NOT LISTED FOR SALE

5055 W 59th St Los Angeles, CA 90056

Ladera Heights Neighborhood

Estimated Value: $1,834,000 - $2,771,000

6 Beds
6 Baths
4,961 Sq Ft
$446/Sq Ft Est. Value

Last Sold August 03, 2021

Last sale price $2,000,000 $403 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $13,871/month

20 Days on Market

About This Home

As of August 2021

A rare opportunity to own a beautiful triplex in most desirable Ladera Heights. 3 spacious updated 2 bedroom 2 bathroom units approximately 1,600 sqft each. Updated kitchens with granite counter tops, large living room with formal dining area. Eat-in breakfast area, Washer and dryer hookup in each unit. Upstairs unit has views of the city lights and a large balcony. Bedrooms feature walk-in closets, and each unit has a private two car garage. Front unit will be delivered vacant, great for owner occupancy.

Last Agent to Sell the Property

Norma Streams

Rodeo Realty- Brentwood License #00522582 Listed on: 05/19/2021

Rodeo Realty- Brentwood

Last Buyer's Agent

Joseph Soaris

Keller Williams Los Angeles License #01073001

Keller Williams Los Angeles

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,919

Year Built

  • Built in 1959

Lot Details

  • 8,507

Parking

  • 6 Parking Spaces

Home Design

  • 4,961 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating

Additional Features

  • Stacked Washer and Dryer Hookup
  • 8,507 Sq Ft Lot

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4001-032-019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,919

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4961
  • Lot Acreage: 0.1953
  • Year Built: 1959
  • Number Of Photos: 28
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 6.00
  • Equipment: Gas Dryer Hookup, Stackable W/D Hookup
  • Price Per S Q F T: 403.14

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 2 Car
  • Total Parking: 6

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 562440
  • Assessed Land Percent: 60
  • Assessed Land Value: 843660
  • Total Assessed Value: 1406100
  • Assessor Parcel Number: 4001-032-019
  • Lot Size Area: 8507

Rental Info

  • Total Actual Rent: 74400.00

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 17700.00
  • Number Of Units: 3
  • Total Annual Expense: 3000
  • Type Of Units: Apartments
  • Vacancy Rate: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2021
Closed on
Jun 9, 2021
Sold by
Hill Richard
Bought by
Phillips Roderick P and Phillips Melissa
Seller's Agent
Norma Streams
Rodeo Realty- Brentwood
Buyer's Agent
Joseph Soaris
Keller Williams Los Angeles
List Price
$2,000,000
Sold Price
$2,000,000
Current Estimated Value
$2,213,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,560
Avg. Annual Appreciation
1.35%
Original Mortgage
$1,500,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 5, 2016
Closed on
Sep 22, 2016
Sold by
Hill Trudell
Bought by
Hill Richard
Seller's Agent
Brian Bush
Bush Properties, Inc.
Buyer's Agent
Norma Streams
Rodeo Realty- Brentwood
List Price
$1,395,000
Sold Price
$1,325,000
Premium/Discount to List
-$70,000
-5.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.86%
Original Mortgage
$1,284,000
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 5, 2016
Closed on
Aug 11, 2016
Sold by
Hatchel David B
Bought by
Hill Richard
Seller's Agent
Brian Bush
Bush Properties, Inc.
Buyer's Agent
Norma Streams
Rodeo Realty- Brentwood
List Price
$1,395,000
Sold Price
$1,325,000
Premium/Discount to List
-$70,000
-5.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,284,000
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 2013
Sold by
Zeller Virginia V
Bought by
The Zeller Living Trust

Purchase Details

Closed on
Jun 16, 1994
Sold by
Zeller Albert E and Zeller Virginia V
Bought by
Zeller

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,000
Interest Rate
4.37%
Source: Public Records

Range of Values:

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Average Value
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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
Phillips Roderick P $2,000,000 Lawyers Title Company
Hill Richard -- Chicago Title Company
Hill Richard $1,325,000 Chicago Title Company
The Zeller Living Trust -- None Available
Zeller -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Phillips Roderick P $1,500,000
Previous Owner Hill Richard $950,000
Previous Owner Hill Richard $1,284,000
Previous Owner Hatchel David B $204,771
Previous Owner Zeller $371,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2021 08/03/21 Sold $2,000,000 0.0% $403 / Sq Ft
06/08/2021 06/08/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $2,000,000 +50.9% $403 / Sq Ft
09/27/2016 09/27/16 Sold $1,325,000 -5.0% $267 / Sq Ft
08/02/2016 08/02/16 Pending -- -- --
07/05/2016 07/05/16 For Sale $1,395,000 -- $281 / 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 $24,919 $2,122,416 $1,591,812 $530,604
2024 $24,919 $2,080,800 $1,560,600 $520,200
2023 $24,434 $2,040,000 $1,530,000 $510,000
2022 $25,019 $2,000,000 $1,500,000 $500,000
2021 $18,497 $1,420,666 $852,400 $568,266
2020 $17,618 $1,406,100 $843,660 $562,440
2019 $17,345 $1,378,530 $827,118 $551,412
2018 $17,332 $1,351,500 $810,900 $540,600
2016 $5,770 $372,317 $104,450 $267,867
2015 $5,727 $366,726 $102,882 $263,844
2014 $5,740 $359,543 $100,867 $258,676
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2021

    Norma Streams

    Rodeo Realty- Brentwood

    (310) 428-5164

    8 in this area

    21 Total Sales

    Norma Streams
    Section Image

  • J

    Buyer's Agent in 2021

    Joseph Soaris

    Keller Williams Los Angeles

    (310) 862-1797

    1 in this area

    18 Total Sales

    Joseph Soaris
    Section Image

  • B

    Seller's Agent in 2016

    Brian Bush

    Bush Properties, Inc.

    (310) 293-8095

    3 Total Sales

    Brian Bush
    Section Image
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Map

Source: The MLS

MLS Number: 21-734232

The MLS

APN: 4001-032-019

California Los Angeles County Los Angeles 90056 Ladera Heights

5055 W 59th St, Los Angeles, CA

This home is located at 5055 W 59th St, Los Angeles, CA 90056 since 19 May 2021 and is currently estimated at $2,213,560, approximately $446 per square foot. This property was built in 1959. 5055 W 59th St is a home located in Los Angeles County with nearby schools including Parent (Frank D.) Elementary School, Inglewood High School, and La Tijera K-8 Charter School Academy of Excellence.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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