NOT LISTED FOR SALE

122 E 56th St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $1,009,212 - $1,353,000

9 Beds
6 Baths
3,580 Sq Ft
$325/Sq Ft Est. Value

Last Sold September 24, 2015

Last sale price $610,000 $170 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $6,848/month

89 Days on Market

Highlights

  • Granite Countertops
  • Cooling Available
  • Laundry Room
  • Private Yard
  • Recessed Lighting
  • Central Heating

About This Home

As of September 2015

STANDARD SALE!!!**NOT AN REO OR SHORT SALE**STANDARD SALE!!! **CONVENTIONAL, FHA AND VA WELCOME!** BEAUTIFULLY NEW DUPLEX 5 BED 3 BATH AND 4 BED 3 BATH APPROX 1790 SQUARE FEET EACH, ON A 5106 SQUARE FOOT LOT!! MOVE IN READY WITH ALL THE UPGRADES! CONVENIENTLY LOCATED NEAR FREEWAYS AND SHOPS. THIS DUPLEX HAS, GRANITE COUNTER TOPS IN KITCHEN, BEAUTIFUL FIXTURES, SINKS, WOOD AND TILE FLOORING, UPGRADED PLUSH CARPET, ETC!!! 3 CAR GARAGE. A PERFECT SIZED FRONT LAWN AND A GREAT BACK YARD READY TO ENTERTAIN FRIENDS AND FAMILY. HOME IS ON A QUIET STREET AND NEAR THE 110 AND 10 fwy WITH EASY ACCESS. READY TO MOVE IN IMMEDIATELY. PRICED TO SELL, THIS HOME WILL NOT LAST LONG. BUYER TO VERIFY ALL INFO FOR ITS ACCURACY. Submit an offer today!!! Property is priced to sell & won’t last long!!! Call the office for Showing Instructions!!!

Last Agent to Sell the Property

Oscar Morales

OPTION ONE REALTY & INVESTMENT License #01908712 Listed on: 07/21/2015

Last Buyer's Agent

Daniel Alvarez

American Team Properties License #01186073

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2015

Lot Details

  • 5,106 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Parking

  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,580 Sq Ft Home
  • Recessed Lighting
  • Laundry Room

Kitchen

  • Range Hood
  • Granite Countertops

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling Available
  • Central Heating
  • Private Water Source

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 2294
  • Assessor Parcel Number 5101018019

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $840
  • Water Sewer Expense $1,500
  • New Taxes Expense $7,737
  • Gross Income $5,000
  • Net Operating Income $4,077

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 2015

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Parcel Number: 5101018019
  • Year Built: 2015
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters, Recessed Lighting
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 170.39
  • Room Type: Master Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Range Hood
  • Heating Type: Central
  • Laundry Features: Common Area
  • Trash Expense: 840.00
  • Water Source: Private
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 5106.00
  • Price Per Lot Square Foot: 119.47
  • Lot Size Acres: 0.1170

Multi Family

  • Gross Income: 5000.00
  • Gross Scheduled Income: 5000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5106.0000 Square Feet
  • Net Operating Income: 4077.00
  • 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: 923.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7737.00
  • Tax Lot: 10
  • Tax Tract Number: 2294

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2015
Closed on
Sep 21, 2015
Sold by
Idd Investments Group Inc
Bought by
Ponce Jose Tapia and Tapia Yazmin Irene
Seller's Agent
Oscar Morales
OPTION ONE REALTY & INVESTMENT
Buyer's Agent
Daniel Alvarez
American Team Properties
List Price
$619,000
Sold Price
$610,000
Premium/Discount to List
-$9,000
-1.45%
Current Estimated Value
$1,164,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$554,553
Avg. Annual Appreciation
6.49%
Original Mortgage
$598,951
Outstanding Balance
$478,461
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$686,092

Purchase Details

Closed on
Sep 26, 2014
Sold by
Ocean Ridge Equities Llc
Bought by
Idd Investments Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,400
Interest Rate
4.07%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 1, 2014
Sold by
Battle Ruth
Bought by
Ocean Ridge Equities Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,400
Interest Rate
4.07%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 11, 1994
Sold by
Dorton Willie
Bought by
Dorton Odessa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
8.54%

Purchase Details

Closed on
Aug 24, 1994
Sold by
Battle Ruth and Dorton Odessa
Bought by
Battle Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
8.54%

Purchase Details

Closed on
Jun 15, 1994
Sold by
Battle Ruth
Bought by
Battle Ruth
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Ponce Jose Tapia $610,000 Title 365
Idd Investments Group Inc $190,000 Title 365
Ocean Ridge Equities Llc $157,000 Accommodation
Dorton Odessa -- American Coast Title Co
Battle Ruth -- American Coast Title
Battle Ruth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ponce Jose Tapia $598,951
Previous Owner Idd Investments Group Inc $153,400
Previous Owner Battle Ruth $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2015 09/24/15 Sold $610,000 -1.5% $170 / Sq Ft
09/16/2015 09/16/15 Pending -- -- --
06/19/2015 06/19/15 For Sale $619,000 -- $173 / 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 $9,098 $722,112 $260,433 $461,679
2024 $8,958 $707,954 $255,327 $452,627
2023 $8,789 $694,073 $250,321 $443,752
2022 $8,387 $680,464 $245,413 $435,051
2021 $8,270 $667,122 $240,601 $426,521
2020 $8,349 $660,282 $238,134 $422,148
2019 $8,026 $647,336 $233,465 $413,871
2018 $7,918 $634,644 $228,888 $405,756
2016 $8,043 $610,000 $220,000 $390,000
2015 $2,427 $190,000 $152,000 $38,000
2014 $338 $20,545 $11,371 $9,174
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2015

    Oscar Morales

    OPTION ONE REALTY & INVESTMENT

    (626) 974-0453

    31 Total Sales

    Oscar Morales
    Section Image

  • D

    Buyer's Agent in 2015

    Daniel Alvarez

    American Team Properties

    (818) 859-0286

    3 in this area

    154 Total Sales

    Daniel Alvarez
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15133836

California Regional Multiple Listing Service (CRMLS)

APN: 5101-018-019

California Los Angeles County Los Angeles 90011 South Park

122 E 56th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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