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$1,300,000
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Property Description
Introducing this amazing 4 unit multifamily property in turnkey condition in the South Park neighborhood of Los Angeles. Two buildings sit on the lot which are comprised of two duplexes: 'structure one' is completely brand-new construction and 'structure two' is a meticulously "studs up" renovation. The front structure underwent a complete overhaul and now consists of two modern 2 bd + 1 ba units. The rear structure is brand new construction with a mix of one 2 bd + 1 ba and one 1 bd + 1 ba ADUs. All units are separately metered for all utilities (water sub-metering) and include open floor plans, modern kitchens, air conditioning and hard wood flooring. Its central location provides investors an extensive tenant pool. USC is a short 3 mile drive, Downtown LA is minutes to the North and access to the 110 Freeway is less than a mile away.
Full Property Details
Full Property Details for 438 E 56th St
General
- Sold For: $1,300,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 24-377657
- Added to Site: 683 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 7
Additional Information
- Other Features: None
Parking
- Garage Description: Driveway
Location
- Area: Downtown L.A.
- County: Los Angeles
- Driving Directions: Located on E 56th St, between Avalon Blvd and San Pedro St
Heating & Cooling
- Cooling Type: Air Conditioning
- Heating Type: Wall
Structural Information
- # Buildings: 2
- Stories/Levels: 1
- Square Feet: 2,219
- Sq. Ft. Source: Builder
- Year Built: 2024
- Year Built Source: Builder
Unit Information
- Units in Complex: 4
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.117
- Lot Size: 5093
- Lot Size Source: Assessor
- Lot Dimensions: 40 x 127
- Zoning: LAR2
Financial Considerations
- Price Per Sq. Ft.: $607.93
- Assessment Year: 2024
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5101-004-022
Listed by Remax Commercial and Investment Realty, Enrique Viramontes
Sold by Real Estate Source, Inc., Toyin Olaoye
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Schools
Schools serving 438 E 56th St
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 | 0.1 mi |
Social Justice Schools: Fine Arts Academy At Dr. Maya Angelou Community High 300 East 53rd Street, Los Angeles, CA 90011 | 9-12 | 0.2 mi |
Thomas Jefferson Senior High School 1319 East 41st Street, Los Angeles, CA 90011 | 9-12 | 1.5 mi |
Nava College Preparatory Academy 1319 East 41st Street, Los Angeles, CA 90011 | 9-12 | 1.5 mi |
Santee Education Complex 1921 S. Maple Ave., Los Angeles, CA 90011 | 9-12 | 2.6 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 438 E 56th St
Date
Details
Price
Change
Source
1/17/2025
Sold
$1,300,000
-3.63%
MLS
11/07/2024
Price Reduced
$1,349,000
-3.57%
MLS
9/30/2024
Price Reduced
$1,399,000
-0.07%
MLS
7/15/2024
Price Reduced
$1,400,000
-8.2%
MLS
4/08/2024
Listed
$1,525,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
438 E 56th St, Los Angeles, CA 90011 (MLS# 24-377657) is a Multi-Family property that was sold at $1,300,000 on January 17, 2025. Want to learn more about 438 E 56th St? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.

