314 W 56th Street, Los Angeles, CA 90037

About this duplex

**Priced to sell! ** Great South L.A. location on W 56th St. just north of Slauson Ave. and south of the up-and-coming Figueroa neighborhood adjacent to the University of Southern Cal. The subject property is very near Downtown L.A. and minutes to LAX and SoFi Stadium. Additionally, there are multiple newly developed 2-unit properties almost adjacent to the subject property on W 56th St. Built in 2013, the property is not subject to City or State rent-control. This well-maintained property features two large five bedroom – three bath units with spacious floor plans. Both tenants are section-8 (providing secured income). The property is separately metered (tenants pay for electric, gas, & trash), gated, and features a detached-enclosed three car garage with additional surface parking at the rear of property. This is a fantastic cash-flowing property for any investor looking to capitalize on newer construction (low-maintenance) / non-rent control asset in a rapidly improving area of L.A. Property to be sold in "As-Is" condition. Buyer to verify all info.

Listing description from the January 2023 sale, as reported to CRMLS.

Sale history

$930,000

Sold January 2023 · listed $925,000, on market December 2022 · MLS #SR22251645 · Source: CRMLS

Listing Agent: Matthew Sillaman · Listing Office: LB Property Management Inc · Contact: 541-543-0407 · Bought with: Raed Shehadeh · Casa Real Estate

$550,000

Sold November 2013 · on market September 2013 · MLS #DW13198714 · Source: CRMLS

Listing Agent: Sandra Alvarez · Listing Office: American Team Realty · Contact: 562-272-2717 · Bought with: Daniel Jason Yourist · Realty Wizards, Inc.

$115,000

Sold December 2012 · listed $104,000, on market November 2012 · MLS #12638579 · Source: CRMLS

Listing Agent: Cesar Reinoso · Listing Office: Reinoso Properties · Contact: 818-552-4300 · Bought with: Cesar Reinoso · Reinoso Properties

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