NOT LISTED FOR SALE

1517 E 56th St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $721,000 - $815,000

5 Beds
2 Baths
1,733 Sq Ft
$443/Sq Ft Est. Value

Last Sold August 26, 2020

Last sale price $570,000 $329 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,671/month

3 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • 3-minute walk to Augustus F. Hawkins Natural Park
  • Laundry Room
  • Family Room

About This Home

As of August 2020

Rare opportunity to own a duplex in Los Angeles. Front Unit boasts 3 bedrooms and 1 bath. Rear unit is 2 Bedrooms, 1 bath + bonus room. Recently painted exterior and eaves. Each unit has its own separate gas/electricity meter and laundry room, ideal for a seasoned investor or homebuyer, who's looking to live in one and rent the other. Long driveway affords plenty of parking for guests. Granite countertops in both units provide for a more modern kitchen. Professionally installed water softener. Centrally located in close proximity to the 10 and 105 freeway, minutes away from Plaza La Alameda and the famed Alameda swap-meet. Great potential cash flow producing property with a high return.

Last Agent to Sell the Property

Daniel Rivera

KW Vision License #02049345 Listed on: 06/18/2020

KW Vision

Last Buyer's Agent

Alvaro Bautista

Century 21 Allstars License #01318794

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,564

Year Built

  • Built in 1952

Lot Details

  • 5,330 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 1,733 Sq Ft Home
  • Entryway
  • Family Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer and Gas Dryer Hookup

Parking

  • Parking Available
  • Driveway

Additional Features

  • Exterior Lighting
  • Urban Location
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 82
  • Tax Tract Number 2289
  • Assessor Parcel Number 5105016018

Community Details

Overview

  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $650
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,875
  • Operating Expense $9,525
  • Gross Income $14,400
  • Net Operating Income $36,075

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,564

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5105016018
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 328.91
  • Room Type: Entry, Family Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, Outside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 650.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5330.00
  • Lot Size Acres: 0.1224

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 14400.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5330.0000 Square Feet
  • Net Operating Income: 36075.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 9525.00
  • Rent Control: Yes
  • Total Actual Rent: 1200.00
  • Total Expenses: 9525.00

Tax Info

  • New Taxes Expense: 6875.00
  • Tax Census Tract: 2289.00
  • Tax Lot: 82
  • Tax Tract Number: 2289.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2020
Closed on
Jul 29, 2020
Sold by
Feliz Maximina
Bought by
Felix Armando
Seller's Agent
Daniel Rivera
KW Vision
Buyer's Agent
Alvaro Bautista
Century 21 Allstars
List Price
$550,000
Sold Price
$570,000
Premium/Discount to List
$20,000
3.64%
Current Estimated Value
$768,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,208
Avg. Annual Appreciation
5.92%
Original Mortgage
$390,000
Outstanding Balance
$343,733
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$424,475

Purchase Details

Listed on
Jun 18, 2020
Closed on
Jul 22, 2020
Sold by
Mendoza Raul and Mendoza Maria E
Bought by
Felix Armado
Seller's Agent
Daniel Rivera
KW Vision
Buyer's Agent
Alvaro Bautista
Century 21 Allstars
List Price
$550,000
Sold Price
$570,000
Premium/Discount to List
$20,000
3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Outstanding Balance
$343,733
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$424,475

Purchase Details

Closed on
Jun 4, 1999
Sold by
Mendoza Raul and Mendoza Maria E
Bought by
Mendoza Raul and Mendoza Maria E

Purchase Details

Closed on
Aug 21, 1993
Sold by
Batrez Juan M and Pacheco Blas Campos
Bought by
Mendoza Raul and Mendoza Maria E
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
Felix Armando -- Chicago Title
Felix Armado $570,000 Chicago Title
Mendoza Raul -- --
Mendoza Raul -- Continental Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Felix Armado $390,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2020 08/26/20 Sold $570,000 +3.6% $329 / Sq Ft
07/30/2020 07/30/20 For Sale $550,000 -3.5% $317 / Sq Ft
06/25/2020 06/25/20 Off Market $570,000 -- --
06/21/2020 06/21/20 Pending -- -- --
06/18/2020 06/18/20 For Sale $550,000 -- $317 / 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 $7,564 $616,984 $370,190 $246,794
2024 $7,564 $604,887 $362,932 $241,955
2023 $7,420 $593,027 $355,816 $237,211
2022 $7,077 $581,400 $348,840 $232,560
2021 $6,987 $570,000 $342,000 $228,000
2020 $3,362 $263,422 $105,488 $157,934
2019 $3,235 $258,258 $103,420 $154,838
2018 $3,174 $253,195 $101,393 $151,802
2016 $3,016 $243,364 $97,456 $145,908
2015 $2,973 $239,710 $95,993 $143,717
2014 $2,994 $235,015 $94,113 $140,902
Source: Public Records

Agents Affiliated with this Home

  • Daniel Rivera

    Seller's Agent in 2020

    Daniel Rivera

    KW Vision

    (626) 872-2207

    67 Total Sales

    Daniel Rivera
    Section Image
  • Alvaro Bautista

    Buyer's Agent in 2020

    Alvaro Bautista

    Century 21 Allstars

    (562) 862-7878

    31 Total Sales

    Alvaro Bautista
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS20118257

California Regional Multiple Listing Service (CRMLS)

APN: 5105-016-018

California Los Angeles County Los Angeles 90011 Central Alameda

1517 E 56th St, Los Angeles, CA

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