NOT LISTED FOR SALE

3821 E 55th St Maywood, CA 90270

Estimated Value: $820,000 - $886,000

5 Beds
4 Baths
2,148 Sq Ft
$394/Sq Ft Est. Value

Last Sold June 14, 2024

Last sale price $773,800 $360 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,774/month

49 Days on Market

About This Home

As of June 2024

We are pleased to present 3821 E 55th Street, a 2-unit multifamily investment property located in the city of Maywood. The front unit features 3-bedrooms and 2-bathrooms built in 1923 and the rear unit features 2-bedrooms 1.5-bathrooms built in 1986. Brand new roof was installed in 2024 and the property is separately metered for gas and electricity. Parking includes 3 single car garages. Property has a certificate for the EPA lead clean up. No units will be delivered vacant. There will be no showings. Buyer shall conduct their physical inspection once an offer is accepted. BUYER TO VERIFY UNIT MIX AND SQUARE FOOTAGE WITH THE CITY OF MAYWOOD.

Last Agent to Sell the Property

Nicholas Petrosian

Remax Commercial and Investment Realty License #01462598 Listed on: 04/02/2024

Remax Commercial and Investment Realty

Last Buyer's Agent

Armando Rivas

24 Hour Real Estate License #01760869

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,749 Sq Ft Lot
  • Lot Dimensions are 41x145

Parking

  • 1 Car Garage

Interior Spaces

  • 2,148 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 6312-010-026

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 2148
  • Lot Acreage: 0.1320
  • Lot Dimensions: 41x145
  • Stories: 2
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 372.44

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 1 Car
  • Total Parking: 3

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 92.47
  • Assessed Improvement Value: 238046
  • Assessed Land Percent: 7.53
  • Assessed Land Value: 19374
  • Total Assessed Value: 257420
  • Assessor Parcel Number: 6312-010-026
  • Lot Size Area: 5749

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 26.20
  • Number Of Units: 2
  • Type Of Units: Multifamily

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2024
Closed on
Jun 7, 2024
Sold by
W & E Properties Llc
Bought by
Cortez Julio and Cortez Janet
Seller's Agent
Nicholas Petrosian
Remax Commercial and Investment Realty
Buyer's Agent
Armando Rivas
24 Hour Real Estate
List Price
$850,000
Sold Price
$773,800
Premium/Discount to List
-$76,200
-8.96%
Views
93
Current Estimated Value
$846,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,946
Avg. Annual Appreciation
5.94%
Original Mortgage
$619,040
Outstanding Balance
$611,438
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$235,308

Purchase Details

Closed on
Sep 9, 2009
Sold by
Wagner Wilmot E and Wagner Elaine W
Bought by
W & E Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,700
Interest Rate
5.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2007
Sold by
Wagner Wilmot E and Wagner Elaine G
Bought by
W & E Properties Llc

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
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2003
Sold by
Wagner Wilmot E and Wagner Elaine W
Bought by
W & E Properties Llc
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
Cortez Julio $774,000 Chicago Title Company
W & E Properties Llc -- Accommodation
Wagner Wilmot E -- Accommodation
W & E Properties Llc -- Capital Title Agency Inc
Wagner Wilmot E -- Capital Title Agency Inc
W & E Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cortez Julio $619,040
Previous Owner Wagner Wilmot E $402,700
Previous Owner Wagner Wilmot E $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2024 06/14/24 Sold $773,800 -3.3% $360 / Sq Ft
05/21/2024 05/21/24 Pending -- -- --
04/30/2024 04/30/24 Price Changed $800,000 -5.9% $372 / Sq Ft
04/02/2024 04/02/24 For Sale $850,000 -- $396 / Sq Ft
Source: The MLS

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 $4,212 $789,276 $408,000 $381,276
2024 $4,212 $262,567 $19,761 $242,806
2023 $4,144 $257,420 $19,374 $238,046
2022 $3,928 $252,374 $18,995 $233,379
2021 $3,870 $247,426 $18,623 $228,803
2020 $3,988 $244,890 $18,433 $226,457
2019 $3,754 $240,089 $18,072 $222,017
2018 $3,622 $235,382 $17,718 $217,664
2016 $3,386 $226,244 $17,031 $209,213
2015 $3,199 $222,847 $16,776 $206,071
2014 $3,202 $218,483 $16,448 $202,035
Source: Public Records

Agents Affiliated with this Home

  • Nicholas Petrosian

    Seller's Agent in 2024

    Nicholas Petrosian

    RE/MAX

    (949) 607-7096

    3 in this area

    50 Total Sales

    Nicholas Petrosian
    Section Image

  • A

    Buyer's Agent in 2024

    Armando Rivas

    24 Hour Real Estate

    (562) 619-2409

    1 in this area

    32 Total Sales

    Armando Rivas
    Section Image
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Map

Source: The MLS

MLS Number: 24-375667

The MLS

APN: 6312-010-026

California Los Angeles County Maywood 90270

3821 E 55th St, Maywood, CA

Not Listed for Sale

MultiFamily

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