NOT LISTED FOR SALE

355 E 53rd St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $1,384,000 - $1,527,000

1 Bed
1 Bath
1,280 Sq Ft
$1,125/Sq Ft Est. Value

Last Sold September 02, 2021

Last sale price $450,000 $352 Per Sq Ft

Est. 220% increase in value since last sale

Current estimated payment $9,279/month

3 Days on Market

About This Home

As of September 2021

Great property across from one of the schools in the area. With the right touch, this property will be perfect to grow your investment portfolio! The property can be delivered vacant at the close of escrow.

Last Agent to Sell the Property

BENJAMIN KUBO

KUBO REALTY & INVESTMENTS GROU License #01913485 Listed on: 07/28/2021

Last Buyer's Agent

Daniel Terrazas

VIP RE Firm License #02019893

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,745

Year Built

  • Built in 1910

Lot Details

  • 5,263 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 1,280 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 29 / D
  • Tax Tract Number 229
  • Assessor Parcel Number 5109025032

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $150
  • Other Expense $463
  • Trash Expense $25
  • Operating Expense $638
  • Gross Income $2,000
  • Net Operating Income $1,163

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,745

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5109025032
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 351.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 25.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5263.00
  • Lot Size Acres: 0.1208

Multi Family

  • Gross Income: 2000.00
  • Gross Operating Income: 1800.00
  • Gross Scheduled Income: 2000.00
  • Insurance Expense: 150.00
  • Lot Size Area: 5263.0000 Square Feet
  • Net Operating Income: 1162.50
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 637.50
  • Other Expense: 462.50
  • Other Expense Description: prop tax
  • Rent Control: Yes
  • Total Expenses: 637.50
  • Vacancy Allowance Rate: 10.00

Tax Info

  • Tax Block: D
  • Tax Census Tract: 2294.10
  • Tax Lot: 29
  • Tax Tract Number: 229...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2022
Sold by
Ocean Development Inc
Bought by
Coronado Leticia Cynthia
Current Estimated Value
$1,439,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,227,359
Interest Rate
6.33%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 28, 2021
Closed on
Aug 17, 2021
Sold by
Diaz Guerreros and Reyes Maria Y
Bought by
Ocean Development Inc
Seller's Agent
BENJAMIN KUBO
KUBO REALTY & INVESTMENTS GROU
Buyer's Agent
Daniel Terrazas
VIP RE Firm
List Price
$445,000
Sold Price
$450,000
Premium/Discount to List
$5,000
1.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.25%
Original Mortgage
$500,000
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 6, 2003
Sold by
Diaz Guerreros
Bought by
Diaz Guerreros

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 1997
Sold by
Diaz Maria and Diaz Evodio
Bought by
Diaz Guerreros

Purchase Details

Closed on
Jul 10, 1996
Sold by
Diaz Guerrero
Bought by
Diaz Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,650
Interest Rate
8.32%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 18, 1996
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Diaz Maria and Diaz Evodio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,650
Interest Rate
8.32%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 22, 1996
Sold by
Pao Catherine C and Federal Home Loan Mortgage Cor
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Mar 31, 1994
Sold by
Pao Catherine C
Bought by
First Preferred Capital Corp
Source: Public Records

Range of Values:

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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
Coronado Leticia Cynthia $1,250,000 Lawyers Title
Ocean Development Inc $450,000 Lawyers Title Company
Diaz Guerreros -- United Title Company
Diaz Guerreros -- --
Diaz Maria -- First American Title Co
Diaz Evodio -- First American Title Co
Diaz Maria $95,000 First American Title Co
Federal Home Loan Mortgage Corporation $92,000 First American Title Co
First Preferred Capital Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coronado Leticia Cynthia $1,227,359
Previous Owner Ocean Development Inc $500,000
Previous Owner Ocean Development Inc $500,000
Previous Owner Diaz Guerreros $100,000
Previous Owner Diaz Maria $94,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2021 09/02/21 Sold $450,000 +1.1% $352 / Sq Ft
07/31/2021 07/31/21 Pending -- -- --
07/28/2021 07/28/21 For Sale $445,000 -- $348 / 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 $15,745 $1,275,000 $612,000 $663,000
2023 $5,793 $459,000 $408,000 $51,000
2022 $5,527 $450,000 $400,000 $50,000
2021 $1,870 $142,917 $75,221 $67,696
2020 $1,883 $141,452 $74,450 $67,002
2019 $1,816 $138,680 $72,991 $65,689
2018 $1,745 $135,961 $71,560 $64,401
2017 $1,706 $133,296 $70,157 $63,139
2016 $1,654 $130,683 $68,782 $61,901
2015 $1,631 $128,721 $67,749 $60,972
2014 $1,648 $126,200 $66,422 $59,778
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    BENJAMIN KUBO

    KUBO REALTY & INVESTMENTS GROU

    (661) 809-0428

    1 in this area

    18 Total Sales

    BENJAMIN KUBO
    Section Image
  • Daniel Terrazas

    Buyer's Agent in 2021

    Daniel Terrazas

    VIP RE Firm

    (323) 864-3866

    1 in this area

    34 Total Sales

    Daniel Terrazas
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB21166219

California Regional Multiple Listing Service (CRMLS)

APN: 5109-025-032

California Los Angeles County Los Angeles 90011 South Park

355 E 53rd St, Los Angeles, CA

This home is located at 355 E 53rd St, Los Angeles, CA 90011 since 28 July 2021 and is currently estimated at $1,439,768, approximately $1,124 per square foot. This property was built in 1910. 355 E 53rd St is a home located in Los Angeles County with nearby schools including Main Street Elementary School, Los Angeles Academy Middle School, and Thomas Jefferson Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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