NOT LISTED FOR SALE

131 W 56th St Los Angeles, CA 90037

South Park Neighborhood

Estimated Value: $578,000 - $729,000

2 Beds
2 Baths
1,480 Sq Ft
$450/Sq Ft Est. Value

Last Sold January 23, 2014

Last sale price $274,000 $185 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $3,997/month

33 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Tile Flooring
  • South Facing Home
  • Deck
  • Ceiling Fan
  • Auto Driveway Gate

About This Home

As of January 2014

BIG PRICE REDUCTION. WILL LOOK AT ALL OFFERS Actual size is 1480, however records show 1270. Buyer to check . Fast developing part of Los Angeles. Standard sale. Clean duplex. Has two separate water meters, electrical and gas. Needs a little TLC. Each building is currently two bed room one bath. The second bed rooms are not permitted. Buyer to complete their own due diligence. Priced right to sale. Sellers are motivated. Showing on accepted offer, drive by only. Do not disturb the tenants.

Last Agent to Sell the Property

Avraham Khordian

Living In America Financial License #01324476 Listed on: 10/27/2013

Last Buyer's Agent

Wilhemina Mills

License #01095980

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,410

Year Built

  • Built in 1917

Lot Details

  • 5,441 Sq Ft Lot
  • South Facing Home

Home Design

  • Duplex
  • Mid Level
  • Additions or Alterations
  • Asphalt Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 1,480 Sq Ft Home
  • Ceiling Fan
  • Tile Flooring
  • Laundry Located Outside

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Auto Driveway Gate

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Sewer in Street

Additional Features

  • Deck
  • City Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Assessor Parcel Number 5101-030-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,410

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Mid Level
  • Street Number Display: Yes
  • Entry Location: Other
  • Living Area: 1480
  • Property Condition: Additions/Alter
  • Year Built: 1917
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Tile
  • Bedrooms: 2
  • Bedroom Features: All Bedrooms Down
  • Common Walls: Attached
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Outside
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 181.76

Exterior Features

  • Direction Faces: South
  • Construction: Stucco
  • Tennis Court Y/N: No
  • Foundation Details: Concrete Perimeter
  • Construction: Frame and Stucco
  • Patio: Deck(s)
  • Pool: No
  • Roof: Asphalt
  • View: No

Garage/Parking

  • Parking Garage: Driveway Gate
  • Total Parking: 4

Utilities

  • Water Heater: Gas
  • Cooling: Ceiling Fan
  • Heating: Natural Gas
  • Sewer: In Street
  • Water: In Street

Fee Information

  • Insurance Expense: 40.00

Lot Info

  • Assessed Improvement Value: 51000
  • Assessed Land Value: 112200
  • Assessor Parcel Number: 5101-030-008
  • Geocode Override: Yes
  • Lot Location: City
  • Lot Size Area: 5441

Rental Info

  • Land Lease Type: Fee
  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.00
  • Number Of Units: 2
  • Rent Control: 100
  • Total Annual Expense: 2400
  • Type Of Units: duplex
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 160.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2013
Closed on
Dec 23, 2013
Sold by
Mesa Investment Group Inc
Bought by
Ochoa Jose A
Seller's Agent
Avraham Khordian
Living In America Financial
Buyer's Agent
Wilhemina Mills
List Price
$289,000
Sold Price
$274,000
Premium/Discount to List
-$15,000
-5.19%
Current Estimated Value
$666,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$392,044
Avg. Annual Appreciation
7.80%
Original Mortgage
$201,750
Outstanding Balance
$152,819
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$501,542

Purchase Details

Closed on
Apr 11, 2011
Sold by
Javaheri Kambiz
Bought by
Mesa Investment Group Inc

Purchase Details

Closed on
Jul 20, 2010
Sold by
Shafighi Katrin
Bought by
Javaheri Kambiz

Purchase Details

Closed on
Jul 2, 2010
Sold by
Shahco Inc
Bought by
Mesa Investment Group Inc

Purchase Details

Closed on
Aug 24, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Shahco Inc

Purchase Details

Closed on
Sep 26, 2008
Sold by
Alcocer Carmen
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Jun 15, 2006
Sold by
The J Greene Third Family Lp
Bought by
Alcocer Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
7.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 28, 1994
Sold by
South Vern Ltd Partnership
Bought by
The J Greene Third Family Ltd Prtnrshp

Purchase Details

Closed on
Aug 10, 1993
Sold by
Greene Julius
Bought by
South Vern Limited Partnership
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
Ochoa Jose A $274,000 Priority Title
Mesa Investment Group Inc $63,500 None Available
Javaheri Kambiz -- Calcounties Title Nation
Mesa Investment Group Inc $127,000 Cctn
Shahco Inc $100,000 Servicelink
Deutsche Bank National Trust Co $153,000 None Available
Alcocer Carmen $450,000 Security Union Title Ins Co
The J Greene Third Family Ltd Prtnrshp -- --
South Vern Limited Partnership $17,417 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ochoa Jose A $201,750
Previous Owner Alcocer Carmen $513,000
Previous Owner Alcocer Carmen $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2014 01/23/14 Sold $274,000 -5.2% $185 / Sq Ft
11/29/2013 11/29/13 Pending -- -- --
10/27/2013 10/27/13 For Sale $289,000 -- $195 / 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 $4,410 $348,134 $232,908 $115,226
2024 $4,410 $341,309 $228,342 $112,967
2023 $4,329 $334,617 $223,865 $110,752
2022 $4,134 $328,057 $219,476 $108,581
2021 $4,080 $321,625 $215,173 $106,452
2019 $3,962 $312,328 $208,792 $103,536
2018 $3,866 $306,210 $204,699 $101,511
2016 $3,689 $294,091 $196,751 $97,340
2015 $3,637 $289,674 $193,796 $95,878
2014 $2,351 $176,529 $125,288 $51,241
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Avraham Khordian

    Living In America Financial

    (818) 906-5390

    1 in this area

    4 Total Sales

    Avraham Khordian
    Section Image

  • W

    Buyer's Agent in 2014

    Wilhemina Mills

See All Agents

Map

Source: The MLS

MLS Number: 13-714209

The MLS

APN: 5101-030-008

California Los Angeles County Los Angeles 90037 South Park

131 W 56th St, Los Angeles, CA

This home is located at 131 W 56th St, Los Angeles, CA 90037 since 27 October 2013 and is currently estimated at $666,044, approximately $450 per square foot. This property was built in 1917. 131 W 56th St is a home located in Los Angeles County with nearby schools including Estrella Elementary School, Los Angeles Academy Middle School, and Thomas Jefferson Senior High School.

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.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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