342 W 56th, Los Angeles, California 90037, Los Angeles, 90037 - 8 bed, 4 bath
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Los Angeles, California 90037
This Modern Residential Income Duplex is a strategic asset listed at $899,000, representing a stable entry point near its $881,088 Fair Market Value. Featuring a rare 8-bedroom layout and 2000 construction, the property offers significantly lower maintenance risks than the area's typical vintage housing stock. Proximity to USC, Exposition Park, and the Los Angeles Unified School District ensures consistent rental demand and High Income Potential. Maintaining a Condition Rating of 4, the interior is functional and move-in ready. This is an optimal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 342 W 56th Subject | $899,000* List Price | 8 | 4 | 3,140 | $281 | - |
A 211 W 52nd Street Sold | $750,000 | 0 | 0 | 2,390 | $314 | 0.4 mi |
B 348 W Vernon Avenue Active | $821,000 List Price | 0 | 0 | 2,940 | $279 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2000, the property is well-maintained but shows its age with original finishes. The kitchens and bathrooms feature standard oak-style cabinetry, laminate or basic stone counters, and older white/black appliances. While move-in ready and functional, the interior aesthetics and fixtures are over 20 years old and lack modern renovations.
The property is ideally situated near major Los Angeles landmarks including USC, the LA Coliseum, and the Lucas Museum, ensuring high rental demand from students and local professionals.
Featuring a versatile layout with 8 total bedrooms across three distinct living areas, this property offers significant gross rent multipliers and flexibility for owner-occupants or investors.
Built in 2000, this building is much newer than the typical housing stock in the area, likely resulting in lower maintenance costs and more updated structural systems compared to older character homes.
With only one dedicated on-site parking space for an 8-bedroom property, the reliance on street parking may be a significant drawback for high-occupancy tenancies.
The property is listed as a duplex but describes three units; this discrepancy may indicate unpermitted additions or non-conforming use, which could complicate traditional financing or future city compliance.
Welcome to an exceptional investment opportunity in the heart of Los Angeles! This well-maintained duplex is ideally situated just minutes from some of the city’s most iconic destinations, the LA Coliseum, BMO Stadium, Exposition Park, USC, the California Science Center, and the highly anticipated Lucas Museum of Narrative Art. With close proximity to major highways and public transportation, convenience is truly at your doorstep. Duplex offers 8 bedrooms, 4 bathrooms, and generous living space Whether you're seeking a reliable income property or a place to call home, this duplex delivers a rare blend of comfortable living and strong investment potential. Additional highlights include a dedicated parking space along the side of the house, plus ample street parking for guests. With its prime location, accessibility, and flexible layout, this property offers the best of both worlds for investors and owner-occupants alike. Don’t miss this remarkable opportunity to own a piece of Los Angeles real estate!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 0.0 | 89% |
| Baths | 4.0 | 0.0 | 79% |
| Square foot | 3,140 | 2,012 | 74% |
| Lot Size | 4,788 | 5,377 | 16% |
| Price | $899.0K | $899.0K | 50% |
| Price per sq ft | $286 | $387 | 16% |
| Built year | 2000 | 1923 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 151 | 242 | 26% |
Nov 22, 2025
$899,000
Initial Listing
Mar 30, 2000
$230,000
Public Record