J
Seller's Agent in 2022
Jerol Crawford
Jerold Crawford
(310) 542-0551
3 in this area
14 Total Sales
1506 W 56th St Los Angeles, CA 90062
Harvard Park NeighborhoodEstimated Value: $681,000 - $861,184
3
Beds
3
Baths
1,456
Sq Ft
$536/Sq Ft
Est. Value
Highlights
- Midcentury Modern Architecture
- Living Room
- Landscaped
- Private Yard
- Laundry Room
- Floor Furnace
About This Home
As of January 2022Great opportunity to purchase this two on a lot in one of the fastest growing areas of Los Angeles! Invest and hold or live in one unit and receive rent from the other, either option will produce great results. The front unit is a 2-bed 1 bath, however the laundry area has been converted to a 3rd bedroom with closet. The rear unit is a one bed one bath. Property is sold "as Is" in its present condition. Owner is negotiating with front tenant so that BOTH UNITS CAN BE DELIVERIED VACANT. Excellent location, close to bus line, freeways, hospitals and schools.
All information in deemed reliable, but the seller nor its agent make no guarantee as to its accuracy. Therefore, buyer and buyers agent are advised to complete their on due diligence as to all aspects of this property.
Last Agent to Sell the Property
Jerold Crawford License #01331482 Listed on: 10/26/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,040
Year Built
- Built in 1924
Lot Details
- 4,991 Sq Ft Lot
- No Common Walls
- Landscaped
- Private Yard
- Lawn
- Back Yard
Home Design
- Midcentury Modern Architecture
- Raised Foundation
- Asbestos Shingle Roof
- Pre-Cast Concrete Construction
Interior Spaces
- 1,456 Sq Ft Home
- Living Room
- Laundry Room
Kitchen
- Gas Oven
- Gas Range
Flooring
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
- Parking Available
- Driveway
Outdoor Features
- Exterior Lighting
Utilities
- Floor Furnace
- Water Heater
- Cable TV Available
Listing and Financial Details
- Tenant pays for all utilities, electricity, gas
- Tax Lot 35
- Tax Tract Number 772
- Assessor Parcel Number 5003026015
- $290 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- 1 Leased Unit
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $200
- Supplies Expense $75
- Trash Expense $85
- New Taxes Expense $703
- Operating Expense $1,063
- Gross Income $4,000
- Net Operating Income $2,937
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 2, 2021
Sold by
Charl Burney
Bought by
Brooks Aaron
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$676,637
Interest Rate
3.11%
Mortgage Type
FHA
Purchase Details
Closed on
Dec 8, 2005
Sold by
Burney Michael D
Bought by
Burney Michael D and Burney Charl E
Purchase Details
Closed on
Sep 15, 2005
Sold by
Burney Michael D
Bought by
Burney Michael D and Burney Charl
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
5.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 21, 1998
Sold by
Williams Louise and Ambeau Linda L
Bought by
Burney Michael D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
7.1%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Brooks Aaron | $700,000 | Orange Coast Title | |
| Burney Michael D | -- | -- | |
| Burney Michael D | -- | Orange Coast Title | |
| Burney Michael D | $115,000 | First American |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Brooks Aaron | $50,000 | |
| Closed | Brooks Aaron | $8,558 | |
| Previous Owner | Brooks Aaron | $676,637 | |
| Previous Owner | Burney Michael D | $153,000 | |
| Previous Owner | Burney Michael D | $92,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/19/2022 01/19/22 | Sold | $700,000 | +3.7% | $481 / Sq Ft |
| 11/02/2021 11/02/21 | Pending | -- | -- | -- |
| 10/26/2021 10/26/21 | For Sale | $675,000 | -- | $464 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,040 | $742,844 | $626,112 | $116,732 |
| 2024 | $9,040 | $728,280 | $613,836 | $114,444 |
| 2023 | $9,571 | $714,000 | $601,800 | $112,200 |
| 2022 | $2,322 | $173,006 | $86,503 | $86,503 |
| 2021 | $2,285 | $169,614 | $84,807 | $84,807 |
| 2020 | $2,305 | $167,876 | $83,938 | $83,938 |
| 2019 | $2,223 | $164,586 | $82,293 | $82,293 |
| 2018 | $2,138 | $161,360 | $80,680 | $80,680 |
| 2016 | $2,035 | $155,098 | $77,549 | $77,549 |
| 2015 | $2,008 | $152,770 | $76,385 | $76,385 |
| 2014 | $2,030 | $149,778 | $74,889 | $74,889 |
Source: Public Records
Agents Affiliated with this Home
-
Jerol Crawford
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IN21218748
APN: 5003-026-015
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 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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