
Los Angeles, California 90037
This property presents a High-Potential Investment Opportunity with a List Price of $549,000—positioned well below the $541,796 Fair Market Value (Note: Market is currently priced at a premium). Featuring LARD2 Zoning on a 5,400 sq. ft. lot and a new roof, the asset offers significant redevelopment potential despite its Fair Condition Rating. The existing duplex provides immediate rental income, though the aging infrastructure requires capital investment. This is a strategic acquisition ideal for Buy-and-Hold Investors or Developers seeking long-term appreciation in a revitalizing urban corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 330 W 56th St Subject | $549,000* List Price | 0 | 0 | 1,456 | $343 | - |
A 324 W 47th Place Sold | $560,000 | 0 | 0 | 2,006 | $279 | 0.6 mi |
B 1132 W 56th Sold | $644,000 | 0 | 0 | 1,758 | $366 | 0.9 mi |
C 859 W 54th Street Active | $709,000 List Price | 0 | 0 | 1,881 | $377 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1923, this 100+ year old property is marketed as a development opportunity. While it features a new roof, the interior shows very dated flooring and fixtures (30+ years old), and there is no mention of updated kitchens, bathrooms, or HVAC systems, indicating a need for significant rehabilitation.
The LARD2 zoning on a generous 5,400 sq. ft. lot provides significant upside for investors to explore higher-density redevelopment or the addition of ADUs in a high-demand area.
A brand-new roof installed less than a year ago reduces immediate maintenance concerns and saves the next owner a major capital expense.
Proximity to USC, Downtown Los Angeles, and major stadiums ensures consistent rental demand and strong potential for long-term capital appreciation.
Built in 1923, the property likely requires significant updates to its core systems, such as plumbing and electrical, to meet modern standards and maximize rental income.
Navigating Los Angeles' strict rent control ordinances and tenant protection laws may complicate plans for immediate repositioning or redevelopment of the occupied units.
Rare LARD2 Development Opportunity with a Brand-New Roof in the Heart of Los Angeles! This is your chance to acquire an income-producing duplex (2 Units each 2 bed 1 bath) situated on a 5,400 sq. ft. LARD2-zoned lot in one of Los Angeles' rapidly evolving neighborhoods. A new roof was installed less than one year ago, providing added value and reducing a major future capital expense for the next owner. Whether you're an investor looking to expand your portfolio, a developer seeking future opportunities, or a buyer searching for a property with long-term upside, this exceptional offering checks all the boxes. The existing duplex features two spacious 2-bedroom, 1-bath units with month-to-month tenants, separate electric meters, providing immediate rental income while offering flexibility for future ownership strategies, subject to applicable laws and regulations. Additional improvements include a detached two-car garage and a basement/storage area, creating even more functionality and future possibilities. LARD2-zoned duplex properties on a 5,400 sq. ft. lot with a recently installed roof are becoming increasingly difficult to find. Whether your strategy is to hold for long-term appreciation, enhance the existing asset, or explore future redevelopment opportunities, this property offers exceptional potential. Buyers are encouraged to independently verify zoning, development possibilities, ADU opportunities, allowable density, and future use with the City of Los Angeles. This property will not last call today! Buyer and Buyer's Agents are encouraged to independently inspect, investigate, and verify all information concerning the property, including condition, square footage, lot size, boundaries, zoning, permits, utilities, taxes, assessments, disclosures, and intended use, through their own inspections, professionals, public records, and governmental agencies. Buyer and Buyer's Agent to rely on their own due diligence and not solely on information provided by Seller, Listing Agent, Listing Broker, MLS, or third parties. Buyer acknowledges having had the opportunity to conduct all investigations deemed necessary before completing the purchase. Nothing herein relieves Seller, Listing Agent, or Listing Broker of any disclosure or legal obligations that cannot be waived under California law.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,456 | 2,187.451 |
| Lot Size | 5,400 | 5,841.385 |
| Price | $549.0K | $841.5K |
| Price per sq ft | $377 | $385 |
| Built year | 1923 | 1928 |
| HOA | $0 | $0 |
| Days on market | 42 | 85 |
Jul 29, 2026
$549,000
Initial Listing