Seller's Agent in 2024
Steve Patton
HCM Real Estate
(949) 351-9750
1 in this area
8 Total Sales
1518 E 55th St Los Angeles, CA 90011
Central Alameda NeighborhoodEstimated Value: $982,000 - $1,096,000
10
Beds
6
Baths
3,461
Sq Ft
$293/Sq Ft
Est. Value
Highlights
- No HOA
- Central Heating and Cooling System
- Wrought Iron Fence
- Laundry Room
- 4 Car Garage
- 4-minute walk to Slauson Senior Multipurpose Recreation Center
About This Home
As of October 2024Great newer construction duplex built in 2014. Each unit is approximately 1730 sf with 5 bedrooms and 3 baths and 2 car garages. Property comes with central air & heat, interior laundry, upgraded kitchen cabinets and countertops. Separate gas and electric meters. Tenants pay all utilities except Water/Sewer. Great location near shopping, transportation, airports, sporting events and freeways. This duplex could make a great addition to your investment portfolio with huge upside on current rents.
Last Agent to Sell the Property
HCM Real Estate Brokerage Phone: 949-351-9750 License #01263345 Listed on: 09/28/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2014
Lot Details
- 5,331 Sq Ft Lot
- 1 Common Wall
- Wrought Iron Fence
- Level Lot
Parking
- 4 Car Garage
- Parking Available
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 3,461 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 75
- Tax Tract Number 2289
- Assessor Parcel Number 5105016011
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- Insurance Expense $1,608
- Maintenance Expense $8,532
- Trash Expense $4,710
- Water Sewer Expense $4,710
- New Taxes Expense $8,076
- Operating Expense $27,637
- Gross Income $56,208
- Net Operating Income $28,571
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 4, 2016
Sold by
Quisido Colin L
Bought by
Pott Alan M and Pott Barbara M
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
$479,200
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jun 17, 2014
Sold by
Ocean Development Inc
Bought by
Quisidio Colin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$564,585
Interest Rate
4.25%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 21, 2013
Sold by
Bell Hazel Alexander
Bought by
Ocean Development Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
4.57%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Jun 24, 1993
Sold by
Bell Octavia T and Turner Octavia Bell
Bought by
Bell Hazel Alexander
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 |
|---|---|---|---|
| Pott Alan M | $599,000 | Old Republic Title | |
| Quisidio Colin | -- | Lawyers Title | |
| Ocean Development Inc | $110,000 | Pacific Coast Title Company | |
| Bell Hazel Alexander | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Pott Alan M | $479,200 | |
| Previous Owner | Quisidio Colin | $564,585 | |
| Previous Owner | Ocean Development Inc | $32,000 | |
| Previous Owner | Ocean Development Inc | $407,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/23/2024 10/23/24 | Sold | $950,000 | +2.7% | $274 / Sq Ft |
| 10/01/2024 10/01/24 | Pending | -- | -- | -- |
| 09/28/2024 09/28/24 | For Sale | $925,000 | -- | $267 / 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 | $8,626 | $950,000 | $500,000 | $450,000 |
| 2024 | $8,626 | $681,555 | $317,451 | $364,104 |
| 2023 | $8,464 | $668,192 | $311,227 | $356,965 |
| 2022 | $8,077 | $655,091 | $305,125 | $349,966 |
| 2021 | $7,963 | $642,247 | $299,143 | $343,104 |
| 2019 | $7,728 | $623,199 | $290,271 | $332,928 |
| 2018 | $7,636 | $610,980 | $284,580 | $326,400 |
| 2016 | $7,230 | $583,768 | $203,050 | $380,718 |
| 2015 | $6,993 | $575,000 | $200,000 | $375,000 |
| 2014 | $1,967 | $149,100 | $112,200 | $36,900 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Patton
-
Lenny Spangler
Seller Co-Listing Agent in 2024
Lenny Spangler
HCM Real Estate
(949) 491-8667
1 in this area
24 Total Sales
-
Janice Lee
Buyer Co-Listing Agent in 2024
Janice Lee
Dream Realty & Investments Inc
(310) 713-2812
1 in this area
46 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24201924
APN: 5105-016-011
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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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