240 E 56th St, Los Angeles, CA 90011 - View 1
240 E 56th St, Los Angeles, CA 90011 - View 2
240 E 56th St, Los Angeles, CA 90011 - View 3

240 E 56th St, Los Angeles, CA 90011

List Price: $475,000On Market FlagOn market
Jan 6, 2025932 sqft3 beds2 baths
Listed by: Venus Martinez
License #: 01206834
Phone #: 562-201-3772
Redfin Corporation
Source:
CRMLS Logo
MLS #: SB25001537

Property Description

Investors or family - Move-In Ready Home - Affordable & Conveniently Located! Discover this desirable 3-bedroom, 2-bathroom home that’s perfect for investors. (Price reflects buyer responsibility for tenant)This property is tenant occupied and will be sold with tenant in place, however you can do you inspections. Completely gated for your privacy and security, the property features secure parking and a low-maintenance design. Enjoy the ease of living within walking distance to all essential amenities, including shopping, dining, and schools. With public transportation just steps away, commuting is a breeze! This home is ideal for those seeking an affordable and centrally located property!
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

$7,629

TurboHome Estimated Value

$491,800

$528 sqft

High Valuation
$516,390
$554/sqft
Normal Valuation
$491,800
$528/sqft
Low Valuation
$467,210
$501/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$528/sqft$491,800

Neighborhood: Southeast Los Angeles

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Comparative Value

$460K

$475K

$500K

$560K

$645K

$670K

5928 S Los Angeles St, Los Angeles, CA 90003

Sale Price: $460,000

Selected Comparable

240 E 56th St, Los Angeles, CA 90011

List Price: $475,000

Subject Property

350 E 56th St, Los Angeles, CA 90011

Sale Price: $500,000

Selected Comparable

700 E 50th St, Los Angeles, CA 90011

Sale Price: $560,000

Selected Comparable

776 E 54th St, Los Angeles, CA 90011

Sale Price: $645,000

Selected Comparable

344 W 57th St, Los Angeles, CA 90037

Sale Price: $670,000

Selected Comparable

Neighborhood Comps

Subject Property

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

240 E 56th St, Los Angeles, CA 90011

List: $475,000

Listed: 1/6/2025

Area:932 sqft
Price/sqft:$510
Beds:3
Baths:2
Year Built:
Lot Size:3,077

Comparable Properties

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

350 E 56th St, Los Angeles, CA 90011

Sale: $500,000

12/2/20240.12 mi

Area:806 sqft
Price/sqft:$620
Beds:3
Baths:2
Year Built:
Weight:23.3%
700 E 50th St, Los Angeles, CA 90011

700 E 50th St, Los Angeles, CA 90011

Sale: $560,000

10/31/20240.59 mi

Area:1,126 sqft
Price/sqft:$497
Beds:3
Baths:2
Year Built:
Weight:20.3%
344 W 57th St, Los Angeles, CA 90037

344 W 57th St, Los Angeles, CA 90037

Sale: $670,000

2/18/20250.55 mi

Area:1,260 sqft
Price/sqft:$532
Beds:3
Baths:2
Year Built:
Weight:19.3%
776 E 54th St, Los Angeles, CA 90011

776 E 54th St, Los Angeles, CA 90011

Sale: $645,000

4/7/20250.54 mi

Area:782 sqft
Price/sqft:$825
Beds:2
Baths:2
Year Built:
Weight:18.5%
5928 S Los Angeles St, Los Angeles, CA 90003

5928 S Los Angeles St, Los Angeles, CA 90003

Sale: $460,000

4/28/20250.32 mi

Area:750 sqft
Price/sqft:$613
Beds:2
Baths:2
Year Built:
Weight:18.5%

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