330 W 56TH ST Los Angeles, CA 90037
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26164677
HOA Y/N No
Year Built 1923
Lot Size 5,401 Sqft
Property Sub-Type Duplex
Property 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 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.
Located in an area experiencing continued revitalization, this property is surrounded by numerous higher-density residential developments and offers excellent access to the 110 Freeway, Downtown Los Angeles, USC, Exposition Park, BMO Stadium, SoFi Stadium, shopping, dining, public transportation, and major employment centers.
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!
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5101038019
Acceptable Financing Cash, Cash to Existing Loan, Conventional, Cal Vet Loan, 1031 Exchange, Submit
Listing Terms Cash, Cash to Existing Loan, Conventional, Cal Vet Loan, 1031 Exchange, Submit
Special Listing Condition Standard
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