314 314 W 56th, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This Modern Multi-Family Asset is listed at $1,350,000, offering a turnkey solution for high-density rental needs. Featuring a Well Maintained Condition rating, this 2013 Construction consists of two massive 5-bedroom, 3-bathroom units with Separate Meters and Gated Security. While the Fair Market Value is $1,101,947, the property’s Strong Income Potential and proximity to Downtown Los Angeles provide significant utility. Served by the Los Angeles Unified School District, this low-maintenance duplex is an ideal match for Buy-and-Hold Investors or Owner-Occupants seeking a robust income-generating residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 314 314 W 56th Subject | $1,350,000* List Price | 0 | 0 | 3,686 | $299 | - |
A 240 W 46th Street Sold | $1,050,000 | 10 | 6 | 3,696 | $284 | 0.7 mi |
B 240 W 46th Street Sold | $1,050,000 | 0 | 0 | 3,969 | $265 | 0.7 mi |
C 314 W 56th Active | $1,350,000 List Price | 10 | 6 | 3,686 | $366 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2013, this property is 11 years old and described as 'well maintained' and 'low maintenance.' The exterior image shows a clean, modern structure with no visible signs of significant wear or deferred maintenance. While interior details are not provided, the age and description strongly suggest that major systems are functional and within their expected lifespan, making it move-in ready with no immediate renovation required.
Built in 2013 and described as 'well maintained,' this property offers modern construction standards and potentially lower immediate maintenance costs compared to older Los Angeles properties.
As a two-unit multifamily building, each featuring spacious 5-bedroom, 3-bathroom units, it offers significant rental income potential in a high-demand Los Angeles market.
The property boasts separate meters for gas, electricity, and trash, reducing landlord utility burdens. It's also explicitly marketed for 1031 exchange and portfolio diversification, appealing directly to investors.
The property has undergone several price reductions from its original listing, which may indicate initial overpricing or a slower-than-anticipated market response, potentially signaling a need for further price adjustment.
The MLS area is listed as '699 - Not Defined,' which could make it challenging for buyers and agents to quickly assess neighborhood specifics or find direct comparable properties within standard MLS classifications.
The 'on_market_date' (2025-10-04) and 'modified_timestamp' (2026-01-26) are in the future, which is a significant data inconsistency that could raise questions about the accuracy and reliability of the listing information.
Investors, don't miss this prime opportunity in Los Angeles. A well maintained two unit multifamily building built in 2013, featuring two spacious 5 bedroom , 3 bathroom units. The building is gated and with separate meters for gas, electricity and trash. The low maintenance duplex offers strong cash-flow potential in a highly sought after market, with the added flexibility of a 1031 exchange or portfolio diversification. Easy access to fwy and downtown Los Angeles.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,686 | 2,012 | 74% |
| Lot Size | 5,867 | 5,461 | 68% |
| Price | $1.35M | $940.0K | 84% |
| Price per sq ft | $366 | $387 | 47% |
| Built year | 2013 | 1923 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 200 | 242 | 42% |
Mar 1, 2026
$1,350,000
$1,399,000
-4% Price Drop
Initial Listing
Jan 27, 2026
$1,399,000
$1,499,000
-7% Price Drop
Initial Listing
Dec 16, 2025
$1,499,000
$1,599,000
-6% Price Drop
Initial Listing
Oct 4, 2025
$1,599,000
Initial Listing