122 W 56th St Los Angeles, CA 90037
South Park NeighborhoodEstimated Value: $690,000 - $774,204
4
Beds
2
Baths
1,740
Sq Ft
$420/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Laundry Room
- Wrought Iron Fence
- Living Room
- Stone Flooring
- Wall Furnace
About This Home
As of May 2013Charming newly remodeled LA duplex home ready for move-in today! Whether you are simply an investor or a homeowner looking to lease out the second unit, this property is the perfect opportunity! Both the main house and back unit feature gorgeous new hardwood laminate flooring throughout the spacious living and dining areas. Each unit also boasts its own newly remodeled chef’s kitchen complete with new tile floors, new cabinets, and stunning new granite countertops! Both of the pristine newly remodeled bathrooms also feature new tile floors as well as elegant new vanities and beautiful new shower/bathtubs! Brand new carpet in all of the bedrooms; freshly painted interior/exterior; laundry hook-ups inside and accessible by both units; located within minutes of schools, parks, the 110 freeway, USC, and Downtown. This property is a fantastic owner/investor opportunity
Last Agent to Sell the Property
Shelter Club Realty, Inc. License #00895696 Listed on: 04/11/2013
Last Buyer's Agent
Dawn Faulconer
No Firm Affiliation License #01310395
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,165
Year Built
- Built in 1907
Lot Details
- 5,401 Sq Ft Lot
- No Common Walls
- Wrought Iron Fence
- Chain Link Fence
- Front Yard Sprinklers
Home Design
- Traditional Architecture
- Composition Roof
- Stucco
Interior Spaces
- 1,740 Sq Ft Home
- Living Room
- Laundry Room
Flooring
- Carpet
- Laminate
- Stone
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Parking
- 3 Parking Spaces
- Parking Available
- Driveway
Utilities
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection, water
- Tax Lot 55
- Assessor Parcel Number 5101027024
Community Details
Overview
- 2 Buildings
- 2 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $2,700
- Net Operating Income $32,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 11, 2013
Closed on
May 10, 2013
Sold by
West Ridge Rentals Llc
Bought by
Quinones Kris
Seller's Agent
Polly Watts
Shelter Club Realty, Inc.
Buyer's Agent
Dawn Faulconer
No Firm Affiliation
List Price
$329,900
Sold Price
$335,000
Premium/Discount to List
$5,100
1.55%
Total Days on Market
11
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
$396,551
Avg. Annual Appreciation
6.69%
Original Mortgage
$342,202
Interest Rate
3.38%
Mortgage Type
VA
Purchase Details
Closed on
Jun 5, 2012
Sold by
Rodriguez Cesar A and Rodriguez Margarita
Bought by
West Ridge Rentals Llc
Purchase Details
Closed on
Mar 31, 1997
Sold by
Trust Ray Frederee L Tr Frederee L
Bought by
Rodriguez Cesar A and Rodriguez Margarita
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,181
Interest Rate
8.13%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 29, 1993
Sold by
Ray Frederee L
Bought by
Ray Frederee Louise and Frederee Louise Ray Revocable
Purchase Details
Closed on
Sep 4, 1993
Sold by
Gilbert Ray Frederee L and Gilbert James Gray
Bought by
Ray Frederee L
Similar Homes in Los Angeles, CA
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Quinones Kris | $335,000 | Title 365 | |
| Quinones Kris | -- | Title 365 | |
| West Ridge Rentals Llc | $181,000 | Accommodation | |
| Rodriguez Cesar A | $138,000 | Orange Coast Title | |
| Ray Frederee Louise | -- | -- | |
| Ray Frederee L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Quinones Kris | $372,000 | |
| Closed | Quinones Kris | $318,700 | |
| Closed | Quinones Kris | $342,202 | |
| Previous Owner | West Ridge Rentals Llc | $0 | |
| Previous Owner | Rodriguez Margarita | $7,000 | |
| Previous Owner | Rodriguez Cesar A | $135,000 | |
| Previous Owner | Rodriguez Cesar A | $27,000 | |
| Previous Owner | Rodriguez Cesar A | $136,181 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/31/2013 05/31/13 | Sold | $335,000 | +1.5% | $193 / Sq Ft |
| 04/22/2013 04/22/13 | Pending | -- | -- | -- |
| 04/11/2013 04/11/13 | For Sale | $329,900 | -- | $190 / 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 |
|---|---|---|---|---|
| 2024 | $5,165 | $404,428 | $217,305 | $187,123 |
| 2023 | $5,068 | $396,499 | $213,045 | $183,454 |
| 2022 | $4,837 | $388,725 | $208,868 | $179,857 |
| 2021 | $4,772 | $381,104 | $204,773 | $176,331 |
| 2020 | $4,817 | $377,197 | $202,674 | $174,523 |
| 2019 | $4,632 | $369,801 | $198,700 | $171,101 |
| 2018 | $4,566 | $362,551 | $194,804 | $167,747 |
| 2016 | $4,354 | $348,475 | $187,241 | $161,234 |
| 2015 | $4,292 | $343,242 | $184,429 | $158,813 |
| 2014 | $4,317 | $336,520 | $180,817 | $155,703 |
Source: Public Records
Agents Affiliated with this Home
-
Polly Watts
P
Seller's Agent in 2013
Polly Watts
Shelter Club Realty, Inc.
(310) 850-5346
13 Total Sales
-
D
Buyer's Agent in 2013
Dawn Faulconer
No Firm Affiliation
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW13064505
APN: 5101-027-024
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