1036 W 55th St Los Angeles, CA 90037
Vermont-Slauson Neighborhood
4
Beds
2
Baths
1,836
Sq Ft
5,877
Sq Ft Lot
Highlights
- No HOA
- Built-In Features
- Wrought Iron Fence
- Den
- Living Room
- Carpet
About This Home
As of October 2024Welcome to the 55th Street Duplex! This is truly a perfect real estate opportunity for anyone looking to take advantage of a long term investment or to achieve passive income. Each unit is an open concept with living room and kitchen, 2 bedrooms, 1 bath and an office. Freshly renovated with vinyl flooring and carpet, fresh paint, electrical, plumbing, countertops, sinks in the kitchen and bathroom and water heaters. The property comes with plenty of parking in the back and there is also an opportunity to build an ADU and increase your income. Preliminary architectural ADU plans have been drafted and can be made as part of the sale. Centrally located, close to Downtown LA, in great proximity to major freeways, Sofi Stadium, Crypto Stadium, USC and LAX.
One unit is vacant and the other unit is occupied with a tennant who is moving at the end of September. Both units will be DELIVERED VACANT.
Hurry up! This classic 1921 home just received an incredible makeover and it won’t last long. Don’t miss this great financial real estate investment.
Last Agent to Sell the Property
eXp Realty of Greater Los Angeles, Inc. Brokerage Phone: 310-266-9890 License #02123620 Listed on: 08/25/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,071
Year Built
- Built in 1921 | Remodeled
Lot Details
- 5,877 Sq Ft Lot
- 1 Common Wall
- Wrought Iron Fence
- Front Yard
- Density is up to 1 Unit/Acre
Home Design
- Duplex
- Stucco
Interior Spaces
- 1,836 Sq Ft Home
- 1-Story Property
- Built-In Features
- Living Room
- Den
- Gas Range
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Parking Available
- Paved Parking
Utilities
- Wall Furnace
- Water Heater
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, parking fee
- Tax Lot 50
- Tax Tract Number 232
- Assessor Parcel Number 5002022006
- $366 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $720
- Insurance Expense $1,200
- Other Expense $11,340
- Trash Expense $240
- Water Sewer Expense $240
- Operating Expense $14,190
- Gross Income $78,000
- Net Operating Income $63,810
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 25, 2024
Closed on
Sep 27, 2024
Sold by
Lany4531 Llc
Bought by
Barreto Miguel and Esparza Tabitha Eileen
Seller's Agent
Brenda Hailey
eXp Realty of Greater Los Angeles, Inc.
Buyer's Agent
James Husebo
Mint Real Estate
List Price
$859,000
Sold Price
$860,000
Premium/Discount to List
$1,000
0.12%
Views
21
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,493
Avg. Annual Appreciation
-1.01%
Original Mortgage
$844,423
Outstanding Balance
$836,374
Interest Rate
6.35%
Mortgage Type
FHA
Estimated Equity
$16,818
Purchase Details
Closed on
Jun 28, 2024
Sold by
Montes Christopher and Montes Amanda
Bought by
Lany4531 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,480
Interest Rate
7.03%
Mortgage Type
Credit Line Revolving
Purchase Details
Listed on
Oct 30, 2022
Closed on
Mar 1, 2023
Sold by
Montes Christopher
Bought by
Montes Christopher and Montes Amanda
Seller's Agent
Mark King
Mark King
Buyer's Agent
Julio Guardado-Mendoza
Keller Williams Los Angeles
List Price
$750,000
Sold Price
$630,000
Premium/Discount to List
-$120,000
-16%
Views
39
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.84%
Original Mortgage
$378,000
Interest Rate
4.7%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 30, 2022
Closed on
Jan 24, 2023
Sold by
Montes Amanda Beth
Bought by
Montes Christopher
Seller's Agent
Mark King
Mark King
Buyer's Agent
Julio Guardado-Mendoza
Keller Williams Los Angeles
List Price
$750,000
Sold Price
$630,000
Premium/Discount to List
-$120,000
-16%
Views
39
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
4.7%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 30, 2022
Closed on
Jan 23, 2023
Sold by
Morgan Lakeisha Deshaun
Bought by
Montes Christopher
Seller's Agent
Mark King
Mark King
Buyer's Agent
Julio Guardado-Mendoza
Keller Williams Los Angeles
List Price
$750,000
Sold Price
$630,000
Premium/Discount to List
-$120,000
-16%
Views
39
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
4.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 9, 2022
Sold by
Morgan Lakeisha Deshaun
Bought by
Morgan Lakeisha Deshaun and Moss Lillie M
Purchase Details
Closed on
Mar 10, 2022
Sold by
Lillie M Moss Living Trust
Bought by
Morgan Lakeisha De Shaun
Purchase Details
Closed on
Feb 19, 2020
Sold by
Moss Lillie M and Lillie M Moss Living Trust
Bought by
Moss Lillie M and Lillie M Moss Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
3.6%
Mortgage Type
Commercial
Purchase Details
Closed on
May 25, 2000
Sold by
Moss John
Bought by
Moss John and Moss Lillie Marie
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $860,000 | Chicago Title Company | |
| Grant Deed | -- | Chicago Title Company | |
| Deed | -- | Doma Title | |
| Deed | -- | Usa National Title | |
| Grant Deed | $630,000 | Usa National Title | |
| Gift Deed | -- | -- | |
| Quit Claim Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $844,423 | FHA | |
| Previous Owner | $220,480 | Credit Line Revolving | |
| Previous Owner | $378,000 | New Conventional | |
| Previous Owner | $380,000 | New Conventional | |
| Previous Owner | $325,000 | Commercial | |
| Previous Owner | $1,000,000 | Credit Line Revolving | |
| Previous Owner | $316,000 | Unknown | |
| Previous Owner | $228,000 | Stand Alone First |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/05/2024 12/05/24 | Off Market | $3,200 | -- | -- |
| 11/01/2024 11/01/24 | For Rent | $3,200 | 0.0% | -- |
| 10/18/2024 10/18/24 | Sold | $860,000 | +0.1% | $468 / Sq Ft |
| 09/17/2024 09/17/24 | Pending | -- | -- | -- |
| 08/25/2024 08/25/24 | For Sale | $859,000 | +36.3% | $468 / Sq Ft |
| 01/27/2023 01/27/23 | Sold | $630,000 | 0.0% | $343 / Sq Ft |
| 01/19/2023 01/19/23 | Pending | -- | -- | -- |
| 01/05/2023 01/05/23 | Off Market | $630,000 | -- | -- |
| 01/02/2023 01/02/23 | For Sale | $750,000 | +19.0% | $408 / Sq Ft |
| 12/22/2022 12/22/22 | Off Market | $630,000 | -- | -- |
| 12/20/2022 12/20/22 | Price Changed | $750,000 | 0.0% | $408 / Sq Ft |
| 12/20/2022 12/20/22 | For Sale | $750,000 | +19.0% | $408 / Sq Ft |
| 12/16/2022 12/16/22 | Off Market | $630,000 | -- | -- |
| 10/30/2022 10/30/22 | For Sale | $600,000 | -- | $327 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $8,071 | $860,000 | $600,000 | $260,000 |
| 2024 | $8,071 | $642,600 | $459,000 | $183,600 |
| 2023 | $7,498 | $594,603 | $359,359 | $235,244 |
| 2022 | $935 | $48,918 | $30,229 | $18,689 |
| 2021 | $911 | $47,960 | $29,637 | $18,323 |
| 2020 | $915 | $47,470 | $29,334 | $18,136 |
| 2019 | $892 | $46,540 | $28,759 | $17,781 |
| 2018 | $790 | $45,629 | $28,196 | $17,433 |
| 2016 | $740 | $43,859 | $27,102 | $16,757 |
| 2015 | $732 | $43,201 | $26,695 | $16,506 |
| 2014 | $751 | $42,356 | $26,173 | $16,183 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Brenda Hailey
eXp Realty of Greater Los Angeles, Inc.
(310) 266-9890
1 in this area
14 Total Sales
-
Buyer's Agent in 2024
James Husebo
Mint Real Estate
(949) 335-4666
1 in this area
36 Total Sales
-
Seller's Agent in 2023
Mark King
Mark King
(646) 946-7677
2 in this area
26 Total Sales
-
J
Buyer's Agent in 2023
Julio Guardado-Mendoza
Keller Williams Los Angeles
(323) 529-5558
1 in this area
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB24141406
APN: 5002-022-006
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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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