330 W 56th St,Los Angeles, CA 90037
Los Angeles, CA 90037
Description
Rare LARD2 Development Opportunity with a Brand-New Roof in the Heart of Los Angeles! This is your chance to acquire an income-producing duplex (2 Units each 2 bed 1 bath) situated on a 5,400 sq. ft. LARD2-zoned lot in one of Los Angeles' rapidly evolving neighborhoods. A new roof was installed less than one year ago, providing added value and reducing a major future capital expense for the next owner. Whether you're an investor looking to expand your portfolio, a developer seeking future opportunities, or a buyer searching for a property with long-term upside, this exceptional offering checks all the boxes. The existing duplex features two spacious 2-bedroom, 1-bath units with month-to-month tenants, separate electric meters, providing immediate rental income while offering flexibility for future ownership strategies, subject to applicable laws and regulations. Additional improvements include a detached two-car garage and a basement/storage area, creating even more functionality and future possibilities. LARD2-zoned duplex properties on a 5,400 sq. ft. lot with a recently installed roof are becoming increasingly difficult to find. Whether your strategy is to hold for long-term appreciation, enhance the existing asset, or explore future redevelopment opportunities, this property offers exceptional potential. Buyers are encouraged to independently verify zoning, development possibilities, ADU opportunities, allowable density, and future use with the City of Los Angeles. This property will not last call today! Buyer and Buyer's Agents are encouraged to independently inspect, investigate, and verify all information concerning the property, including condition, square footage, lot size, boundaries, zoning, permits, utilities, taxes, assessments, disclosures, and intended use, through their own inspections, professionals, public records, and governmental agencies. Buyer and Buyer's Agent to rely on their own due diligence and not solely on information provided by Seller, Listing Agent, Listing Broker, MLS, or third parties. Buyer acknowledges having had the opportunity to conduct all investigations deemed necessary before completing the purchase. Nothing herein relieves Seller, Listing Agent, or Listing Broker of any disclosure or legal obligations that cannot be waived under California law.
Details
| MLS # | DW26164677 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 97 |
| Listing Provided By | eXp Realty of Greater L.A | Jonathan Hernandez |
Features
| SQ Feet | 1,456 |
|---|---|
| Garage | 2 |
| Story(s) | 1 |
| Units | 2 |
| Building(s) | 1 |
| Acreage | 0.12 |
Exterior
| Lot Features | Two To Five Units Acre |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Storm Drains, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90037 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90037) | |
Price: $549,000 low | high Med: $825,000 sqft: 1,456 low | high Med: 1,752 $ / sqft: $377 low | high Med: $471 On site: 97 low | high Med: 52 | |
Market Activity 90037
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90037 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90037) | |
Price: $549,000 low | high Med: $825,000 sqft: 1,456 low | high Med: 1,752 $ / sqft: $377 low | high Med: $471 On site: 97 low | high Med: 52 | |
