NOT LISTED FOR SALE

234 W 56th St Unit 1-4 Los Angeles, CA 90037

South Park Neighborhood

Estimated Value: $907,000 - $953,000

2 Beds
1 Bath
3,152 Sq Ft
$296/Sq Ft Est. Value

Last Sold October 31, 2017

Last sale price $685,000 $217 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $6,049/month

22 Days on Market

Highlights

  • Fireplace in Bathroom
  • Laundry Room
  • Tile Flooring
  • No HOA
  • Accessible Parking
  • Central Air

About This Home

As of October 2017

This home is located at 234 W 56th St Unit 1-4, Los Angeles, CA 90037 since 31 August 2017 and is currently estimated at $933,667, approximately $296 per square foot. This property was built in 1964. 234 W 56th St Unit 1-4 is a home located in Los Angeles County with nearby schools including Estrella Elementary School, Los Angeles Academy Middle School, and Thomas Jefferson Senior High School.

Last Listed By

Freddie Ortega

Realty ONE Group Strong License #01837349 Listed on: 08/31/2017

Realty ONE Group Strong

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,692

Year Built

  • Built in 1964

Lot Details

  • 5,400 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Apartment
  • Shingle Roof

Interior Spaces

  • 3,152 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Fireplace in Kitchen
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom
  • Fireplace in Bathroom

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Central Air
  • Wall Furnace
  • Sewer on Bond

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 35
  • Assessor Parcel Number 5101028016

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $500
  • Insurance Expense $1,300
  • Trash Expense $800
  • Water Sewer Expense $1,200
  • New Taxes Expense $8,583
  • Operating Expense $3,800
  • Net Operating Income $44,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,692

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LAR2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5101028016
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Accessibility Features: Parking
  • Fireplace Features: Bath, Kitchen, Living Room, Gas
  • Levels: Two
  • Price Per Square Foot: 217.32

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Sewer On Bond
  • Trash Expense: 800.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5400.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 500.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 1300.00
  • Net Operating Income: 44200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 3800.00
  • Rent Control: Yes
  • Total Expenses: 3800.00

Tax Info

  • New Taxes Expense: 8583.00
  • Tax Census Tract: 2328.00
  • Tax Lot: 35
  • Tax Tract Number: firth

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2017
Closed on
Nov 21, 2017
Sold by
Watts Kirt
Bought by
Watts Gretchen
Seller's Agent
Freddie Ortega
Realty ONE Group Strong
List Price
$695,000
Sold Price
$685,000
Premium/Discount to List
-$10,000
-1.44%
Total Days on Market
22
Current Estimated Value
$933,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,667
Avg. Annual Appreciation
4.15%
Original Mortgage
$688,933
Interest Rate
3.88%
Mortgage Type
VA

Purchase Details

Listed on
Aug 31, 2017
Closed on
Oct 19, 2017
Sold by
Dejesus Erroa Misael
Bought by
Watts Gretchen
Seller's Agent
Freddie Ortega
Realty ONE Group Strong
List Price
$695,000
Sold Price
$685,000
Premium/Discount to List
-$10,000
-1.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$688,933
Interest Rate
3.88%
Mortgage Type
VA

Purchase Details

Closed on
Jul 18, 2005
Sold by
Rivas Salvador C
Bought by
Erroa Misael De Jesus and Erroa Carolina Lara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 1998
Sold by
Hernandez Francisco
Bought by
Rivas Salvador C and Rivas Gilma

Purchase Details

Closed on
Mar 5, 1998
Sold by
Izquierdo Monica
Bought by
Hernandez Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,765
Interest Rate
7.11%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 15, 1998
Sold by
Halleck Margaret L
Bought by
Izquierdo Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,765
Interest Rate
7.11%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 11, 1991
Sold by
Halleck Samuel A
Bought by
Halleck Samuel A and Halleck Margaret L
Source: Public Records

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Range of Values:

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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
Watts Gretchen -- First American Title Company
Watts Gretchen $685,000 First American Title Company
Erroa Misael De Jesus $600,000 Investors Title Company
Rivas Salvador C -- --
Hernandez Francisco $190,000 Fidelity Title
Izquierdo Monica $109,000 Fidelity Title
Halleck Samuel A -- --
Halleck Samuel A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watts Gretchen $670,636
Closed Watts Gretchen $670,684
Closed Watts Gretchen $688,933
Previous Owner Erroa Misael De Jesus $450,000
Previous Owner Rivas Salvador C $187,600
Previous Owner Hernandez Francisco $184,765
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2017 10/31/17 Sold $685,000 -1.4% $217 / Sq Ft
09/22/2017 09/22/17 Pending -- -- --
08/31/2017 08/31/17 For Sale $695,000 -- $220 / 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
2024 $9,692 $764,126 $446,206 $317,920
2023 $9,510 $749,144 $437,457 $311,687
2022 $9,077 $734,456 $428,880 $305,576
2021 $8,955 $720,056 $420,471 $299,585
2019 $8,693 $698,700 $408,000 $290,700
2018 $8,572 $685,000 $400,000 $285,000
2017 $8,804 $706,491 $376,796 $329,695
2016 $8,584 $692,639 $369,408 $323,231
2015 $8,461 $682,236 $363,860 $318,376
2014 $8,510 $668,873 $356,733 $312,140
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2017

    Freddie Ortega

    Realty ONE Group Strong

    (661) 246-8853

    38 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17202980

California Regional Multiple Listing Service (CRMLS)

APN: 5101-028-016

California Los Angeles County Los Angeles 90037 South Park

234 W 56th St Unit 1-4, Los Angeles, CA

This home is located at 234 W 56th St Unit 1-4, Los Angeles, CA 90037 since 31 August 2017 and is currently estimated at $933,667, approximately $296 per square foot. This property was built in 1964. 234 W 56th St Unit 1-4 is a home located in Los Angeles County with nearby schools including Estrella Elementary School, Los Angeles Academy Middle School, and Thomas Jefferson Senior High School.

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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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