
Los Angeles, California 90037
This Turnkey Triplex represents a High-Potential Investment Opportunity, listed at $1,249,999—positioned above the $1,188,931 Fair Market Value. While priced at a premium, the property features a comprehensive 2024 renovation, including a new roof, HVAC, and a permitted ADU, earning it a Mint Condition Rating. With LAR2 Zoning and six parking spaces, this asset provides immediate cash flow or flexible owner-user potential near USC. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality, low-maintenance property in a high-demand rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 845 W 56th Street Subject | $1,249,999* List Price | 0 | 0 | 2,456 | $484 | - |
A 1261 W 51st Sold | $940,000 | 0 | 0 | 2,401 | $392 | 0.6 mi |
B 919 919 1/2 W 49th Sold | $980,000 | 0 | 0 | 1,812 | $541 | 0.5 mi |
C 961 W 47th Street Active Under Contract | $1,099,000 List Price | 0 | 0 | 2,772 | $396 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive permitted remodel completed in 2024, featuring brand-new kitchens, bathrooms, flooring, and windows. Major systems including the roof and HVAC have been updated, qualifying it as mint condition with no maintenance required.
The property features extensive permitted improvements completed in 2024, including a new roof, HVAC, and a permitted ADU conversion, offering a turnkey solution with minimal immediate maintenance requirements.
Situated near USC, Exposition Park, and Downtown Los Angeles, the property is ideally positioned to attract a steady pool of student and professional tenants, ensuring strong long-term rental demand.
The potential for vacant delivery allows an owner-occupant to reside in the high-end front unit with vaulted ceilings while utilizing the rental income from the two rear units to offset mortgage costs.
The property's list price has more than doubled since its last sale in early 2024, which may lead to appraisal challenges or tighter cap rates for investors focused strictly on immediate yield.
With three separate units and six on-site parking spaces situated on a 5,122-square-foot lot, there is very little remaining area for private yards or communal outdoor amenities for residents.
Rare opportunity to acquire a fully remodeled triplex in the heart of Los Angeles featuring extensive permitted improvements completed in 2024. The property offers investors immediate cash flow with market rents already in place. For owner-users, the seller may deliver the property vacant, creating a unique opportunity to occupy one or more units while benefiting from rental income. The property consists of a spacious front residence and two rear units, all thoughtfully renovated with modern finishes throughout. Recent upgrades include remodeled kitchens and bathrooms, updated flooring, recessed lighting, dual-pane windows, a new roof, HVAC improvements, and a permitted ADU conversion. The front residence showcases an impressive open-concept floor plan with soaring vaulted ceilings, designer lighting, a large center island, and contemporary finishes that create a true single-family home feel. The rear units have also been extensively remodeled, providing turnkey living and strong rental appeal. Additional features include six on-site parking spaces, LAR2 zoning, separate living areas, and a prime location with convenient access to USC, Exposition Park, Downtown Los Angeles, major freeways, shopping, dining, and employment centers. Whether you’re seeking a turnkey investment, a multigenerational living opportunity, or an owner-user property with income potential, 845 W 56th Street offers flexibility, quality, and long-term value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,456 | 2,250 |
| Lot Size | 5,122 | 5,864 |
| Price | $1.25M | $826.7K |
| Price per sq ft | $509 | $395 |
| Built year | 1924 | 1925 |
| HOA | $0 | $0 |
| Days on market | 29 | 83 |
Jun 23, 2026
$1,249,999
Initial Listing
Mar 5, 2024
$565,000
Public Record