NOT LISTED FOR SALE

Estimated Value: $821,000 - $1,206,000

8 Beds
4 Baths
4,186 Sq Ft
$247/Sq Ft Est. Value

Last Sold July 23, 2024

Last sale price $610,000 $146 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $6,545/month

405 Days on Market

Highlights

  • Contemporary Architecture
  • Chain Link Fence
  • Heating System Uses Natural Gas
  • No HOA

About This Home

As of July 2024

This home is located at 128 E 54th St, Los Angeles, CA 90011 since 27 April 2023 and is currently estimated at $1,032,159, approximately $246 per square foot. This property was built in 1963. 128 E 54th St is a home located in Los Angeles County with nearby schools including Main Street Elementary School, Los Angeles Academy Middle School, and Thomas Jefferson Senior High School.

Last Agent to Sell the Property

Ralph Lopez

REDI Brokerage Phone: 562-882-4878 License #01211113 Listed on: 04/27/2023

Last Buyer's Agent

Ariel Rumennik

AMR Realty Group License #01985833

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,553

Year Built

  • Built in 1963

Lot Details

  • 5,306 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Chain Link Fence
  • Density is 2-5 Units/Acre

Home Design

  • Contemporary Architecture
  • Apartment
  • Entry on the 1st floor
  • Fixer Upper
  • Flat Roof Shape
  • Slab Foundation
  • Stucco

Interior Spaces

  • 4,186 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 20 / J
  • Assessor Parcel Number 5101014007

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $62,136
  • Net Operating Income $39,136

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,553

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 196250
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • View: No
  • Zoning: LARD1.5
  • Architectural Style: Contemporary
  • Property Condition: Fixer
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5101014007
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: front
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 145.72

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Water Heater
  • Heating Type: Natural Gas, Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5306.00
  • Lot Size Acres: 0.1218
  • Latitude Manual: 33.99307700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 62136.00
  • Gross Scheduled Income: 62136.00
  • Lot Size Area: 5306.0000 Square Feet
  • Net Operating Income: 39136.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 23000.00
  • Rent Control: Yes
  • Total Actual Rent: 62964.00

Tax Info

  • Tax Block: J
  • Tax Census Tract: 2294.10
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2023
Closed on
Jul 16, 2024
Sold by
Reeves Adam Arcangelo
Bought by
Rumennik Family Trust and Rumennik
Seller's Agent
Ralph Lopez
REDI
Buyer's Agent
Ariel Rumennik
AMR Realty Group
List Price
$785,000
Sold Price
$610,000
Premium/Discount to List
-$175,000
-22.29%
Views
114
Current Estimated Value
$1,032,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$422,159
Avg. Annual Appreciation
45.12%
Original Mortgage
$141,559
Outstanding Balance
$139,763
Interest Rate
6.47%
Mortgage Type
FHA
Estimated Equity
$792,875

Purchase Details

Listed on
Oct 22, 2019
Closed on
Oct 14, 2020
Sold by
Park Chun and Park Soon Ok
Bought by
Reeves Adam Arcangelo
Seller's Agent
Yun Kwag
New Star Realty
Buyer's Agent
Ralph Lopez
REDI
List Price
$929,000
Sold Price
$939,000
Premium/Discount to List
$10,000
1.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.84%
Original Mortgage
$921,992
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 23, 2018
Sold by
Park Chong Man and Park Sun Ki
Bought by
Park Chun Il and Park Soon Ok

Purchase Details

Listed on
Feb 2, 2017
Closed on
Feb 21, 2017
Sold by
Hernandez Arturo Angel
Bought by
Park Chong Man and Park Sun Ki
Seller's Agent
Walter castillo
Coldwell Banker Realty
Buyer's Agent
Karen Pak
Dream Realty & Investments Inc
List Price
$725,000
Sold Price
$750,000
Premium/Discount to List
$25,000
3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.60%
Original Mortgage
$520,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 5, 2012
Closed on
Dec 4, 2012
Sold by
Action One Lp
Bought by
Hernandez Arturo Angel
Seller's Agent
Hugo Cervantes
AGR and Associates
Buyer's Agent
Walter castillo
Coldwell Banker Realty
List Price
$429,000
Sold Price
$450,000
Premium/Discount to List
$21,000
4.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.00%
Original Mortgage
$337,500
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2007
Sold by
Amber Investment Inc
Bought by
H O D Properties Llc and H O D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
8.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2007
Sold by
Hakimijoo Fereidon
Bought by
H O D Properties Llc and Amber Investment 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
$500,000
Interest Rate
8.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2007
Sold by
O D H
Bought by
Hakimijoo Fereidon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
8.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2007
Sold by
Escobedo Mario
Bought by
O D H and Amber Inc

Purchase Details

Closed on
Apr 6, 2005
Sold by
Kamson Olayinka A
Bought by
Escobedo Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2003
Sold by
Swafford Beatrice E
Bought by
Kamson Olayinka A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 2003
Sold by
Espinosa Luis F
Bought by
Kamson Olayinka A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2000
Sold by
Agreda Ana
Bought by
Espinosa Luis F

Purchase Details

Closed on
Feb 23, 2000
Sold by
Purcell John J
Bought by
Agreda Ana and Ceren Raul Ernesto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,629
Interest Rate
8.24%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 25, 1998
Sold by
Durden Earnel
Bought by
Purcell John J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
6.42%
Source: Public Records

Range of Values:

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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
Rumennik Family Trust -- California Best Title
Reeves Adam Arcangelo $939,000 Usa National Title Co
Park Chun Il $830,000 None Available
Park Chong Man $750,000 Equity Title
Hernandez Arturo Angel $450,000 Lawyers Title
H O D Properties Llc $20,000 None Available
H O D Properties Llc -- Accommodation
Hakimijoo Fereidon -- Western Resources Title
Hakimijoo Fereidon -- Western Resources Title
O D H $95,300 None Available
Escobedo Mario $530,000 Orange Coast Title Company O
Kamson Olayinka A -- Investors Title Company
Kamson Olayinka A $375,000 Investors Title Company
Espinosa Luis F -- Commonwealth Land Title Co
Agreda Ana $290,000 Commonwealth Land Title Co
Purcell John J $185,000 Provident Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reeves Adam Arcangelo $141,559
Previous Owner Holguin Family Trust $435,000
Previous Owner Reeves Adam Arcangelo $921,992
Previous Owner Park Chong Man $520,000
Previous Owner Hernandez Arturo Angel $337,500
Previous Owner Hakimijoo Fereidon $500,000
Previous Owner Escobedo Mario $424,000
Previous Owner Kamson Olayinka A $337,500
Previous Owner Espinosa Luis F $300,000
Previous Owner Agreda Ana $287,629
Previous Owner Purcell John J $138,750
Closed Escobedo Mario $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2024 07/23/24 Sold $610,000 -22.3% $146 / Sq Ft
06/05/2024 06/05/24 Pending -- -- --
05/29/2024 05/29/24 Price Changed $785,000 0.0% $188 / Sq Ft
05/29/2024 05/29/24 For Sale $785,000 -1.3% $188 / Sq Ft
04/16/2024 04/16/24 Pending -- -- --
04/09/2024 04/09/24 Price Changed $795,000 -5.4% $190 / Sq Ft
01/30/2024 01/30/24 Price Changed $840,000 0.0% $201 / Sq Ft
01/30/2024 01/30/24 For Sale $840,000 +12.0% $201 / Sq Ft
05/02/2023 05/02/23 Pending -- -- --
04/27/2023 04/27/23 For Sale $750,000 -20.1% $179 / Sq Ft
10/19/2020 10/19/20 Sold $939,000 +1.1% $224 / Sq Ft
07/22/2020 07/22/20 Pending -- -- --
04/22/2020 04/22/20 For Sale $929,000 -1.1% $222 / Sq Ft
04/21/2020 04/21/20 Off Market $939,000 -- --
12/19/2019 12/19/19 Price Changed $929,000 -1.1% $222 / Sq Ft
10/22/2019 10/22/19 For Sale $939,000 +25.2% $224 / Sq Ft
03/17/2017 03/17/17 Sold $750,000 +3.4% $179 / Sq Ft
03/15/2017 03/15/17 Pending -- -- --
02/02/2017 02/02/17 For Sale $725,000 +61.1% $173 / Sq Ft
01/10/2013 01/10/13 Sold $450,000 +4.9% $108 / Sq Ft
11/20/2012 11/20/12 Pending -- -- --
11/05/2012 11/05/12 For Sale $429,000 -- $102 / 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 $12,553 $1,010,000 $550,000 $460,000
2024 $12,553 $996,473 $477,543 $518,930
2023 $12,315 $976,935 $468,180 $508,755
2022 $11,752 $957,780 $459,000 $498,780
2021 $11,593 $939,000 $450,000 $489,000
2019 $10,298 $830,000 $400,000 $430,000
2018 $9,587 $765,000 $459,000 $306,000
2016 $5,950 $468,105 $208,047 $260,058
2015 $5,867 $461,074 $204,922 $256,152
2014 $5,910 $452,043 $200,908 $251,135
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23071662

California Regional Multiple Listing Service (CRMLS)

APN: 5101-014-007