NOT LISTED FOR SALE

1157 W 56th St Los Angeles, CA 90037

Vermont-Slauson Neighborhood

Estimated Value: $786,343 - $872,000

4 Beds
3 Baths
2,497 Sq Ft
$337/Sq Ft Est. Value

Last Sold May 12, 2022

Last sale price $750,000 $300 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,335/month

50 Days on Market

About This Home

As of May 2022

*** Corner Property on one of the most beautiful streets South of USC*** This Triplex is located South of USC one block West of Vermont Ave. The corner unit is a 3 bedroom/1 bath detached house Occupied with a Section 8 tenant for many years. The other 2 units are located on Budlong Ave adjacent to a double car garage and side alley. One of the one bedroom units will be delivered vacant. The units have separate entrances, separate Gas and Electricity meters and separate Water Heaters. Very easy to manage. The garage might be a good candidate for adding ADU (s). Buyer to check. Please send your reasonable offer subject to interior inspection.

Last Agent to Sell the Property

Shawn Raoufpour

Gold Realty License #01425538 Listed on: 02/09/2022

Last Buyer's Agent

Shawn Raoufpour

Gold Realty License #01425538 Listed on: 02/09/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,836

Year Built

  • Built in 1924

Lot Details

  • 6,364 Sq Ft Lot

Parking

  • 2 Car Garage
  • 2 Carport Spaces

Interior Spaces

  • 2,497 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5002-021-031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,836

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 2497
  • Lot Acreage: 0.1461
  • Probate: No
  • Year Built: 1924
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 299.96

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Carport Spaces: 2
  • Garage Spaces: 2
  • Parking Garage: Garage
  • Total Parking: 4

Utilities

  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 28.93
  • Assessed Improvement Value: 123099
  • Assessed Land Percent: 71.07
  • Assessed Land Value: 302444
  • Total Assessed Value: 425543
  • Assessor Parcel Number: 5002-021-031
  • Lot Size Area: 6364

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 1.00
  • Number Of Units: 3
  • Total Annual Expense: 1
  • Type Of Units: Flat
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2025
Sold by
Shamoun Balakhaneh
Bought by
Balakhaneh And Manzoorolhagh Family Trust and Balakhaneh
Current Estimated Value
$824,588

Purchase Details

Listed on
Feb 9, 2022
Closed on
Apr 20, 2022
Sold by
Manzoorolhagh Pooran
Bought by
Balakhaneh Shamoun
Seller's Agent
Shawn Raoufpour
Gold Realty
Buyer's Agent
Shawn Raoufpour
Gold Realty
List Price
$749,000
Sold Price
$750,000
Premium/Discount to List
$1,000
0.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.55%
Original Mortgage
$525,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 15, 2016
Closed on
Sep 21, 2016
Sold by
Hirad Sara
Bought by
Parhizi Hirad Sara and Parhizi Hirad Mahshid
Seller's Agent
Janice Neiman
Neiman Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$380,000
Sold Price
$401,000
Premium/Discount to List
$21,000
5.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.90%
Original Mortgage
$280,700
Interest Rate
8.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 15, 2016
Closed on
Sep 8, 2016
Sold by
Avery Wesley H and Estate Of Cheryln Joanne Patte
Bought by
Hirad Sara
Seller's Agent
Janice Neiman
Neiman Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$380,000
Sold Price
$401,000
Premium/Discount to List
$21,000
5.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,700
Interest Rate
8.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 7, 2005
Sold by
Patterson Cherlyn J
Bought by
Patterson Cherlyn J and Evans Theresa E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,500
Interest Rate
6.31%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 5, 2005
Sold by
Evans Theresa E
Bought by
Patterson Cherlyn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,500
Interest Rate
6.31%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 9, 1994
Sold by
Evans Theresa E
Bought by
Evans Theresa E and Patterson Cherlyn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
8.73%
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
Balakhaneh And Manzoorolhagh Family Trust -- --
Balakhaneh Shamoun -- Pacific Coast Title
Parhizi Hirad Sara -- Chicago Title
Hirad Sara $401,000 Chicago Title Co
Patterson Cherlyn J -- Gateway Title Company
Patterson Cherlyn J -- Gateway Title Company
Evans Theresa E -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Balakhaneh Shamoun $525,000
Previous Owner Hirad Sara $280,700
Previous Owner Patterson Cherlyn J $331,500
Previous Owner Evans Theresa A $190,000
Previous Owner Evans Theresa E $129,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2022 05/12/22 Sold $750,000 +0.1% $300 / Sq Ft
03/31/2022 03/31/22 Pending -- -- --
02/09/2022 02/09/22 For Sale $749,000 +86.8% $300 / Sq Ft
10/18/2016 10/18/16 Sold $401,000 +5.5% $161 / Sq Ft
08/23/2016 08/23/16 Pending -- -- --
05/15/2016 05/15/16 For Sale $380,000 -- $152 / Sq Ft
Source: The MLS

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 $9,836 $795,905 $636,724 $159,181
2024 $9,836 $780,300 $624,240 $156,060
2023 $9,653 $765,000 $612,000 $153,000
2022 $5,587 $438,549 $311,688 $126,861
2021 $5,507 $429,951 $305,577 $124,374
2020 $5,558 $425,543 $302,444 $123,099
2019 $5,350 $417,200 $296,514 $120,686
2018 $5,240 $409,020 $290,700 $118,320
2016 $858 $45,930 $23,175 $22,755
2015 $850 $45,241 $22,827 $22,414
2014 $877 $44,355 $22,380 $21,975
Source: Public Records

Agents Affiliated with this Home

  • Shawn Raoufpour

    Seller's Agent in 2022

    Shawn Raoufpour

    Gold Realty

    (310) 346-4343

    2 in this area

    28 Total Sales

    Section Image
  • Janice Neiman

    Seller's Agent in 2016

    Janice Neiman

    Neiman Realty

    (818) 516-3779

    30 Total Sales

    Section Image

  • N

    Buyer's Agent in 2016

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,782 Total Sales

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Map

Source: The MLS

MLS Number: 22-126474

The MLS

APN: 5002-021-031

California Los Angeles County Los Angeles 90037 Vermont-Slauson

1157 W 56th St, Los Angeles, CA

This home is located at 1157 W 56th St, Los Angeles, CA 90037 since 09 February 2022 and is currently estimated at $840,336, approximately $336 per square foot. This property was built in 1924. 1157 W 56th St is a home located in Los Angeles County with nearby schools including Fifty-Second Street Elementary School, John Muir Middle School, and Augustus F. Hawkins High A Critical Design And Gaming.

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