
Los Angeles, California 90037
This property presents a High-Potential Investment Opportunity with a List Price of $705,000—positioned well above the $668,822 Fair Market Value by -5%. Featuring LAR4 Zoning on a 5,405 sqft lot, the asset offers significant development potential for up to four units. With a Condition Rating of 5, the structure requires a full renovation to address deferred maintenance. This is a strategic acquisition for Buy-and-Hold Investors or Developers focused on maximizing density and long-term rental yield in a high-demand South Los Angeles corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 715 W 56th Street Subject 4 bd · 2 ba · 1,056 sqft · $633 | $705,000* List Price | 4 | 2 | 1,056 | $633 | - |
A 723 W 58th Sold 3 bd · 2 ba · 1,132 sqft · $751 · 0.1 mi | $850,000 | 3 | 2 | 1,132 | $751 | 0.1 mi |
B 723 58th Sold 0 bd · 0 ba · 1,132 sqft · $751 · 0.1 mi | $850,000 | 0 | 0 | 1,132 | $751 | 0.1 mi |
C 201 W 50th Sold 3 bd · 1 ba · 1,014 sqft · $651 · 0.7 mi | $660,000 | 3 | 1 | 1,014 | $651 | 0.7 mi |
D 945 W 54th Street Sold 2 bd · 1 ba · 1,219 sqft · $509 · 0.3 mi | $620,000 | 2 | 1 | 1,219 | $509 | 0.3 mi |
E 1123 W 52nd Street Sold 2 bd · 1 ba · 1,234 sqft · $501 · 0.5 mi | $618,000 | 2 | 1 | 1,234 | $501 | 0.5 mi |
F 1104 W 58th Street Sold 2 bd · 1 ba · 1,129 sqft · $487 · 0.5 mi | $550,000 | 2 | 1 | 1,129 | $487 | 0.5 mi |
G 320 W 46th Street Active 2 bd · 1 ba · 1,066 sqft · $516 · 0.8 mi | $550,000 List Price | 2 | 1 | 1,066 | $516 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1908 with no significant recent renovations; the property is sold 'as is' with a heavy marketing focus on land value and LAR4 development potential. Interior images show dated finishes, worn flooring, and window AC units suggesting lack of modern HVAC, indicating the structure needs a full rehab.
The LAR4 zoning provides a significant opportunity for investors or developers to potentially add up to four residential units, maximizing the value of the 5,405 sqft lot.
Situated near Exposition Park, BMO Stadium, and major transit corridors, the property offers excellent accessibility to regional employment hubs and cultural attractions.
With four bedrooms, the property offers a high room count for its price point, making it an attractive option for large families or those seeking to maximize rental income.
The property is sold in as-is condition and dates back to 1908, indicating a high likelihood of deferred maintenance and the need for significant renovation capital.
At only 1,056 square feet for a four-bedroom residence, the interior layout is likely congested with undersized rooms, which may limit its appeal to traditional owner-occupants.
MORE THAN A HOME — ROOM TO EXPLORE FUTURE POSSIBILITIES The property is reported to have LAR4 zoning, which may offer additional possibilities for buyers interested in exploring future residential development. The potential to add residential units, possibly up to four in total, is subject to independent verification of zoning, allowable density, building requirements, and City of Los Angeles approvals. For a homeowner, this may be an opportunity to investigate future options. For a multigenerational household or buyer considering additional housing possibilities, it may be worth exploring whether the property can accommodate future plans. For those thinking long term, the reported zoning may provide another reason to investigate this property's potential. No additional units or development rights are guaranteed. CONVENIENT SOUTH LOS ANGELES LOCATION!! Enjoy access to neighborhood shopping, grocery stores, restaurants, parks, public transportation, and major commuter routes. The Vermont Avenue and Slauson Avenue corridors offer everyday conveniences, while nearby regional destinations include Exposition Park, the Los Angeles Memorial Coliseum, BMO Stadium, and the Watts Towers Arts Center. With local shopping options, community recreation, cultural attractions, and transportation connections throughout the area, the location offers a variety of ways to enjoy life in South Los Angeles. AN OPPORTUNITY FOR TODAY — POSSIBILITIES FOR TOMORROW Whether you are a first-time buyer looking for a home to personalize, a household seeking more space, a multigenerational family exploring future housing options, or a buyer looking for a property with long-term potential, 715 W. 56th Street offers an opportunity to see beyond what exists today and imagine what may be possible tomorrow. SOLD AS IS!! Make it your home. Make it your vision. Explore the possibilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,056 | 1,670.836 |
| Lot Size | 5,405 | 6,152.156 |
| Price | $705.0K | $1.34M |
| Price per sq ft | $668 | $807 |
| Built year | 1908 | 1941 |
| HOA | $0 | $238 |
| Days on market | 19 | 56 |
Oct 21, 2026
$705,000
Initial Listing
Feb 2, 2004
$175,000
Public Record
Nov 27, 2002
$43,000
Public Record