NOT LISTED FOR SALE

4031 E 56th St Maywood, CA 90270

Estimated Value: $559,000 - $771,000

2 Beds
2 Baths
856 Sq Ft
$791/Sq Ft Est. Value

Last Sold March 03, 2022

Last sale price $500,000 $584 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,281/month

4 Days on Market

About This Home

As of March 2022

PLEASE DO NOT DISTURB TENANTS. Submit offer subject to interior inspection. Great opportunity for owner occupant or as an investment property. Can be sold together with neighboring property 4027 E 56th St MLS# PW22008961 for a total of $1,350,000. Seller intends to perform an IRC Section 1031 tax-deferred exchange. Both properties are R3 lots, per city can build up to 4 units on each parcel, buyer to verify. Income upside potential, month to month tenants are all long term and will be delivered occupied. Each unit has a separate gas meter and electrical meter. NO FHA.

Last Agent to Sell the Property

Michelle Gonzalez

Re/Max Top Producers License #01427179 Listed on: 01/19/2022

Re/Max Top Producers

Last Buyer's Agent

Michelle Gonzalez

Re/Max Top Producers License #01427179 Listed on: 01/19/2022

Re/Max Top Producers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 9,371 Sq Ft Lot
  • No Common Walls
  • Value in Land

Parking

  • 2 Car Garage
  • Parking Available
  • RV Access or Parking

Home Design

  • 856 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 1088
  • Tax Tract Number 3544
  • Assessor Parcel Number 6312014023
  • $692 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Gross Income $18,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: MYR3YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6312014023
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 584.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: RV Access/Parking
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Value In Land
  • Lot Size Sq Ft: 9371.00
  • Lot Size Acres: 0.2151

Multi Family

  • Gross Income: 18000.00
  • Gross Scheduled Income: 18000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 9371.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5334.02
  • Tax Lot: 1088
  • Tax Tract Number: 3544
  • TaxOtherAnnualAssessmentAmount: 692.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2022
Closed on
Feb 7, 2022
Sold by
Ochoa Herrera Elena
Bought by
Farias Pedro
Seller's Agent
Michelle Gonzalez
Re/Max Top Producers
Buyer's Agent
Michelle Gonzalez
Re/Max Top Producers
List Price
$600,000
Sold Price
$500,000
Premium/Discount to List
-$100,000
-16.67%
Current Estimated Value
$677,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,111
Avg. Annual Appreciation
8.31%

Purchase Details

Closed on
Feb 9, 2012
Sold by
Barton Glenn J
Bought by
Barton Glenn James and Glenn James Barton Revocable T

Purchase Details

Closed on
May 1, 1996
Sold by
Barton Jerilynn
Bought by
Barton Glenn J and Barton Jerilynn

Purchase Details

Closed on
Apr 4, 1996
Sold by
Rauth Rosaline Deasee and Rauth Rosaline D
Bought by
Barton Jerilynn
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
Farias Pedro -- New Title Company Name
Barton Glenn James -- None Available
Barton Glenn J -- --
Barton Jerilynn -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2022 03/03/22 Sold $500,000 -16.7% $584 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
01/19/2022 01/19/22 For Sale $600,000 -- $701 / 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 $8,797 $636,724 $562,440 $74,284
2024 $8,797 $624,240 $551,412 $72,828
2023 $8,643 $612,000 $540,600 $71,400
2022 $1,262 $44,286 $24,222 $20,064
2021 $1,244 $43,419 $23,748 $19,671
2020 $1,244 $42,975 $23,505 $19,470
2019 $1,214 $42,134 $23,045 $19,089
2018 $1,103 $41,309 $22,594 $18,715
2016 $987 $39,707 $21,717 $17,990
2015 $949 $39,111 $21,391 $17,720
2014 $959 $38,345 $20,972 $17,373
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22008965

California Regional Multiple Listing Service (CRMLS)

APN: 6312-014-023