
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 | $1,199,999* List Price | 0 | 0 | 2,456 | $482 | - |
A 961 W 47th Street Sold | $1,085,000 | 0 | 0 | 2,772 | $391 | 0.6 mi |
B 326 -328 W 47th Sold | $925,000 | 0 | 0 | 1,738 | $532 | 0.8 mi |
C 1261 W 51st Sold | $940,000 | 0 | 0 | 2,401 | $392 | 0.6 mi |
D 919 919 1/2 W 49th Sold | $980,000 | 0 | 0 | 1,812 | $541 | 0.5 mi |
E 1027 W 46th Street Active | $875,000 List Price | 5 | 4 | 2,544 | $344 | 0.7 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.
NEW PRICE – Fully Remodeled Los Angeles Triplex Now Offered at $1,199,999! An exceptional opportunity to acquire a turnkey, fully remodeled triplex featuring extensive permitted improvements completed in 2024. With market rents already in place and a newly improved price, this property offers investors immediate income potential while also providing an attractive option for owner-users and multigenerational living. The property consists of a spacious front residence and two rear units, all extensively renovated with modern finishes. Improvements 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 is a standout, offering an impressive open-concept floor plan with soaring vaulted ceilings, designer lighting, a large center island, and contemporary finishes that create the space and feel of a single-family home. The two rear units have also been thoughtfully remodeled, providing turnkey interiors and strong rental appeal. Currently income-producing, with the seller open to considering delivery vacant, buyers have multiple options: maintain the property as a three-unit investment, occupy the front residence while generating income from the rear units, or explore a multigenerational living arrangement. Additional highlights include six on-site parking spaces, LAR2 zoning, separate living areas, and convenient access to USC, Exposition Park, Downtown Los Angeles, major freeways, shopping, dining, public transportation, and employment centers. Now offered at $1,199,999, 845 W 56th Street presents a compelling opportunity to acquire three renovated units with multiple income streams and extensive permitted improvements in the Los Angeles market. Buyer and buyer’s agent to independently verify all information, including but not limited to square footage, permits, zoning, unit count, ADU status, rental income, vacancy/delivery status, and property condition.
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 | 2,456 | 2,187.451 |
| Lot Size | 5,122 | 5,841.385 |
| Price | $1.20M | $841.5K |
| Price per sq ft | $489 | $385 |
| Built year | 1924 | 1928 |
| HOA | $0 | $0 |
| Days on market | 78 | 85 |
Aug 9, 2026
$1,199,999
$1,249,999
-4% Price Drop
Initial Listing
Jun 23, 2026
$1,249,999
Initial Listing
Mar 5, 2024
$565,000
Public Record