2653 E 57th St Huntington Park, CA 90255
Estimated Value: $1,096,419 - $1,235,000
8
Beds
6
Baths
21,463
Sq Ft
$54/Sq Ft
Est. Value
About This Home
As of April 2017The Ensbury Group of KW Commercial is pleased to exclusively offer for sale this 36 unit portfolio located in Huntington Park. The properties are situated on E 57th St between Pacific Blvd and Miles Ave. These two blocks of E 57th St are directly across from Pacific Boulevard Elementary School. Four of the five properties are adjacent to each other, while the fifth is two parcels to the east. In general, the buildings are in average to poor condition. They were built between 1928 and 1949. This is a perfect value add opportunity. The rents are substantially below market and many of the units have substantial deferred maintenance. In addition, the buildings have plumbing and sewer issues.
2653 E 57th St- This six-unit property consists of two houses at the front, and a fourplex in the rear. The two houses are both 2Bd/1Ba, and the four units in the rear are 1Bd/1Ba.
2659 E 57th St- This duplex consists of one 2Bd/2Ba and one 3Bd/1Ba.
2663-65 E 57th St- This ten-unit property consists of a fourplex in the front and a six-unit building in the rear. The fourplex consists of four 1Bd/1 Ba units. The six-unit structure at the rear consists of two bachelors, two singles, and two 1Bd/1Ba units.
2667 E 57th St- This fourteen-unit building consists of four bachelors, two singles, and eight 1Bd/1Ba units.
2709 E 57th St- This fourplex consists of one 2Bd/1Ba house at the front and a triplex in the rear. The rear triplex consists of one 2Bd/1Ba unit and two 1Bd/1Ba units.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #00815392 Listed on: 02/13/2017
Last Buyer's Agent
Lyon Stahl Investment Real Estate, Inc. License #00815392 Listed on: 02/13/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,461
Year Built
- Built in 1941
Lot Details
- 0.73 Acre Lot
- No Common Walls
- Density is 36-40 Units/Acre
Home Design
- 21,463 Sq Ft Home
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 123
- Tax Tract Number 6674
- Assessor Parcel Number 6309023019
Community Details
Overview
- 5 Buildings
- 36 Units
Building Details
- 36 Separate Electric Meters
- 36 Separate Gas Meters
- 36 Separate Water Meters
- Operating Expense $155,493
- Gross Income $300,480
- Net Operating Income $132,279
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 13, 2017
Closed on
Mar 23, 2017
Sold by
Hpap Llc
Bought by
57Th Street Hp 36 Lp
Seller's Agent
Martin Ensbury
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Martin Ensbury
Lyon Stahl Investment Real Estate, Inc.
List Price
$4,650,000
Sold Price
$4,200,000
Premium/Discount to List
-$450,000
-9.68%
Total Days on Market
16
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,034,290
Avg. Annual Appreciation
-14.95%
Original Mortgage
$350,000
Interest Rate
4.3%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 24, 2014
Sold by
Lee Judy Ching Yu
Bought by
Hpap Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
4.34%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Apr 8, 1997
Sold by
Family Trust Chiang Stephen S And Judy Trs Ch
Bought by
Chiang Judy Ching Yu
Similar Homes in Huntington Park, CA
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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 |
|---|---|---|---|
| 57Th Street Hp 36 Lp | $700,000 | Fidelity National Title Co | |
| Hpap Llc | -- | Accommodation | |
| Chiang Judy Ching Yu | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 57Th Street Hp 36 Lp | $845,000 | |
| Closed | 57Th Street Hp 36 Lp | $676,000 | |
| Closed | 57Th Street Hp 36 Lp | $350,000 | |
| Closed | 57Th Street Hp 36 Lp | $350,000 | |
| Previous Owner | Hpap Llc | $2,400,000 | |
| Previous Owner | Lee Judy Ching Yu | $650,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/20/2017 04/20/17 | Sold | $4,200,000 | -9.7% | $196 / Sq Ft |
| 03/01/2017 03/01/17 | Pending | -- | -- | -- |
| 02/13/2017 02/13/17 | For Sale | $4,650,000 | -- | $217 / 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 |
|---|---|---|---|---|
| 2024 | $14,461 | $870,435 | $341,347 | $529,088 |
| 2023 | $14,206 | $853,368 | $334,654 | $518,714 |
| 2022 | $13,610 | $836,637 | $328,093 | $508,544 |
| 2021 | $13,416 | $975,702 | $332,382 | $643,320 |
| 2019 | $15,050 | $947,724 | $322,524 | $625,200 |
| 2018 | $14,821 | $929,160 | $316,200 | $612,960 |
| 2016 | $12,523 | $776,650 | $258,883 | $517,767 |
| 2015 | $12,318 | $764,985 | $254,995 | $509,990 |
| 2014 | $9,546 | $554,297 | $193,610 | $360,687 |
Source: Public Records
Agents Affiliated with this Home
-
Martin Ensbury
Seller's Agent in 2017
Martin Ensbury
Lyon Stahl Investment Real Estate, Inc.
(310) 376-4600
27 Total Sales
-
Nick Ensbury
Seller Co-Listing Agent in 2017
Nick Ensbury
Lyon Stahl Investment Real Estate, Inc.
(310) 503-7574
1 in this area
12 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB17029819
APN: 6309-023-019
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