NOT LISTED FOR SALE

371 E 56th St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $583,317 - $718,000

3 Beds
2 Baths
977 Sq Ft
$676/Sq Ft Est. Value

Last Sold September 09, 2016

Last sale price $359,000 $367 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $3,948/month

58 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • 1-minute walk to South Los Angeles Wetlands Park
  • Lawn
  • Cooling System Mounted To A Wall/Window

About This Home

As of September 2016

The perfect home for first time buyers !!!! Pride of ownership, one of the most beautiful houses in miles. Shows like a model home with no expense spared. Proudly present this 3 bedrooms and 2 bathrooms with inside laundry, master bedroom, gorgeous kitchen, detached 1 car garage, fenced in a big lot. Close to down town LA property totally remodeled with new electric, plumbing, windows, fence. This is the best opportunity to live in an extraordinary impeccable one in a kind home. Remodel includes,new title bathrooms,skim coat drywall,new flooring throughout entire home, new interior doors with chrome hardware,master bedroom closet .Gorgeous designer custom made kitchen includes backsplash tiles, counter tops. Nicely opens into formal dining room and formal living room. New landscaping with sprinkler system. Detached garage interior is finished .

Last Agent to Sell the Property

Oscar Morales

OPTION ONE REALTY & INVESTMENT License #01908712 Listed on: 07/08/2016

Last Buyer's Agent

Oscar Morales

OPTION ONE REALTY & INVESTMENT License #01908712 Listed on: 07/08/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,173

Year Built

  • Built in 1922

Lot Details

  • 5,294 Sq Ft Lot
  • Lawn

Parking

  • 1 Car Garage

Home Design

  • 977 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 2 Full Bathrooms

Additional Features

  • Urban Location
  • Cooling System Mounted To A Wall/Window

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5101010002

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,173

Year Built

Built in 1922

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5101010002
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 977.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Levels: One
  • Price Per Square Foot: 367.45
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Schools

  • School District: Los Angeles Unified

Lot Info

  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 5294.00
  • Price Per Lot Square Foot: 67.81

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2016
Closed on
Jul 13, 2016
Sold by
Idd Investments Group Inc
Bought by
Vega German Garcia and Vega Marco Garcia
Seller's Agent
Oscar Morales
OPTION ONE REALTY & INVESTMENT
Buyer's Agent
Oscar Morales
OPTION ONE REALTY & INVESTMENT
List Price
$359,000
Sold Price
$359,000
Current Estimated Value
$660,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,829
Avg. Annual Appreciation
6.94%
Original Mortgage
$352,497
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 25, 2016
Closed on
Mar 18, 2016
Sold by
Wells Fargo Bank Na
Bought by
Idd Investments Group Inc
Seller's Agent
Ray Duran
L.A. REAL ESTATE NETWORK GROUP
Buyer's Agent
Ray Duran
WEDGEWOOD HOMES REALTY
List Price
$240,000
Sold Price
$260,000
Premium/Discount to List
$20,000
8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
119.66%

Purchase Details

Closed on
May 28, 2015
Sold by
Farmer Norma A
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Sep 9, 1998
Sold by
Farmer Norma A
Bought by
Farmer Norma A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.92%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jan 21, 1994
Sold by
Farmer Mckinley
Bought by
Farmer Norma A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
7.1%
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
Vega German Garcia $359,000 Title 365
Idd Investments Group Inc $260,000 Wfg Title Company Of Ca
Wells Fargo Bank Na $230,000 Ticor Title
Farmer Norma A -- Southland Title
Farmer Norma A -- Provident Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vega German Garcia $352,497
Previous Owner Farmer Norma A $60,000
Previous Owner Farmer Norma A $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/09/2016 09/09/16 Sold $359,000 0.0% $367 / Sq Ft
07/14/2016 07/14/16 Pending -- -- --
07/08/2016 07/08/16 For Sale $359,000 0.0% $367 / Sq Ft
07/07/2016 07/07/16 Off Market $359,000 -- --
05/17/2016 05/17/16 For Sale $359,000 +38.1% $367 / Sq Ft
04/12/2016 04/12/16 Sold $260,000 +8.3% $266 / Sq Ft View Prior Sale
03/02/2016 03/02/16 Pending -- -- --
02/25/2016 02/25/16 For Sale $240,000 -- $246 / 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 $5,173 $416,644 $290,724 $125,920
2024 $5,173 $408,475 $285,024 $123,451
2023 $5,075 $400,467 $279,436 $121,031
2022 $4,843 $392,615 $273,957 $118,658
2021 $4,783 $384,918 $268,586 $116,332
2019 $4,643 $373,503 $260,620 $112,883
2018 $4,556 $366,180 $255,510 $110,670
2017 $4,814 $359,000 $250,500 $108,500
2016 $2,874 $227,923 $158,480 $69,443
2015 $383 $25,864 $12,014 $13,850
2014 $392 $25,358 $11,779 $13,579
Source: Public Records

Agents Affiliated with this Home

  • Ray Duran

    Seller's Agent in 2016

    Ray Duran

    L.A. REAL ESTATE NETWORK GROUP

    (323) 974-5868

    1 in this area

    162 Total Sales

    Ray Duran
    Section Image

  • O

    Seller's Agent in 2016

    Oscar Morales

    OPTION ONE REALTY & INVESTMENT

    (626) 974-0453

    30 Total Sales

    Oscar Morales
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16105552

California Regional Multiple Listing Service (CRMLS)

APN: 5101-010-002

California Los Angeles County Los Angeles 90011 South Park

371 E 56th St, Los Angeles, CA

This home is located at 371 E 56th St, Los Angeles, CA 90011 since 08 July 2016 and is currently estimated at $660,829, approximately $676 per square foot. This property was built in 1922. 371 E 56th St is a home located in Los Angeles County with nearby schools including Estrella Elementary School, Los Angeles Academy Middle School, and Nava College Preparatory Academy.

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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