NOT LISTED FOR SALE

1015 E 55th St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $635,301 - $764,000

5 Beds
4 Baths
2,294 Sq Ft
$314/Sq Ft Est. Value

Last Sold December 29, 2020

Last sale price $535,000 $233 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $4,521/month

10 Days on Market

Highlights

  • Laundry Room
  • Central Heating
  • Level Lot

About This Home

As of December 2020

Opportunity knocks! Triplex with 2 units ready to be remodeled. The front house has 3 bedrooms and 2 baths with a 1 car garage. There is also a separate back structure with two, 1 bedrooom, 1 bathroom units. The units are individually metered for gas and power. Cash Only.

Last Agent to Sell the Property

Jack Stephan

Jack Stephan, Broker License #01916736 Listed on: 10/13/2020

Last Buyer's Agent

Ariel Alamillo

OPTION ONE REAL ESTATE License #01048934

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,297

Year Built

  • Built in 1928

Lot Details

  • 7,014 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 1 Car Garage

Home Design

  • 2,294 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Central Heating
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 20 / B
  • Assessor Parcel Number 5103020007

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,297

Year Built

Built in 1928

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5103020007
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 233.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 7014.00
  • Lot Size Acres: 0.1610

Multi Family

  • Lot Size Area: 7014.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Block: B
  • Tax Census Tract: 2294.20
  • Tax Lot: 20
  • Tax Tract Number: /

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2024
Sold by
Morris Elizabeth and Banks Alex
Bought by
Banks Alex
Current Estimated Value
$719,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Outstanding Balance
$628,112
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$91,148

Purchase Details

Closed on
Mar 25, 2024
Sold by
Banks Alex
Bought by
Morris Elizabeth and Banks Alex

Purchase Details

Closed on
Oct 28, 2020
Sold by
Magnum Property Investments Llc
Bought by
Banks Alex

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2019
Sold by
Johnson Oscar G
Bought by
Magnum Property Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,500,000
Interest Rate
3.7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Banks Alex -- Lawyers Title
Morris Elizabeth -- Lawyers Title
Banks Alex $535,000 Fidelity National Title Co
Magnum Property Investment Llc $502,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banks Alex $635,000
Previous Owner Banks Alex $360,000
Previous Owner Magnum Property Investments Llc $147,500,000
Previous Owner Johnson Oscar G $544,185
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2020 12/29/20 Sold $535,000 -2.7% $233 / Sq Ft
10/23/2020 10/23/20 Pending -- -- --
10/13/2020 10/13/20 For Sale $550,000 -- $240 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,297 $579,099 $376,686 $202,413
2024 $7,297 $567,745 $369,300 $198,445
2023 $7,162 $556,613 $362,059 $194,554
2022 $6,839 $545,700 $354,960 $190,740
2021 $6,747 $535,000 $348,000 $187,000
2020 $8,545 $674,000 $350,000 $324,000
2019 $3,929 $295,805 $206,663 $89,142
2018 $828 $47,136 $18,504 $28,632
2016 $763 $45,308 $17,787 $27,521
2015 $755 $44,628 $17,520 $27,108
2014 $778 $43,754 $17,177 $26,577
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jack Stephan

    Jack Stephan, Broker

    (310) 936-8334

    1 in this area

    60 Total Sales

    Section Image

  • A

    Buyer's Agent in 2020

    Ariel Alamillo

    OPTION ONE REAL ESTATE

    (800) 556-0319

    1 in this area

    59 Total Sales

    Ariel Alamillo
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN20216295

California Regional Multiple Listing Service (CRMLS)

APN: 5103-020-007

California Los Angeles County Los Angeles 90011 South Park

1015 E 55th St, Los Angeles, CA

This home is located at 1015 E 55th St, Los Angeles, CA 90011 since 13 October 2020 and is currently estimated at $719,575, approximately $313 per square foot. This property was built in 1928. 1015 E 55th St is a home located in Los Angeles County with nearby schools including Aurora Elementary School, Los Angeles Academy Middle School, and Thomas Jefferson Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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