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342 W 56th, Los Angeles, California 90037, Los Angeles, 90037 - 8 bed, 4 bath

342 W 56th, Los Angeles, California 90037 home-pic-0
ACTIVE$899,000
342 W 56th, Los Angeles, California 90037
8Beds
4Baths
3,140Sqft
4,788Lot
Year Built
2000
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$286
HOA
-
Days on market
-
Sold On
-
MLS number
CV25264999
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $899.0K(48th), sqft - 3140(65th), beds - 8(91th), baths - 4(83th).

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 Two Upper Units: Each features 2 bedrooms and 1 bathroom, with private stairway access for added privacy and comfort 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!

Price History

Date
Event
Price
11/22/25
Listing
$899,000
03/30/00
Sold
$230,000
Condition Rating
Fair
The property was built in 2000, making it 24 years old. While described as 'well-maintained' and the exterior appears functional, the lack of interior images and the noted 'Lack of Detailed Interior Updates' suggest that kitchens, bathrooms, and other interior features are likely original to the build year or have only minor, dated updates. These components are functional but show signs of being outdated and would require minor updates or repairs to meet current standards.
Pros & Cons

Pros

Prime Location & Accessibility: Ideally situated minutes from major LA landmarks (LA Coliseum, USC, BMO Stadium, Exposition Park, California Science Center, Lucas Museum) with excellent proximity to highways and public transportation, offering high convenience.
Multi-Unit Income Potential: Configured with three distinct units (4-bed/2-bath, two 2-bed/1-bath units) providing strong income-generating capabilities and versatility for investors or owner-occupants.
Relatively Newer Construction: Built in 2000, the property is newer than much of the surrounding Los Angeles housing stock, suggesting potentially fewer immediate major maintenance issues compared to older properties.
Dedicated & Ample Parking: Includes a dedicated parking space along the side of the house, plus ample street parking for guests, a significant advantage in a dense urban area like Los Angeles.
Flexible Layout & Versatility: The property's layout with private stairway access for upper units offers flexibility for various living arrangements, appealing to both investors seeking rental income and owner-occupants.

Cons

Unit Count Discrepancy: The property is listed as a 'Duplex' (sub_type) but explicitly described as having 'three spacious units,' which may require clarification regarding zoning, permitting, and financing implications.
Lack of Detailed Interior Updates: While described as 'well-maintained,' the listing lacks specific details on recent interior renovations, finishes, or appliance ages, which could imply standard or dated interiors requiring future investment.
Urban Environment Drawbacks: Its prime urban location, while a strength for accessibility, inherently comes with potential for higher noise levels, traffic congestion, and potentially limited private outdoor space typical of dense city living.

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