Seller's Agent in 2024
Alvin Mullins
Your Home Team Real Estate
(714) 309-6287
1 in this area
259 Total Sales
408 E 56th St Los Angeles, CA 90011
South Park NeighborhoodEstimated Value: $1,002,000 - $1,103,581
8
Beds
4
Baths
2,560
Sq Ft
$414/Sq Ft
Est. Value
Highlights
- RV Access or Parking
- Modern Architecture
- No HOA
- Primary Bedroom Suite
- Private Yard
- 1-minute walk to South Los Angeles Wetlands Park
About This Home
As of April 2024Attention Investors 6.5 Cap Rate! This duplex was built in 2008 and features two 4 bedroom 2 bath units that are in good condition. The upstairs unit is in good condition with 4 bedrooms and 2 baths, an updated kitchen with granite counters and newer cabinets, the downstairs unit is the same floor plan and is also in good condition, both units have inside laundry hook ups, the property has a long gated driveway with a large two car detached finished garage and parking for multiple other cars in the rear, the property is close to the 105, 10 and 110 freeways, USC, downtown, Mid city and lots of shopping. Expenses for water and insurance are estimated. We also have another duplex for sale with the same Cap Rate, floor plan built in 2008 at 238 E 73rd Street. Total gross income $79,000, total expenses $13,975, buyer accepts responsibility for verifying all information including expenses and income.
Last Agent to Sell the Property
Your Home Team Real Estate Brokerage Phone: 562-619-9595 License #01128308 Listed on: 01/10/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2010
Lot Details
- 5,096 Sq Ft Lot
- 1 Common Wall
- Block Wall Fence
- Level Lot
- Private Yard
- Back and Front Yard
Parking
- 2 Car Garage
- Parking Available
- Front Facing Garage
- Two Garage Doors
- Garage Door Opener
- Driveway Level
- RV Access or Parking
Home Design
- Duplex
- Modern Architecture
- Entry on the 1st floor
- Turnkey
- Slab Foundation
- Shingle Roof
- Composition Roof
- Stucco
Interior Spaces
- 2,560 Sq Ft Home
- 1-Story Property
- Living Room
- Laminate Flooring
- Neighborhood Views
- Gas Range
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- Primary Bedroom Suite
- 4 Bathrooms
Additional Features
- Exterior Lighting
- Central Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 19 / C
- Tax Tract Number 55555
- Assessor Parcel Number 5101004014
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $900
- Trash Expense $600
- Water Sewer Expense $600
- New Taxes Expense $11,875
- Operating Expense $13,975
- Gross Income $72,624
- Net Operating Income $65,105
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 10, 2024
Closed on
Apr 14, 2024
Sold by
Kang Naru
Bought by
Choi Byung Il
Seller's Agent
Alvin Mullins
Your Home Team Real Estate
Buyer's Agent
Jimmy Kim
First Team Real Estate
List Price
$949,900
Sold Price
$949,900
Views
47
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
$109,495
Avg. Annual Appreciation
6.55%
Original Mortgage
$665,000
Outstanding Balance
$655,064
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$404,331
Purchase Details
Closed on
Feb 14, 2024
Sold by
Ho Minh Q and Ho Mary Kim
Bought by
Chet Byung Il
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Outstanding Balance
$655,064
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$404,331
Purchase Details
Closed on
May 19, 2010
Sold by
Seacliff Properties Inc
Bought by
Ho Minh Q
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.68%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 26, 2009
Sold by
Us Bank National Association
Bought by
Seacliff Properties Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.25%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Jan 8, 2009
Sold by
Sudds Rebecca
Bought by
Us Bank National Association
Purchase Details
Closed on
Feb 2, 2006
Sold by
Sudds Rebecca
Bought by
Sudds Rebecca and Hairston Margaret
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
7.5%
Mortgage Type
Balloon
Purchase Details
Closed on
Oct 29, 2004
Sold by
Rebecca Sudds Revocable Living Trust
Bought by
Sudds Rebecca
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 23, 1998
Sold by
Sudds Rebecca
Bought by
The Rebecca Sudds Revocable Living Trust
Purchase Details
Closed on
Nov 20, 1998
Sold by
Sudds Alonzo
Bought by
Sudds Rebecca
Create a Home Valuation Report for This Property
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 |
|---|---|---|---|
| Choi Byung Il | -- | Fidelity Title | |
| Chet Byung Il | $950,000 | Fidelity National Title | |
| Ho Minh Q | $480,000 | Lawyers Title | |
| Seacliff Properties Inc | $90,000 | Ticor Title Company | |
| Us Bank National Association | $157,653 | Accommodation | |
| Sudds Rebecca | -- | First American Title Company | |
| Sudds Rebecca | -- | First American Title Company | |
| The Rebecca Sudds Revocable Living Trust | -- | -- | |
| Sudds Rebecca | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Choi Byung Il | $665,000 | |
| Previous Owner | Ho Minh Q | $360,000 | |
| Previous Owner | Seacliff Properties Inc | $350,000 | |
| Previous Owner | Sudds Rebecca | $315,000 | |
| Previous Owner | Sudds Rebecca | $165,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/17/2024 04/17/24 | Sold | $949,900 | 0.0% | $371 / Sq Ft |
| 01/10/2024 01/10/24 | For Sale | $949,900 | -- | $371 / 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 |
|---|---|---|---|---|
| 2025 | $7,611 | $969,000 | $408,000 | $561,000 |
| 2024 | $7,611 | $602,895 | $131,879 | $471,016 |
| 2023 | $7,468 | $591,075 | $129,294 | $461,781 |
| 2022 | $7,126 | $579,486 | $126,759 | $452,727 |
| 2021 | $7,029 | $568,124 | $124,274 | $443,850 |
| 2019 | $6,821 | $551,275 | $120,589 | $430,686 |
| 2018 | $6,739 | $540,467 | $118,225 | $422,242 |
| 2016 | $6,424 | $519,482 | $113,635 | $405,847 |
| 2015 | $6,332 | $511,680 | $111,929 | $399,751 |
| 2014 | $6,361 | $501,658 | $109,737 | $391,921 |
Source: Public Records
Agents Affiliated with this Home
-
Alvin Mullins
-
Jimmy Kim
Buyer's Agent in 2024
Jimmy Kim
First Team Real Estate
(714) 349-1010
1 in this area
42 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS24000946
APN: 5101-004-014
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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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