Well-Maintained Duplex with Side
342 West 56th Street Unit 3 Los Angeles, CA 90037
For Sale
$899,000
Well-maintained duplex with three residential units totaling separate bedroom and bathroom configurations and dedicated side parking.
Property Size3,140 SF
Price / SF$286.31
Days on Market216
Property Features for 342 West 56th Street Unit 3
General Information
- Standard status
- Active
- Size
- 3,140 SF
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 2000
Listing Agency:
CHAMPIONS REAL ESTATE
(626) 208-7675
Listed By:
Yvette Velazquez · License #02119888
(626) 208-7675
Source:
Compass
Added: Dec 19, 2025
Changed: Jul 23
Last Checked: Jul 23 at 2:23PM
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 CHAMPIONS REAL ESTATE
Investment Insights
Based on property information with market context.
This well-maintained duplex offers a flexible, income-capable layout with spacious living areas. The main residence features 4 bedrooms and 2 bathrooms. Additional living spaces include 2 bedrooms and 1 bathroom each, with private stairway access that provides separation between the units.
The property is located near major Los Angeles destinations, including LA Coliseum, BMO Stadium, Exposition Park, USC, the California Science Center, and the Lucas Museum of Narrative Art. Convenient access to major freeways and public transportation supports everyday connectivity. Dedicated side parking is available, along with ample street parking.
Designed for practical living and rental use, the building’s unit mix and private access points give owners and occupants options for long-term income or owner-occupancy with supplemental revenue.
The property is located near major Los Angeles destinations, including LA Coliseum, BMO Stadium, Exposition Park, USC, the California Science Center, and the Lucas Museum of Narrative Art. Convenient access to major freeways and public transportation supports everyday connectivity. Dedicated side parking is available, along with ample street parking.
Designed for practical living and rental use, the building’s unit mix and private access points give owners and occupants options for long-term income or owner-occupancy with supplemental revenue.
Key Highlights
- Well‑maintained duplex built in 2000 with 3 residential units
- Main residence features 4 bedrooms and 2 bathrooms
- Two additional units each offer 2 bedrooms and 1 bathroom, with private stairway access
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.9k | $24.48 |
| − Vacancy | −$1.9k | −$0.61 |
| EGI | $74.9k | $23.87 |
| − OpEx | −$22.5k | −$7.16 |
| NOI | $52.5k | $16.71 |
3,140 SF · lease $24.48/SF/yr · vacancy 2.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$749.5K
$655.8K – $874.4K
NOI $52,462 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$666.1K
$582.9K – $777.1K
NOI $46,628 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,126 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex with three residential units totaling separate bedroom and bathroom configurations and dedicated side parking.
Where is this duplex located?
The property is located at 342 West 56th Street Unit 3 Los Angeles, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 2000 with 3 residential units; Main residence features 4 bedrooms and 2 bathrooms; Two additional units each offer 2 bedrooms and 1 bathroom, with private stairway access
