NOT LISTED FOR SALE

1027 E 56th St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $825,025 - $1,182,000

8 Beds
4 Baths
2,496 Sq Ft
$410/Sq Ft Est. Value

Last Sold September 06, 2016

Last sale price $550,000 $220 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $6,115/month

71 Days on Market

About This Home

As of September 2016

GREAT OPPORTUNITY FOR INVESTMENT OR OWNER OCCUPIED,4 BEDROOMS 2 BATH EACH,NEWER CONSTRUCTION,NO RENT CONTROL.

Last Agent to Sell the Property

Daniel Diaz

First Family Homes License #01148097 Listed on: 06/09/2016

Last Buyer's Agent

Tony Han

HK Mega Real Estate & Investment License #01426050

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,922

Year Built

  • Built in 2006

Lot Details

  • 6,750 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 6 Parking Spaces

Home Design

  • 2,496 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 13
  • Assessor Parcel Number 5103019020

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $720
  • Water Sewer Expense $2,400
  • New Taxes Expense $3,750
  • Gross Income $3,900
  • Net Operating Income $42,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,922

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 5103019020
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 220.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 6750.00
  • Price Per Lot Square Foot: 81.48

Multi Family

  • Gross Income: 3900.00
  • Gross Scheduled Income: 46000.00
  • Insurance Expense: 720.00
  • Net Operating Income: 42400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 3600.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3750.00
  • Tax Lot: 13
  • Tax Tract Number: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2016
Sold by
Gomez Gerardo R
Bought by
Yi Sung and Shin Jungseon
Current Estimated Value
$1,024,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2010
Sold by
Mateo Alejandro Pedro
Bought by
Gomez Gerardo R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,300
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2010
Sold by
Pesquera Yirased P
Bought by
Gomez Gerardo R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,300
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2007
Sold by
Cochran Investment Co Inc
Bought by
Mateo Alejandro Pedro and Francisco Catarina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 2006
Sold by
Gordon Sharon R
Bought by
Cochran Investment Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.66%

Purchase Details

Closed on
Oct 27, 2004
Sold by
Gordon Lorenzy
Bought by
Gordon Sharon R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
6.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2002
Sold by
Greene Mildred Deane
Bought by
Gordon Sharon Renee and Greene Mildred Dean
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
Yi Sung $550,000 Chicago Title Company
Gomez Gerardo R $289,000 Fidelity National Title Co
Gomez Gerardo R -- Fidelity National Title Co
Mateo Alejandro Pedro $665,000 Old Republic Title
Cochran Investment Co Inc $298,000 Ort
Gordon Sharon R -- First American Title Insuran
Gordon Sharon Renee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yi Sung $420,000
Previous Owner Yi Sung $412,500
Previous Owner Gomez Gerardo R $202,300
Previous Owner Mateo Alejandro Pedro $532,000
Previous Owner Forever Green Developers Llc $350,000
Previous Owner Gordon Sharon R $138,000
Previous Owner Gordon Sharon Renee $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2016 09/06/16 Sold $550,000 -1.3% $220 / Sq Ft
08/19/2016 08/19/16 Pending -- -- --
07/15/2016 07/15/16 Price Changed $557,000 -0.4% $223 / Sq Ft
06/09/2016 06/09/16 For Sale $559,000 -- $224 / 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 $7,922 $638,316 $313,355 $324,961
2024 $7,922 $625,801 $307,211 $318,590
2023 $7,773 $613,532 $301,188 $312,344
2022 $7,418 $601,503 $295,283 $306,220
2021 $7,318 $589,710 $289,494 $300,216
2019 $7,103 $572,220 $280,908 $291,312
2018 $7,006 $561,000 $275,400 $285,600
2017 $6,854 $550,000 $270,000 $280,000
2016 $3,983 $312,769 $182,900 $129,869
2015 $3,927 $308,072 $180,153 $127,919
2014 $3,952 $302,039 $176,625 $125,414
Source: Public Records

Agents Affiliated with this Home

  • Daniel Diaz

    Seller's Agent in 2016

    Daniel Diaz

    First Family Homes

    (562) 843-4887

    1 in this area

    22 Total Sales

    Daniel Diaz
    Section Image

  • T

    Buyer's Agent in 2016

    Tony Han

    HK Mega Real Estate & Investment

    (714) 690-1533

    8 Total Sales

    Tony Han
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16125103

California Regional Multiple Listing Service (CRMLS)

APN: 5103-019-020

California Los Angeles County Los Angeles 90011 South Park

1027 E 56th St, Los Angeles, CA

This home is located at 1027 E 56th St, Los Angeles, CA 90011 since 09 June 2016 and is currently estimated at $1,024,006, approximately $410 per square foot. This property was built in 2006. 1027 E 56th St is a home located in Los Angeles County with nearby schools including Estrella 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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