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    424 Avenue 56 S Los Angeles, CA 90042

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    For Sale
    $999,000

    Two-unit duplex near Highland Park, ideal for homeowners or investors.

    Property size:
    2,384 SF
    Lot size:
    0.16 Acres

    Property Features for 424 Avenue 56 S

    General Information

    Size
    2,384 SF
    Lot size
    0.16 Acres

    Building Details

    Year built
    1924

    Source: Keller Williams Realty Agent Claudia Medrano

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Los Angeles Duplex Opportunity

    This duplex features two units situated side-by-side on a corner lot. One unit includes 3 bedrooms, while the other has 2 bedrooms; each unit contains 1 bathroom. The property is located minutes from Highland Park. The first unit is well-maintained, while the second unit may require some improvements. The second unit has a private entrance with its own parking spaces. The main house may need updates to allow for driveway parking. The main home has panels and needs to qualify for them or pay them out. The property size is 2384 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Michelle's Housekeeping Janitorial Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.196493
    Latitude
    34.112038

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    FAQs

    What type of property is this?
    Duplex - Two-unit duplex near Highland Park, ideal for homeowners or investors.
    Where is this duplex located?
    The property is located at 424 Avenue 56 S Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - Two Units: Live in one and rent the other for income.; - Corner Unit: One unit has **3 bedrooms**, the other has **2 bedrooms**.; - Prime Location: Minutes from Highland Park.
    Request Owner's contact information
    424 Avenue 56 S Los Angeles, CA 90042
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    Los Angeles, CA 90042
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    424 Avenue 56 S Los Angeles, CA 90042
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