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$899,000
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Property Description
Welcome to a prime Los Angeles investment and owner-occupant opportunity. This well-maintained duplex is ideally located near some of the city's most iconic landmarks, including the LA Coliseum, BMO Stadium, Exposition Park, USC, the California Science Center, and the highly anticipated Lucas Museum of Narrative Art. With convenient access to major freeways and public transportation, this location offers exceptional connectivity throughout Los Angeles.
The property features a flexible and functional layout with spacious living areas, offering versatility for a variety of living or investment strategies. The main residence includes 4 bedrooms and 2 bathrooms, while the additional living spaces offer 2 bedrooms and 1 bathroom each, both with private stairway access, providing added privacy and separation.
Additional highlights include dedicated side parking, along with ample street parking. Whether you are looking for a long-term income property or a live-in opportunity with supplemental income, this property presents strong potential in a high-demand rental area.
With its desirable location, accessibility, and adaptable layout, this is a rare opportunity to own a well-positioned Los Angeles property with multiple possibilities.
Full Property Details
Full Property Details for 342 W 56th #3
General
- Price: $899,000
- Status: Active
- Type: Commercial Multi-Family
- Source: MRMLS
- MLS ID: CV25280946
- Updated: 2/11/2026
- Days on Market: 55 days
- Added to Site: 54 day(s) ago
Interior
- Laundry Facilities: Yes
Rooms
Other Rooms
- Laundry: Gas & Electric Dryer Hookup
Location
- County: Los Angeles
- Building Name: 8 Bedroooms
- Driving Directions: Grand Ave and Broadway
Structural Information
- Builder: 4 Bathrooms
- Entry Floor Number: 1
- Stories/Levels: 2
- Building Size: 3140
- Square Feet: 3,140
- Year Built: 2000
Unit Information
- Occupancy Rate: Occupied
Lot Features
- Lot Size (Acres): 0.1099
- Useable Acres: .1099
- Lot Size (Sq. Ft.): 4,788
- Lot Size Source: Assessor
- Lot Features: 2-5 Units/Acre
- Lot Description: 2-5 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $286
Disclosures and Reports
- Investment: Yes
- Property ID: 5101038028
Listed by Champions Real Estate, YvetteVelazquez
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Schools
Schools serving 342 W 56th #3
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Estrella Elementary School 120 East 57th Street, Los Angeles, CA 90011 | K-5 | 0.4 mi |
Los Angeles Academy Middle 644 56th Street, Los Angeles, CA 90011 | 6-8 | 0.9 mi |
Social Justice Schools: Fine Arts Academy At Dr. Maya Angelou Community High 300 East 53rd Street, Los Angeles, CA 90011 | 9-12 | 0.7 mi |
Thomas Jefferson Senior High School 1319 East 41st Street, Los Angeles, CA 90011 | 9-12 | 2.1 mi |
Nava College Preparatory Academy 1319 East 41st Street, Los Angeles, CA 90011 | 9-12 | 2.1 mi |
Santee Education Complex 1921 S. Maple Ave., Los Angeles, CA 90011 | 9-12 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 342 W 56th #3
Date
Details
Price
Change
Source
12/28/2025
Listed
$899,000
199.67%
MLS
3/10/2004
Sold
$300,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 342 W 56th #3
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,556
4%
$426,515
4%
2023
$5,339
5%
$409,955
2%
2022
$5,098
2%
$401,918
2%
2021
$5,021
-1%
$394,038
1%
2020
$5,066
4%
$389,998
2%
2019
$4,875
2%
$382,352
2%
2018
$4,798
2%
$374,856
2%
2017
$4,695
3%
$367,507
2%
2016
$4,558
1%
$360,302
2%
2015
$4,494
-1%
$354,891
2%
2014
$4,519
—
$347,941
—
2013
$4,519
—
$346,369
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 342 W 56th #3
342 W 56th #3, Los Angeles, CA 90037 (MLS# CV25280946) is a Commercial Multi-Family property. 342 W 56th #3 is currently listed for $899,000 and was received on December 28, 2025. Want to learn more about 342 W 56th #3? Do you have questions about finding other Commercial Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

