2632 E 56th Street, Huntington Park, California 90255, Huntington Park, 90255 - bed, bath
ACTIVE$499,000
2632 E 56th Street, Huntington Park, California 90255
0Bed
0Bath
100Sqft
6,194Lot
Year Built
2024
Close
-
List price
$499K
Original List price
$589K
Price/Sqft
$4,990
HOA
-
Days on market
-
Sold On
-
MLS number
RS24185083
Home ConditionExcellent
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $499.0K(33th), sqft - 100(33th), beds - undefined(50th), baths - undefined(50th).
Property has been recently paved, block wall, and gate! The 6,194 square foot vacant lot offers a prime opportunity for development, with zoning conducive to multiple possibilities, including 100% affordable housing. Phase 1 report are readily available, ensuring the property's suitability for development. Zoned commercial with and overlay of affordable housing 70 DU/Acre.
Nearby schools
5/10
Pacific Boulevard School
Public,•K-5•0.1mi
5/10
San Antonio Elementary School
Public,•K-5•0.9mi
4/10
Middleton Street Elementary School
Public,•K-6•0.9mi
5/10
Miles Avenue Elementary School
Public,•K-5•1.0mi
5/10
Lucille Roybal-Allard Elementary
Public,•K-6•1.4mi
5/10
Loma Vista Elementary School
Public,•K-5•1.4mi
4/10
Huntington Park Elementary School
Public,•K-5•1.7mi
5/10
Hope Street Elementary School
Public,•K-5•1.7mi
3/10
Corona Avenue Elementary School
Public,•K-5•1.9mi
5/10
Fishburn Avenue Elementary School
Public,•K-5•2.0mi
4/10
State Street Elementary School
Public,•K-5•2.1mi
6/10
Nueva Vista Elementary School
Public,•K-5•2.2mi
4/10
San Gabriel Avenue Elementary School
Public,•K-5•2.8mi
3/10
Henry T. Gage Middle School
Public,•6-8•0.8mi
6/10
Vernon City Elementary School
Public,•K-7•0.9mi
5/10
Walnut Park Middle B Science, Technology, Engineering And Mathematics Academy
Public,•6-8•1.4mi
4/10
Chester W. Nimitz Middle School
Public,•6-8•1.6mi
4/10
Orchard Academies 2b School
Public,•6-8•1.7mi
4/10
Huntington Park Senior High School
Public,•9-12•0.4mi
5/10
Maywood Academy High
Public,•9-12•2.1mi
5/10
Bell Senior High School
Public,•9-12•2.3mi
4/10
Elizabeth Learning Center
Public,•K-12•3.1mi
Price History
Date
Event
Price
08/06/25
$499,000
09/05/24
$589,000
08/01/24
Sold
$450,000
06/28/02
Sold
$50,000
Condition Rating
Excellent
This listing is for a vacant lot intended for development, not an existing residential structure. Therefore, criteria related to kitchen, bathroom, appliances, and internal systems are not applicable. However, based on the description, the property has been 'recently paved, block wall, and gate,' and the 'year_built' is listed as 2024, indicating recent preparation or newness of the site. The images confirm a well-maintained, newly paved lot ready for construction. In the context of a development site, its current condition is excellent, as all recent improvements are new and meet current standards for a prepared lot.
Pros & Cons
Pros
High Development Potential & Density: The property offers a prime development opportunity with zoning allowing for high density (70 DU/Acre) and multiple possibilities, including 100% affordable housing.
Favorable Mixed-Use Zoning: Zoned commercial with an overlay for affordable housing, providing flexibility for various development projects.
Development Readiness & Due Diligence: A Phase 1 report is readily available, streamlining the due diligence process and confirming suitability for development.
Recent Site Improvements: The lot has been recently paved and secured with a block wall and gate, providing immediate utility and reducing initial site preparation costs.
Significant Price Reduction: A substantial price drop from $589,000 to $499,000 indicates a motivated seller and potential for a strong investment value.
Cons
Capital Intensive Development: As a vacant lot, the property requires significant upfront capital investment for construction and development, with no immediate income generation.
Niche Market Appeal: The strong emphasis on affordable housing development may narrow the pool of potential buyers to those specializing in or seeking such projects.
Limited Project Scale: Despite high density zoning, the 6,194 sqft lot size inherently limits the overall scale and number of units that can be developed, potentially impacting maximum project returns.