Seller's Agent in 2019
Jose Marin
Marin Realty Group
(951) 830-2967
173 Total Sales
431 E 56th St Los Angeles, CA 90011
South Park NeighborhoodEstimated Value: $974,000 - $1,246,000
8
Beds
4
Baths
3,300
Sq Ft
$341/Sq Ft
Est. Value
Highlights
- Private Yard
- Double Pane Windows
- 2-minute walk to South Los Angeles Wetlands Park
About This Home
As of October 2019Fantastic Investment opportunity!!!! This well maintained apartment building consists of 4 units, each unit consists of 2 bedrooms and 1 bath. Don't miss out on a Bread and Butter income property opportunity! This 4-unit building offers upside rent potential, 1 vacant unit
upon closing, and separately metered units for gas and electric. Attractive and spacious layouts are offered in each of the 4 identical 2 bed,1 bath units.
The top floor (Unit #3) unit will be vacant at closing, and offers laminate wood flooring throughout. Conveniently located in downtown LA , close to shopping, museums, Staples Center, LA
Convention Center, USC, 110 and 10 Freeways and LA 's Fashion District. A side from the central location, this property features
abundant onsite, fresh exterior paint, dual pane windows, 4 parking spaces in back, and a long driveway. Individual Electric and Gas meters. Please do not disturb tenants.
No warranties expressed or implied. Buyer to verify and satisfy on all aspects of the property such as, but not limited to permits,
rent control, bed/bath count, square footage, legality, etc.
Last Agent to Sell the Property
Marin Realty Group License #01753895 Listed on: 08/14/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964 | Remodeled
Lot Details
- 5,299 Sq Ft Lot
- Two or More Common Walls
- Private Yard
Home Design
- Property Attached
Interior Spaces
- 3,300 Sq Ft Home
- 2-Story Property
- Double Pane Windows
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- Parking Available
- Driveway
Listing and Financial Details
- Legal Lot and Block 10 / B
- Assessor Parcel Number 5101003011
Community Details
Overview
- 4 Units
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $800
- Insurance Expense $2,500
- New Taxes Expense $7,359
- Operating Expense $10,659
- Gross Income $77,904
- Net Operating Income $66,645
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 14, 2019
Closed on
Sep 3, 2019
Sold by
Tah 2015 1 Borrower Llc
Bought by
Interiano Jose I Menendez and Morejon Sandra
Seller's Agent
Jose Marin
Marin Realty Group
Buyer's Agent
Jose Marin
Marin Realty Group
List Price
$735,000
Sold Price
$800,000
Premium/Discount to List
$65,000
8.84%
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
$325,690
Avg. Annual Appreciation
5.62%
Original Mortgage
$600,000
Outstanding Balance
$523,374
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$602,316
Purchase Details
Closed on
May 12, 2015
Sold by
Turnstone Holding I Lp
Bought by
Tah 2015-1 Borrower Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,274,000
Interest Rate
3.77%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 30, 2013
Sold by
Turnstone Holding I Lp
Bought by
Turnstone Holding I Lp
Purchase Details
Listed on
Dec 3, 2012
Closed on
Feb 6, 2013
Sold by
Sovereing Ventures Inc
Bought by
Turnstone Holding I Lp
Seller's Agent
Dawn MacLeod
TDC Pacific Properties Inc.
Buyer's Agent
Dawn MacLeod
TDC Pacific Properties Inc.
List Price
$406,000
Sold Price
$390,000
Premium/Discount to List
-$16,000
-3.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.55%
Purchase Details
Closed on
Nov 21, 2012
Sold by
Esquivel Guillermina
Bought by
Sovereign Ventures Inc
Purchase Details
Closed on
Feb 5, 2007
Sold by
Lemus Maira Solis and Esquivel Guillermina
Bought by
Esquivel Guillermina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,000
Interest Rate
6.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 26, 2002
Sold by
Ledesma Jose R and Ledesma Rosa
Bought by
Esquivel Andres
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,674
Interest Rate
6.17%
Mortgage Type
FHA
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 |
|---|---|---|---|
| Interiano Jose I Menendez | $800,000 | Stewart Title Of Ca Inc | |
| Tah 2015-1 Borrower Llc | -- | Fidelity Natl Title Group | |
| Turnstone Holding I Lp | -- | None Available | |
| Turnstone Holding I Lp | $390,000 | Provident Title Company | |
| Sovereign Ventures Inc | -- | None Available | |
| Esquivel Guillermina | -- | Southland Title | |
| Esquivel Andres | $280,000 | American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Interiano Jose I Menendez | $600,000 | |
| Previous Owner | Tah 2015-1 Borrower Llc | $380,274,000 | |
| Previous Owner | Esquivel Guillermina | $556,000 | |
| Previous Owner | Esquivel Andres | $275,674 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/16/2019 10/16/19 | Sold | $800,000 | 0.0% | $242 / Sq Ft | |
| 08/21/2019 08/21/19 | Pending | -- | -- | -- | |
| 08/19/2019 08/19/19 | Off Market | $800,000 | -- | -- | |
| 08/14/2019 08/14/19 | For Sale | $735,000 | +88.5% | $223 / Sq Ft | |
| 02/13/2013 02/13/13 | Sold | $390,000 | -3.9% | $118 / Sq Ft | View Prior Sale |
| 01/25/2013 01/25/13 | Pending | -- | -- | -- | |
| 12/03/2012 12/03/12 | For Sale | $406,000 | -- | $123 / 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 | $10,800 | $874,913 | $546,820 | $328,093 |
| 2024 | $10,800 | $857,759 | $536,099 | $321,660 |
| 2023 | $10,595 | $840,941 | $525,588 | $315,353 |
| 2022 | $10,110 | $824,453 | $515,283 | $309,170 |
| 2021 | $9,975 | $808,288 | $505,180 | $303,108 |
| 2019 | $5,527 | $594,716 | $303,823 | $290,893 |
| 2018 | $7,359 | $583,056 | $297,866 | $285,190 |
| 2016 | $7,012 | $560,417 | $286,300 | $274,117 |
| 2015 | $5,096 | $399,597 | $204,922 | $194,675 |
| 2014 | $5,137 | $391,770 | $200,908 | $190,862 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Marin
-
Dawn MacLeod
Seller's Agent in 2013
Dawn MacLeod
TDC Pacific Properties Inc.
(800) 736-9634
21 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW19194154
APN: 5101-003-011
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