Melissa Barlow
Responds Quickly
Elite Representation Real Estate
(424) 704-9071
44 Total Sales
2 in South Park
$732K - $1.1M Price Range
431 E 56th St Los Angeles, CA 90011
South Park NeighborhoodEstimated Value: $1,073,291
8
Beds
4
Baths
3,300
Sq Ft
$325/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
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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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
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
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
$273,291
Avg. Annual Appreciation
4.33%
Original Mortgage
$600,000
Interest Rate
3.4%
Mortgage Type
New Conventional
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
3.64%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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
7.72%
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Park, CA
-
Melissa Barlow
-
Gina Isaac
Gina Isaac
Responds QuicklyNourmand & Associates-HW
(424) 288-7115
54 Total Sales
1 in South Park
$800,000 Price
-
Silvestre Medel
Silvestre Medel
Excellence RE Real Estate, Inc.
(858) 256-8987
56 Total Sales
1 in South Park
$530,000 Price
-
Marvin Phillip
Marvin Phillip
Y Realty
(562) 740-8346
32 Total Sales
1 in South Park
$550,000 Price
-
Michelle Covington
Michelle Covington
Compass
(323) 416-3171
23 Total Sales
1 in South Park
$700,000 Price
-
Michele Steggell
Michele Steggell
Allianz Capital Group, Inc.
(657) 385-7371
46 Total Sales
1 in South Park
$570,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $107,000 | ||
| Open | Interiano Jose I Menendez | $607,500 | |
| Closed | Interiano Jose I Menendez | $600,000 | |
| Previous Owner | Tah 2015-1 Borrower Llc | $380,274,000 | |
| Previous Owner | Esquivel Guillermina | $556,000 | |
| Previous Owner | Lemus Maira Solis | $392,000 | |
| Previous Owner | Esquivel Andres | $275,674 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $10,960 | $892,410 | $557,756 | $334,654 |
| 2025 | $10,960 | $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
Seller's Agent in 2019
Jose Marin
Marin Realty Group
(951) 830-2967
182 Total Sales
-
Dawn MacLeod
Seller's Agent in 2013
Dawn MacLeod
TDC Pacific Properties Inc.
(800) 736-9634
19 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW19194154
APN: 5101-003-011
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.
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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