342 W 56th, Los Angeles, California 90037, Los Angeles, 90037 - 8 bed, 4 bath
342 W 56th
Los Angeles, California 90037
Property Price
SUMMARY
Analysis of 342 W 56th, Los Angeles, California 90037 is currently available with a list price of $899,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Investment Location
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.
- High Income Potential
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.
- Modern Construction
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.
CONSRISKS & DEFICIENCIES
- Parking Limitations
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.
- Zoning and Density Concerns
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.
About 342 W 56th
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. This versatile property offers three spacious units: Bottom Unit: 4 bedrooms, 2 bathrooms, and generous living space Second unit: 2 bedrooms, 1 bathroom, with private stairway access for added privacy and comfort Third upper unit: 2 bedrooms and 1 bathroom, with private stairway 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!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 2000
- Lot Size
- 4,788 Sq. Ft.
Interior
- Total Bedrooms
- 8
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | - | 90% |
| Baths | 4.0 | - | 80% |
| Square foot | 3,140 | 2,496 | 65% |
| Lot Size | 4,788 | 5,409.5 | 15% |
| Price | $899.0K | $912.0K | 50% |
| Price per sq ft | $286 | $317 | 30% |
| Built year | 2000 | 1923 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 104 | 260 | 5% |
Pricing History
Listed for Sale
Nov 22, 2025
$899,000
Initial Listing
Sold
Mar 30, 2000
$230,000
Public Record