NOT LISTED FOR SALE

234 E 55th St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $1,282,151

1 Bed
2 Baths
4,576 Sq Ft
$280/Sq Ft Est. Value

Last Sold October 01, 2024

Last sale price $1,250,000 $273 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,322/month

11 Days on Market

Highlights

  • 0.24 Acre Lot
  • 1-Story Property
  • 3-minute walk to South Los Angeles Wetlands Park
  • Corner Lot

About This Home

As of October 2024

234 East 55th Street in South LA comprises six one-bed/one-bath cottages and a commercial space currently occupied by a meat market. The 10,601-square foot corner lot also offers on-site parking for the market.

234 East 55th Street is located in South Los Angeles across from the South LA Wetlands, one block to Synergy Quantum Academy High School, and conveniently near the 110 Freeway.

This offering presents an investor a great opportunity to capture 25 percent rental upside in a strong rental market.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01332755 Listed on: 07/25/2024

Last Buyer's Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01332755 Listed on: 07/25/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 10,601 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 4,576 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 2 / L
  • Assessor Parcel Number 5101016001
  • $1,340 per year additional tax assessments

Community Details

Overview

  • 7 Buildings
  • 7 Units

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • Operating Expense $42,759
  • Gross Income $141,828
  • Net Operating Income $94,814

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LAR2
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5101016001
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 273.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 10601.00
  • Lot Size Acres: 0.2434

Multi Family

  • Gross Income: 141828.00
  • Gross Scheduled Income: 141828.00
  • Lot Size Area: 10601.0000 Square Feet
  • Net Operating Income: 94814.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Units Total: 7
  • Operating Expense: 42759.00
  • Rent Control: Yes
  • Total Expenses: 42759.00

Tax Info

  • Tax Block: L
  • Tax Census Tract: 2294.10
  • Tax Lot: 2
  • TaxOtherAnnualAssessmentAmount: 1340.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2024
Closed on
Oct 1, 2024
Sold by
243 55Th Street Llc and 234 55Th Street Llc
Bought by
234 55Th Street Llc
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
List Price
$1,299,000
Sold Price
$1,250,000
Premium/Discount to List
-$49,000
-3.77%
Views
19
Current Estimated Value
$1,282,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,151
Avg. Annual Appreciation
1.93%

Purchase Details

Listed on
Jul 25, 2024
Closed on
Aug 7, 2024
Sold by
234 55Th Llc
Bought by
243 55Th Street Llc
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
List Price
$1,299,000
Sold Price
$1,250,000
Premium/Discount to List
-$49,000
-3.77%
Views
19

Purchase Details

Listed on
Sep 20, 2013
Closed on
Jan 31, 2014
Sold by
Koi Pond
Bought by
234 55Th Llc
Seller's Agent
Ron Ward
Team Equity L.A. Property
Buyer's Agent
Ron Ward
Team Equity L.A. Property
List Price
$450,000
Sold Price
$431,000
Premium/Discount to List
-$19,000
-4.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.38%

Purchase Details

Listed on
Sep 20, 2013
Closed on
Nov 19, 2013
Sold by
Taylor Sonie D and Sonie D Taylor Living Trust
Bought by
Koi Pond
Seller's Agent
Ron Ward
Team Equity L.A. Property
Buyer's Agent
Ron Ward
Team Equity L.A. Property
List Price
$450,000
Sold Price
$431,000
Premium/Discount to List
-$19,000
-4.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 18, 2008
Sold by
Taylor Sonie D
Bought by
Taylor Sonie D and Sonie D Taylor Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
234 55Th Street Llc -- Ticor Title
243 55Th Street Llc $1,250,000 Ticor Title
234 55Th Llc -- None Available
Koi Pond $431,000 Fidelity National Title
Taylor Sonie D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Koi Pond $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/01/2024 10/01/24 Sold $1,250,000 -3.8% $273 / Sq Ft
08/05/2024 08/05/24 Pending -- -- --
07/25/2024 07/25/24 For Sale $1,299,000 +201.4% $284 / Sq Ft
12/24/2013 12/24/13 Sold $431,000 -4.2% $258 / Sq Ft View Prior Sale
12/07/2013 12/07/13 Pending -- -- --
09/20/2013 09/20/13 For Sale $450,000 -- $269 / 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 $7,972 $1,250,000 $870,000 $380,000
2024 $7,972 $552,829 $228,342 $324,487
2023 $7,841 $541,990 $223,865 $318,125
2022 $7,524 $531,364 $219,476 $311,888
2021 $7,418 $520,946 $215,173 $305,773
2020 $7,478 $515,605 $212,967 $302,638
2019 $7,226 $505,496 $208,792 $296,704
2018 $7,011 $495,586 $204,699 $290,887
2016 $6,642 $476,344 $196,751 $279,593
2015 $6,558 $469,190 $193,796 $275,394
2014 $6,237 $431,000 $165,000 $266,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1231

    1 in this area

    88 Total Sales

    Steve Bogoyevac
    Section Image

  • R

    Seller's Agent in 2013

    Ron Ward

    Team Equity L.A. Property

    (323) 750-3690

    7 Total Sales

    Ron Ward
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24153263

California Regional Multiple Listing Service (CRMLS)

APN: 5101-016-001

California Los Angeles County Los Angeles 90011 South Park

234 E 55th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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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