, suggesting it may not be in top condition.
Pros & Cons
Pros
Affordable Price Point: The property is listed at an affordable price, making it accessible to a wider range of buyers, especially investors.
Convenient Location: The property is centrally located with walking distance to essential amenities like shopping, dining, and schools.
Public Transportation Access: The property offers easy access to public transportation, simplifying commuting.
Secure and Private: The property is completely gated, providing privacy and security for residents.
Move-In Ready: The property is described as move-in ready, reducing immediate renovation costs for the buyer.
Cons
Tenant Occupied: The property is being sold with a tenant in place, which may limit immediate occupancy options for owner-occupants and require managing tenant relations.
Older Construction: Built in 1901, the property may require updates or repairs due to its age.
Small Lot Size: The lot size is relatively small (3,077 sqft), potentially limiting outdoor space and expansion possibilities.