M
Seller's Agent in 2017
Myles Dunn Jr.
Caradine Realty
221 W 55th St Los Angeles, CA 90037
South Park NeighborhoodEstimated Value: $713,000 - $953,000
6
Beds
4
Baths
2,259
Sq Ft
$362/Sq Ft
Est. Value
Highlights
- ADA Compliant
- Satellite Dish
- Carpet
About This Home
As of February 2017DRIVE BY ONLY!! Great Investment Opportunity with a positive cash flow. Triplex with 1 bedroom, 1 bath each plus 3 bedroom, 1 bath house that needs. TLC. (Title report shows total square footage of all units 2,259, 1 bedroom, 1 bath house. Buyer and buyer's agent to verify room count, square footage and permits). Large Lot. (Click on Docs tab to review LADBS Permit reports. Additional permits online.) Long term tenants to remain after Close of Escrow. Gated entrance. Separate meters. Sold in it's present "AS IS" Condition. Subject to Inspection (with accepted offer). Property subject to L.A. Rent Stabilization Ordinance. Needs some TLC. Cash or Conventional Offers ONLY! Submit proof of funds to close, EMD, pre-approval from direct lender and LLC/ Corporation articles.
Last Agent to Sell the Property
Myles Dunn Jr.
Caradine Realty License #01088456 Listed on: 08/27/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,603
Year Built
- Built in 1922
Lot Details
- 5,444
Home Design
- 2,259 Sq Ft Home
- Additions or Alterations
- Cosmetic Repairs Needed
Flooring
- Carpet
- Linoleum
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Driveway
Additional Features
- ADA Compliant
- 5,444 Sq Ft Lot
- Satellite Dish
Community Details
- 2 Buildings
- 4 Units
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Assessor Parcel Number 5101-032-009
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 4, 2017
Sold by
Hahn Joon and Abed George
Bought by
Jgsc Investment Group Inc
Current Estimated Value
Purchase Details
Listed on
Aug 27, 2016
Closed on
Feb 9, 2017
Sold by
Patterson Bobby L
Bought by
Hahn Joon and Abed George
Seller's Agent
Myles Dunn Jr.
Caradine Realty
Buyer's Agent
Luis Guevara
eXp Realty of Southern CA
List Price
$460,000
Sold Price
$450,000
Premium/Discount to List
-$10,000
-2.17%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.67%
Original Mortgage
$337,500
Interest Rate
4.12%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 14, 2012
Sold by
Patterson Bobby L
Bought by
Patterson Bobby L and Bobby L Patterson Revocable Tr
Purchase Details
Closed on
Feb 10, 2004
Sold by
Patterson Bobby L and The Patterson Revocable Trust
Bought by
Patterson Bobby L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.85%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 14, 1997
Sold by
Patterson Bobby L
Bought by
Patterson Bobby L and The Patterson Revocable Trust
Purchase Details
Closed on
Jul 18, 1996
Sold by
Patterson Joyce
Bought by
Patterson Bobby
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
8.23%
Purchase Details
Closed on
Jul 11, 1996
Sold by
Henry Richardl
Bought by
Henry Floyd R and Henry Dorothy J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
8.23%
Purchase Details
Closed on
Jun 4, 1996
Sold by
Henry Floyd R and Henry Dorothy J
Bought by
Patterson Bobby
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
8.23%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jgsc Investment Group Inc | -- | None Available | |
| Hahn Joon | $450,000 | Lawyers Title | |
| Patterson Bobby L | -- | None Available | |
| Patterson Bobby L | -- | Chicago Title | |
| Patterson Bobby L | -- | -- | |
| Patterson Bobby | -- | Guardian Title Company | |
| Henry Floyd R | -- | Guardian Title Company | |
| Patterson Bobby | $190,000 | Guardian Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hahn Joon | $337,500 | |
| Previous Owner | Patterson Bobby L | $220,000 | |
| Previous Owner | Patterson Bobby L | $161,250 | |
| Previous Owner | Patterson Bobby | $152,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/24/2017 02/24/17 | Sold | $450,000 | -2.2% | $199 / Sq Ft |
| 01/19/2017 01/19/17 | Pending | -- | -- | -- |
| 11/22/2016 11/22/16 | For Sale | $460,000 | +2.2% | $204 / Sq Ft |
| 11/12/2016 11/12/16 | Off Market | $450,000 | -- | -- |
| 10/21/2016 10/21/16 | Price Changed | $460,000 | -6.1% | $204 / Sq Ft |
| 10/02/2016 10/02/16 | Price Changed | $489,990 | -3.9% | $217 / Sq Ft |
| 08/27/2016 08/27/16 | For Sale | $510,000 | -- | $226 / Sq Ft |
Source: The MLS
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 |
|---|---|---|---|---|
| 2024 | $6,603 | $512,018 | $398,237 | $113,781 |
| 2023 | $6,481 | $501,979 | $390,429 | $111,550 |
| 2022 | $6,189 | $492,137 | $382,774 | $109,363 |
| 2021 | $6,107 | $482,488 | $375,269 | $107,219 |
| 2020 | $6,164 | $477,542 | $371,422 | $106,120 |
| 2019 | $5,931 | $468,180 | $364,140 | $104,040 |
| 2018 | $5,819 | $459,000 | $357,000 | $102,000 |
| 2016 | $3,407 | $261,392 | $82,541 | $178,851 |
| 2015 | $3,360 | $257,467 | $81,302 | $176,165 |
| 2014 | $3,397 | $252,425 | $79,710 | $172,715 |
Source: Public Records
Agents Affiliated with this Home
-
-
Luis Guevara
Buyer's Agent in 2017
Luis Guevara
eXp Realty of Southern CA
(310) 704-6298
53 Total Sales
Map
Source: The MLS
MLS Number: 16-157208
APN: 5101-032-009
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