NOT LISTED FOR SALE

1620 W 55th St Los Angeles, CA 90062

Harvard Park Neighborhood

Estimated Value: $650,071 - $741,000

3 Beds
3 Baths
1,584 Sq Ft
$429/Sq Ft Est. Value

Last Sold May 10, 2022

Last sale price $640,000 $404 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,264/month

225 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property

About This Home

As of May 2022

BACK TO MARKET !!!!!SELLER VERY MOTIVATED TO SELL!!!!!!!!! BRING YOUR BUYERS !!!!!PRICE REDUCTION AS OF 11/29/2021.. TRIPLEX 1 BEDROOM 1 BATH EACH UNIT. 3 CAR GARAGE.....OWNER OCCUPIED 1 UNIT AND OTHER UNITS ARE TENANT OCCUPIED. SELLER VERY MOTIVATED TO SELL READY TO RETIRED AND WILLING TO SEE ALL OFFERS. SHOWING ONLY BY APPOINTMENT PLEASE DO NOT DISTURB OWNER NEITHER TENANTS. PLEASE DO NOT GO DIRECT. TENANTS ARE VERY COOPERATIVE. SELLER MIGHT NEED RENT BACK AT LEAST 2 MONTHS AFTER THE SELL OF THE PROPERTY. PROPERTY EXCELENT FOR INVESTMENT

Last Agent to Sell the Property

Ulises Zarco

Cal-State Real Estate License #01125056 Listed on: 08/19/2021

Last Buyer's Agent

Ulises Zarco

Cal-State Real Estate License #01125056 Listed on: 08/19/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 4,450 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,584 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Tax Tract Number 772
  • Assessor Parcel Number 5003022006
  • $293 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $3,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

4,450 Sq Ft Lot

Parking

1

Listing Details

  • Property Attached: Yes
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5003022006
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 404.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4450.00
  • Lot Size Acres: 0.1022

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 4450.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Rent Control: Yes
  • Total Expenses: 3100.00

Tax Info

  • Tax Census Tract: 2325.00
  • Tax Lot: 10
  • Tax Tract Number: 772
  • TaxOtherAnnualAssessmentAmount: 293.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2021
Closed on
Apr 25, 2022
Sold by
Ojeda Gerardo S
Bought by
Ortiz Kevin Ernesto
Seller's Agent
Ulises Zarco
Cal-State Real Estate
Buyer's Agent
Ulises Zarco
Cal-State Real Estate
List Price
$640,000
Sold Price
$640,000
Current Estimated Value
$679,268

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,268
Avg. Annual Appreciation
1.55%
Original Mortgage
$628,408
Outstanding Balance
$590,489
Interest Rate
4.75%
Mortgage Type
FHA
Estimated Equity
$88,779

Purchase Details

Closed on
Apr 3, 2006
Sold by
Spoerri Werner
Bought by
Ojeda Gerardo S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,200
Interest Rate
1.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 18, 2004
Sold by
Lyles Freddie and Lyles Angelina
Bought by
Spoerri Werner

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2003
Sold by
Lyles Freddie and Lyles Angelina
Bought by
Lyles Freddie and Lyles Angelina

Purchase Details

Closed on
Jan 14, 2002
Sold by
Wells Fargo Home Mtg Inc
Bought by
Lyles Freddie and Lyles Angelina K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,700
Interest Rate
7.99%

Purchase Details

Closed on
Sep 25, 2001
Sold by
Sanchez Honorio and Ponce Sergio
Bought by
Wells Fargo Home Mtg Inc and Norwest Mtg Inc

Purchase Details

Closed on
Oct 22, 1999
Sold by
Gonzalez Jaime D
Bought by
Sanchez Honorio and Ponce Sergio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,454
Interest Rate
8.24%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 23, 1998
Sold by
Federal National Mortgage Association
Bought by
Gonzalez Jaime Dejesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.9%

Purchase Details

Closed on
Aug 8, 1997
Sold by
Diamond Harriet J
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 8, 1996
Sold by
Rodriguez Jose David and Tarango Genoveva
Bought by
Rodriguez Manuel and Rodriguez Veronica

Purchase Details

Closed on
Jun 22, 1994
Sold by
Diamond Harriet J
Bought by
Rodriguez Jose David and Tarango Genoveva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
8.83%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ortiz Kevin Ernesto $640,000 Chicago Title
Ojeda Gerardo S $549,000 Alliance Title
Spoerri Werner $285,000 Fidelity National Title Co
Lyles Freddie -- --
Lyles Freddie $153,000 First American Title
Wells Fargo Home Mtg Inc $195,000 First American Title Ins Co
Sanchez Honorio $189,000 First American Title Co
Gonzalez Jaime Dejesus $112,000 Fidelity National Title Ins
Federal National Mortgage Association $119,124 First American Title Ins Co
Rodriguez Manuel -- --
Rodriguez Jose David -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ortiz Kevin Ernesto $628,408
Previous Owner Ojeda Gerardo S $439,200
Previous Owner Spoerri Werner $228,000
Previous Owner Lyles Freddie $137,700
Previous Owner Sanchez Honorio $187,454
Previous Owner Gonzalez Jaime Dejesus $120,000
Previous Owner Rodriguez Jose David $145,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2022 05/10/22 Sold $640,000 0.0% $404 / Sq Ft
04/01/2022 04/01/22 Pending -- -- --
03/30/2022 03/30/22 For Sale $640,000 0.0% $404 / Sq Ft
02/14/2022 02/14/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $640,000 0.0% $404 / Sq Ft
02/13/2022 02/13/22 Off Market $640,000 -- --
11/29/2021 11/29/21 Price Changed $640,000 -1.5% $404 / Sq Ft
10/12/2021 10/12/21 Price Changed $650,000 -3.7% $410 / Sq Ft
09/20/2021 09/20/21 Price Changed $675,000 -3.6% $426 / Sq Ft
08/19/2021 08/19/21 For Sale $700,000 -- $442 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,296 $679,173 $530,604 $148,569
2024 $8,296 $665,856 $520,200 $145,656
2023 $8,141 $652,800 $510,000 $142,800
2022 $7,222 $600,000 $421,100 $178,900
2021 $6,912 $570,000 $400,000 $170,000
2020 $7,050 $570,000 $400,000 $170,000
2019 $5,496 $450,000 $325,000 $125,000
2018 $8,044 $659,364 $480,414 $178,950
2016 $5,021 $410,000 $298,700 $111,300
2015 $5,021 $410,000 $298,700 $111,300
2014 $4,605 $365,000 $266,000 $99,000
Source: Public Records

Agents Affiliated with this Home

  • Ulises Zarco

    Seller's Agent in 2022

    Ulises Zarco

    Cal-State Real Estate

    (818) 209-9820

    1 in this area

    14 Total Sales

    Ulises Zarco
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21179803

California Regional Multiple Listing Service (CRMLS)

APN: 5003-022-006

California Los Angeles County Los Angeles 90062 Harvard Park

1620 W 55th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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