NOT LISTED FOR SALE

1408 E 55th St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $596,000 - $1,258,000

3 Beds
1 Bath
1,080 Sq Ft
$929/Sq Ft Est. Value

Last Sold May 09, 2017

Last sale price $315,000 $292 Per Sq Ft

Est. 218% increase in value since last sale

Current estimated payment $6,192/month

23 Days on Market

Highlights

  • Traditional Architecture
  • Living Room
  • Dining Room
  • No HOA
  • Laundry Room
  • Floor Furnace

About This Home

As of May 2017

First time on the market in many years! This is the perfect opportunity to renovate. Home has great bones with spacious living room diningroom area, 3 large bedrooms, spacious lot, and mid block location. Needs the right eye to rehab. Property held in Trust and with individual ownership. No Court Confirmation. Standard Sale Shown at Open houses only. Located near shopping and park. Offers to be due by Tuesday April 4th at 5PM. Please do not disturb occupants. DOG ON PROPERTY. Home has been in the same family for generations and is now ready fro new ownership. Great footprint ready to be redesigned inside. SOLD AS_IS. Seller will make no repairs.

Last Agent to Sell the Property

Mark Walker

Nourmand & Associates-HW License #01309961 Listed on: 03/21/2017

Last Buyer's Agent

Marco Naggar

Sotheby's International Realty License #02004994

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,003

Year Built

  • Built in 1906

Lot Details

  • 5,404 Sq Ft Lot
  • Property is zoned LAR2

Parking

  • Uncovered Parking

Home Design

  • Traditional Architecture
  • Fixer Upper

Interior Spaces

  • 1,080 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room
  • Center Hall
  • Oven or Range
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Floor Furnace

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5104-020-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,003

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 1080
  • Property Condition: Fixer
  • Stories: 1
  • Year Built: 1906
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Carpet
  • Bedrooms: 3
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 1.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 276.85

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Uncovered

Utilities

  • Heating: Floor Furnace

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5104-020-017
  • Geocode Override: No
  • Lot Size Area: 5404

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2017
Sold by
Ocean Development Inc
Bought by
Cd Asset Company Llc
Current Estimated Value
$1,002,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$474,000
Interest Rate
2.3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 21, 2017
Closed on
Apr 27, 2017
Sold by
Stephenson Bonita
Bought by
Stephenson Eric J
Seller's Agent
Mark Walker
Nourmand & Associates-HW
Buyer's Agent
Marco Naggar
Sotheby's International Realty
List Price
$299,000
Sold Price
$315,000
Premium/Discount to List
$16,000
5.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.63%
Original Mortgage
$486,000
Interest Rate
4.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 21, 2017
Closed on
Apr 25, 2017
Sold by
Stephenson Eric J
Bought by
Ocean Development Inc
Seller's Agent
Mark Walker
Nourmand & Associates-HW
Buyer's Agent
Marco Naggar
Sotheby's International Realty
List Price
$299,000
Sold Price
$315,000
Premium/Discount to List
$16,000
5.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,000
Interest Rate
4.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 20, 2016
Sold by
Stephenson Viola
Bought by
Stephenson Eric J and Knight Sharon E

Purchase Details

Closed on
Sep 18, 2014
Sold by
Rhetta Effie M
Bought by
The Effie Mae Rhetta Living Trust

Purchase Details

Closed on
Dec 28, 2000
Sold by
Rhetta Effie M
Bought by
Rhetta Effie Mae and Rhetta Clifford Allen
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
Cd Asset Company Llc $790,000 Lawyers Title
Stephenson Eric J -- Equity Title
Knight Sharon E -- Equity Title
Ocean Development Inc $315,000 Equity Title
Stephenson Eric J -- None Available
The Effie Mae Rhetta Living Trust -- None Available
Rhetta Effie Mae -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cd Asset Company Llc $474,000
Previous Owner Ocean Development Inc $486,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2017 05/09/17 Sold $315,000 0.0% $292 / Sq Ft
04/13/2017 04/13/17 Pending -- -- --
04/05/2017 04/05/17 Off Market $315,000 -- --
03/21/2017 03/21/17 For Sale $299,000 -- $277 / 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 $11,003 $898,881 $539,329 $359,552
2024 $11,003 $881,256 $528,754 $352,502
2023 $10,793 $863,978 $518,387 $345,591
2022 $10,295 $847,038 $508,223 $338,815
2021 $10,154 $830,430 $498,258 $332,172
2019 $9,852 $805,800 $483,480 $322,320
2018 $9,790 $790,000 $474,000 $316,000
2016 $1,802 $144,514 $86,721 $57,793
2015 $1,776 $142,344 $85,419 $56,925
2014 $1,789 $139,556 $83,746 $55,810
Source: Public Records

Agents Affiliated with this Home

  • Mark Walker

    Seller's Agent in 2017

    Mark Walker

    Nourmand & Associates-HW

    (818) 438-3342

    36 Total Sales

    Mark Walker
    Section Image
  • Marco Naggar

    Buyer's Agent in 2017

    Marco Naggar

    Sotheby's International Realty

    (310) 717-5067

    17 Total Sales

    Marco Naggar
    Section Image
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Map

Source: The MLS

MLS Number: 17-213624

The MLS

APN: 5104-020-017

California Los Angeles County Los Angeles 90011 Central Alameda

1408 E 55th St, Los Angeles, CA

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