NOT LISTED FOR SALE

1475 E 56th St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $1,043,000 - $1,393,000

10 Beds
4 Baths
4,244 Sq Ft
$299/Sq Ft Est. Value

Last Sold November 30, 2021

Last sale price $1,082,000 $255 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $7,839/month

7 Days on Market

Highlights

  • No HOA
  • Heating System Uses Natural Gas
  • 2-minute walk to Augustus F. Hawkins Natural Park
  • Tile Flooring

About This Home

As of November 2021

First time in the market since 1993!! Excellent opportunity to make this Multi-Family Residential Quadruplex property part of your real estate assets. Close to shopping and minutes away from down town Los Angeles. Buyer's to perform their own due diligence regarding zoning, permits, etc.
Property to be sold in "AS-IS" Condition.

Last Agent to Sell the Property

Victoria Garcia

Realty Resource License #01470070 Listed on: 10/11/2021

Last Buyer's Agent

Victoria Garcia

Realty Resource License #01470070 Listed on: 10/11/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1901

Lot Details

  • 10,021 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 4,244 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Paved Parking
  • Assigned Parking

Utilities

  • Heating System Uses Natural Gas
  • Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Legal Lot and Block 30 / D
  • Assessor Parcel Number 5104020040
  • $640 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,581
  • Trash Expense $1,800
  • Water Sewer Expense $4,272
  • Operating Expense $7,353
  • Gross Income $63,528
  • Net Operating Income $62,247

Property Details

Home Type

Multi-Family

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • View: No
  • Water Sewer Expenses: 4272.00
  • Zoning: LAC2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5104020040
  • Year Built: 1901
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 254.95

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Concrete

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Water Heater
  • Heating Type: Natural Gas
  • Sewer: Sewer Paid
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10021.00
  • Lot Size Acres: 0.2301

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 63528.00
  • Gross Scheduled Income: 69600.00
  • Insurance Expense: 1581.00
  • Lot Size Area: 10021.0000 Square Feet
  • Net Operating Income: 62247.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 7353.00
  • Rent Control: Yes
  • Total Expenses: 7353.00

Tax Info

  • Tax Block: D
  • Tax Census Tract: 2291.00
  • Tax Lot: 30
  • Tax Tract Number: 0000
  • TaxOtherAnnualAssessmentAmount: 640.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 11, 1999
Sold by
Medina Evodio
Bought by
Cisneros Ana Maria
Current Estimated Value
$1,270,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,000
Outstanding Balance
$58,230
Interest Rate
7.82%
Estimated Equity
$1,212,519

Purchase Details

Closed on
Dec 15, 1993
Sold by
Torrez Eliseo Alvarez
Bought by
Cisneros Ana Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,000
Interest Rate
5%

Purchase Details

Closed on
Dec 3, 1993
Sold by
Cisneros Eliodoro and Decisneros Elisa Sanchez
Bought by
Cisneros Ana Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,000
Interest Rate
5%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cisneros Ana Maria -- Stewart Title
Cisneros Ana Maria -- Gateway Title Company
Cisneros Ana Maria -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cisneros Ana Maria $193,000
Previous Owner Cisneros Ana Maria $194,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2021 11/30/21 Sold $1,082,000 0.0% $255 / Sq Ft
10/18/2021 10/18/21 Pending -- -- --
10/11/2021 10/11/21 For Sale $1,082,000 -- $255 / 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 $14,174 $1,148,225 $742,845 $405,380
2024 $14,174 $1,125,712 $728,280 $397,432
2023 $13,906 $1,103,640 $714,000 $389,640
2022 $13,273 $1,082,000 $700,000 $382,000
2021 $5,444 $408,383 $144,135 $264,248
2019 $5,294 $396,272 $139,861 $256,411
2018 $5,139 $388,503 $137,119 $251,384
2016 $4,905 $373,419 $131,796 $241,623
2015 $4,838 $367,811 $129,817 $237,994
2014 $4,881 $360,608 $127,275 $233,333
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2021

    Victoria Garcia

    Realty Resource

    (562) 964-6339

    1 in this area

    10 Total Sales

    Victoria Garcia
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21225423

California Regional Multiple Listing Service (CRMLS)

APN: 5104-020-040

California Los Angeles County Los Angeles 90011 Central Alameda

1475 E 56th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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