LARD2-Zoned Duplex
For Sale
$549,000
330 W 56TH ST, Los Angeles, CA 90037
Two-bedroom units with separate electric meters and month-to-month tenants provide an existing rental configuration.
Property Size1,456 SF
Lot Size0.12 Acres
Days on Market98
Property Features for 330 W 56TH ST
General Information
Standard status
Active
Size
1,456 SF
Total Parking Spaces
2
Lot size
0.12 Acres
Property subtype
MULTI_FAMILY
Zoning
LARD2
Site & Location
Neighborhood
South Los Angeles
Highway Access
Yes
Building Details
Building Size
1,456 SF
Year Built
1923
Buildings
2
Tenancy
Multi
Listing Agency:
eXp Realty of Greater L.A
Listed By:
Jonathan Hernandez · License #02108096
(562) 652-9291
Source:
Jademillsestates
Added: Jul 25
Changed: Oct 27
Last Checked: Oct 28 at 1:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of Greater L.A
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Investment Insights
Based on property information with market context.
This duplex property includes two 2-bedroom, 1-bath units on a 5,400 sq. ft. LARD2-zoned lot. The units have separate electric meters and month-to-month tenants. A brand-new roof was installed less than one year ago, and the property also includes a detached two-car garage and a basement/storage area. The building was constructed in 1923.
The property is located at 330 W 56TH ST in Los Angeles, with access to the 110 Freeway, Downtown Los Angeles, USC, Exposition Park, BMO Stadium, SoFi Stadium, shopping, dining, public transportation, and major employment centers. Buyers are encouraged to independently verify zoning, development possibilities, ADU opportunities, allowable density, and future use with the City of Los Angeles.
The property is located at 330 W 56TH ST in Los Angeles, with access to the 110 Freeway, Downtown Los Angeles, USC, Exposition Park, BMO Stadium, SoFi Stadium, shopping, dining, public transportation, and major employment centers. Buyers are encouraged to independently verify zoning, development possibilities, ADU opportunities, allowable density, and future use with the City of Los Angeles.
Key Highlights
- LARD2‑zoned 5,400 sq. ft. lot in Los Angeles
- Two 2‑bedroom, 1‑bath units with month‑to‑month tenants
- Brand‑new roof installed less than one year ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,326
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,520
$486.5K
Cap Rate 7%
$347,514
$347.5K
Cap Rate 9%
$270,289
$270.3K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$35.6K $24.48/SF
− Vacancy
−$891 −$0.61/SF
EGI
$34.8K $23.87/SF
− OpEx
−$10.4K −$7.16/SF
NOI
$24.3K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,520
Cap Rate 7%
$347,514
Cap Rate 9%
$270,289
Alternative Uses
Best Use
Multifamily LT 5
$347.5K
$304.1K – $405.4K
NOI $24,326 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$308.9K
$270.3K – $360.4K
NOI $21,621 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$570.5K
$499.2K – $665.6K
NOI $39,936 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,779
Businesses Nearby
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Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units with separate electric meters and month-to-month tenants provide an existing rental configuration.
Where is this duplex located?
The property is located at 330 W 56TH ST Los Angeles, CA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: LARD2‑zoned 5,400 sq. ft. lot in Los Angeles; Two 2‑bedroom, 1‑bath units with month‑to‑month tenants; Brand‑new roof installed less than one year ago
