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350 E 56th St, Los Angeles, CA 90011

Sale Price: $500,000
Oct 16, 2024806 sqft3 beds2 baths
Listed by: Stephanie Ramos
License #: 02079333
Phone #: 661-262-9224
NextHome Real Estate Rockstars
Source:
CRMLS Logo
MLS #: SR24214779

Property Description

***INVESTOR OPPORTUNITY*** Unlock the full potential of this 3-bedroom, 2-bathroom fixer-upper, offering endless possibilities for value and growth. With R2 zoning and a generous lot size, there's the option to add an ADU, build an additional unit, or expand the current home, maximizing its investment appeal. Conveniently located near Downtown LA with easy access to the 110 and 10 freeways, this property is a prime canvas for savvy investors looking to capitalize on its location and versatility. Seize this rare chance to turn potential into profit!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
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

$7,194

TurboHome Estimated Value

$502,300

$623 sqft

High Valuation
$527,415
$654/sqft
Normal Valuation
$502,300
$623/sqft
Low Valuation
$477,185
$592/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$623/sqft$502,300

Neighborhood: Southeast Los Angeles

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Comparative Value

$460K

$500K

$525K

$645K

$665K

5928 S Los Angeles St, Los Angeles, CA 90003

Sale Price: $460,000

Selected Comparable

350 E 56th St, Los Angeles, CA 90011

Sale Price: $500,000

Selected Comparable

350 E 56th St, Los Angeles, CA 90011

List Price: $525,000

Subject Property

204 E 64th St, Los Angeles, CA 90003

Sale Price: $530,000

Selected Comparable

776 E 54th St, Los Angeles, CA 90011

Sale Price: $645,000

Selected Comparable

898 E 57th St, Los Angeles, CA 90011

Sale Price: $665,000

Selected Comparable

Neighborhood Comps

Subject Property

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

350 E 56th St, Los Angeles, CA 90011

List: $525,000

Listed: 10/16/2024

Area:806 sqft
Price/sqft:$651
Beds:3
Baths:2
Year Built:
Lot Size:5,096

Comparable Properties

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

350 E 56th St, Los Angeles, CA 90011

Sale: $500,000

12/2/20240.00 mi

Area:806 sqft
Price/sqft:$620
Beds:3
Baths:2
Year Built:
Weight:24.3%
776 E 54th St, Los Angeles, CA 90011

776 E 54th St, Los Angeles, CA 90011

Sale: $645,000

4/7/20250.43 mi

Area:782 sqft
Price/sqft:$825
Beds:2
Baths:2
Year Built:
Weight:19.8%
898 E 57th St, Los Angeles, CA 90011

898 E 57th St, Los Angeles, CA 90011

Sale: $665,000

4/3/20250.49 mi

Area:1,028 sqft
Price/sqft:$647
Beds:3
Baths:2
Year Built:
Weight:19.3%
5928 S Los Angeles St, Los Angeles, CA 90003

5928 S Los Angeles St, Los Angeles, CA 90003

Sale: $460,000

4/28/20250.33 mi

Area:750 sqft
Price/sqft:$613
Beds:2
Baths:2
Year Built:
Weight:19.1%
204 E 64th St, Los Angeles, CA 90003

204 E 64th St, Los Angeles, CA 90003

Sale: $530,000

8/13/20240.72 mi

Area:888 sqft
Price/sqft:$597
Beds:3
Baths:1
Year Built:
Weight:17.5%

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3

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