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438 E 56th St, Los Angeles, CA 90011

Sale Price: $1,300,000
Apr 8, 20242,219 sqft7 beds4 baths
Listed by: Enrique Viramontes
License #: 01372010
Phone #: 213-233-4363
Remax Commercial and Investment Realty
Source:
CRMLS Logo
MLS #: 24377657

Property Description

Introducing this amazing 4 unit multifamily property in turnkey condition in the South Park neighborhood of Los Angeles. Two buildings sit on the lot which are comprised of two duplexes: 'structure one' is completely brand-new construction and 'structure two' is a meticulously "studs up" renovation. The front structure underwent a complete overhaul and now consists of two modern 2 bd + 1 ba units. The rear structure is brand new construction with a mix of one 2 bd + 1 ba and one 1 bd + 1 ba ADUs. All units are separately metered for all utilities (water sub-metering) and include open floor plans, modern kitchens, air conditioning and hard wood flooring. Its central location provides investors an extensive tenant pool. USC is a short 3 mile drive, Downtown LA is minutes to the North and access to the 110 Freeway is less than a mile away.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$19,248

TurboHome Estimated Value

$1,316,100

$593 sqft

High Valuation
$1,381,905
$623/sqft
Normal Valuation
$1,316,100
$593/sqft
Low Valuation
$1,250,295
$563/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$593/sqft$1,316,100

Neighborhood: Southeast Los Angeles

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Comparative Value

$868K

$900K

$1.00M

$1.10M

$1.30M

$1.35M

157 W 93rd St, Los Angeles, CA 90003

Sale Price: $868,000

Selected Comparable

148 W 97th St, Los Angeles, CA 90003

Sale Price: $900,000

Selected Comparable

232 W 40th Pl, Los Angeles, CA 90037

Sale Price: $1,000,000

Selected Comparable

1353 E 41st Pl, Los Angeles, CA 90011

Sale Price: $1,100,000

Selected Comparable

438 E 56th St, Los Angeles, CA 90011

Sale Price: $1,300,000

Selected Comparable

438 E 56th St, Los Angeles, CA 90011

List Price: $1,349,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
438 E 56th St, Los Angeles, CA 90011

438 E 56th St, Los Angeles, CA 90011

List: $1,349,000

Listed: 4/8/2024

Area:2,219 sqft
Price/sqft:$608
Beds:7
Baths:4
Year Built:
Lot Size:5,093

Comparable Properties

COMPARABLE
Choose comps
438 E 56th St, Los Angeles, CA 90011

438 E 56th St, Los Angeles, CA 90011

Sale: $1,300,000

1/17/20250.00 mi

Area:2,219 sqft
Price/sqft:$586
Beds:7
Baths:4
Year Built:
Weight:27.7%
1353 E 41st Pl, Los Angeles, CA 90011

1353 E 41st Pl, Los Angeles, CA 90011

Sale: $1,100,000

7/22/20251.48 mi

Area:2,100 sqft
Price/sqft:$524
Beds:7
Baths:4
Year Built:
Weight:26.1%
232 W 40th Pl, Los Angeles, CA 90037

232 W 40th Pl, Los Angeles, CA 90037

Sale: $1,000,000

8/26/20241.42 mi

Area:2,407 sqft
Price/sqft:$415
Beds:8
Baths:4
Year Built:
Weight:17.6%
148 W 97th St, Los Angeles, CA 90003

148 W 97th St, Los Angeles, CA 90003

Sale: $900,000

7/15/20253.04 mi

Area:2,520 sqft
Price/sqft:$357
Beds:6
Baths:5
Year Built:
Weight:15.5%
157 W 93rd St, Los Angeles, CA 90003

157 W 93rd St, Los Angeles, CA 90003

Sale: $868,000

8/14/20242.75 mi

Area:1,952 sqft
Price/sqft:$445
Beds:6
Baths:3
Year Built:
Weight:13.0%

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