NOT LISTED FOR SALE

1261 W 55th St Los Angeles, CA 90037

Vermont-Slauson Neighborhood

Estimated Value: $715,000 - $777,202

4 Beds
3 Baths
1,809 Sq Ft
$417/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $700,000 $387 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,830/month

32 Days on Market

About This Home

As of August 2023

This property is perfect for investors or families looking for a spacious and affordable home. The duplex features two units, each with its own private entrance. The front unit is a 3-bedroom, 2-bathroom home, while the back unit is a 1-bedroom, 1-bathroom apartment. Both units have been kept in their original condition. Must see.

Last Agent to Sell the Property

JULIAN RENDEROS

EXCELLENCE RE REAL ESTATE License #02047666 Listed on: 06/15/2023

EXCELLENCE RE REAL ESTATE

Co-Listed By

JAMES ORANTES

EXCELLENCE RE REAL ESTATE License #02195621

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,691

Year Built

  • Built in 1916

Lot Details

  • 5,461 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Duplex

Interior Spaces

  • 1,809 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 16
  • Tax Tract Number 16
  • Assessor Parcel Number 5002008016

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Operating Expense $400
  • Net Operating Income $2,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,691

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Price Per Unit: 345000
  • Property Attached: Yes
  • Subdivision Name Other: LOYNES TR
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5002008016
  • Year Built: 1916
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 386.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5461.00
  • Lot Size Acres: 0.1254

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 2600.00
  • Lot Size Area: 5461.0000 Square Feet
  • Net Operating Income: 2200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 400.00
  • Rent Control: Yes
  • Total Expenses: 400.00

Tax Info

  • Tax Lot: 16
  • Tax Tract Number: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2023
Closed on
Jul 27, 2023
Sold by
Hernandez Gonzalo and Hernandez Maria
Bought by
Cabecera Luis Felipe Nava and De Nava Eusebia
Seller's Agent
JULIAN RENDEROS
EXCELLENCE RE REAL ESTATE
List Price
$690,000
Sold Price
$700,000
Premium/Discount to List
$10,000
1.45%
Total Days on Market
32
Views
91
Current Estimated Value
$753,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,551
Avg. Annual Appreciation
3.57%
Original Mortgage
$687,321
Interest Rate
6.78%
Mortgage Type
FHA
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
Cabecera Luis Felipe Nava $700,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cabecera Luis Felipe Nava $702,623
Closed Cabecera Luis Felipe Nava $687,321
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $700,000 +1.4% $387 / Sq Ft
06/15/2023 06/15/23 For Sale $690,000 -- $381 / 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 $8,691 $714,000 $606,900 $107,100
2024 $8,691 $700,000 $595,000 $105,000
2023 $2,766 $205,881 $134,614 $71,267
2022 $2,648 $201,845 $131,975 $69,870
2021 $2,605 $197,888 $129,388 $68,500
2019 $2,532 $192,020 $125,551 $66,469
2018 $2,484 $188,256 $123,090 $65,166
2016 $2,362 $180,948 $118,311 $62,637
2015 $2,330 $178,231 $116,534 $61,697
2014 $2,353 $174,741 $114,252 $60,489
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    JULIAN RENDEROS

    EXCELLENCE RE REAL ESTATE

    (323) 229-0217

    2 in this area

    42 Total Sales

    JULIAN RENDEROS
    Section Image

  • J

    Seller Co-Listing Agent in 2023

    JAMES ORANTES

    EXCELLENCE RE REAL ESTATE

    (818) 693-1368

    2 in this area

    8 Total Sales

    JAMES ORANTES
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB23105080

California Regional Multiple Listing Service (CRMLS)

APN: 5002-008-016

California Los Angeles County Los Angeles 90037 Vermont-Slauson

1261 W 55th St, Los Angeles, CA

This home is located at 1261 W 55th St, Los Angeles, CA 90037 since 15 June 2023 and is currently estimated at $753,551, approximately $416 per square foot. This property was built in 1916. 1261 W 55th 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.

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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