NOT LISTED FOR SALE

648 E 55th St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $596,000 - $707,000

2 Beds
2 Baths
1,440 Sq Ft
$452/Sq Ft Est. Value

Last Sold June 30, 2016

Last sale price $350,000 $243 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $3,834/month

14 Days on Market

Highlights

  • Living Room with Fireplace
  • Laundry Room
  • North Facing Home
  • Traditional Architecture
  • Tile Flooring
  • 3-minute walk to South Los Angeles Wetlands Park

About This Home

As of June 2016

Great opportunity to own this Side-by-Side Duplex! Each unit consists of two bedrooms and one bathroom, spacious kitchen with laundry area inside. This property shares driveway with next door neighbor. Property also offers a spacious backyard with an avocado and lemon trees, there's room to park up to six cars! Perfect investment opportunity, you can live in one and rent other. Both units will be delivered vacant at the close of escrow. Buyer to verify information. HIGHEST AND BEST TERMS ARE DUE: THURSDAY, MARCH 21TH BY 9:00AM

Last Agent to Sell the Property

Jackie Valenzuela

J Valen Real Estate Group License #01993360 Listed on: 04/12/2016

Last Buyer's Agent

Jackie Valenzuela

J Valen Real Estate Group License #01993360 Listed on: 04/12/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,440 Sq Ft Lot
  • North Facing Home
  • Back Yard

Home Design

  • Traditional Architecture
  • Stucco

Interior Spaces

  • 1,440 Sq Ft Home
  • 1-Story Property
  • Decorative Fireplace
  • Living Room with Fireplace

Kitchen

  • Oven or Range
  • Range

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Shared Driveway

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 5103-012-005

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 1440
  • Lot Acreage: 0.1250
  • Probate: No
  • Stories: 1
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Decorative, Living Room
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Range
  • Bedrooms: 2
  • Laundry: In Kitchen, Inside
  • Total Bathrooms: 2.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 218.06

Exterior Features

  • Direction Faces: North
  • Construction: Stucco
  • Other Features: Two On A Lot
  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No
  • View: No

Garage/Parking

  • Other Spaces: 6
  • Parking Garage: Shared Driveway, Uncovered
  • Total Parking: 6

Utilities

  • Water District: LADWP
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 47.00
  • Assessed Improvement Value: 144000
  • Assessed Land Value: 160000
  • Assessor Parcel Number: 5103-012-005
  • Geocode Override: No
  • Lot Description: Back Yard
  • Lot Size Area: 5440

Rental Info

  • Land Lease Type: Fee
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106
  • Number Of Units: 2
  • Rent Control: 100
  • Type Of Units: Side by side

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2016
Closed on
May 9, 2016
Sold by
Pmt Npl Financing 2014-1
Bought by
Galvez Gonzalo
Seller's Agent
Jackie Valenzuela
J Valen Real Estate Group
Buyer's Agent
Jackie Valenzuela
J Valen Real Estate Group
List Price
$314,000
Sold Price
$350,000
Premium/Discount to List
$36,000
11.46%
Current Estimated Value
$651,259

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,259
Avg. Annual Appreciation
6.75%
Original Mortgage
$262,500
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2014
Sold by
Pennymac Holdings Llc
Bought by
Pmt Npl Financing 2014-1

Purchase Details

Closed on
Nov 13, 2013
Sold by
Figueroa Eugenio
Bought by
Pennymac Holdings Llc

Purchase Details

Closed on
May 1, 2006
Sold by
Camacho Simon N
Bought by
Figueroa Eugenio

Purchase Details

Closed on
Jun 30, 2004
Sold by
Chavez Maria
Bought by
Camacho Simon N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,750
Interest Rate
4.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 19, 1999
Sold by
Chavez Maria
Bought by
Chavez Juan and Chavez Maria

Purchase Details

Closed on
May 20, 1997
Sold by
Chavez Maria
Bought by
Chavez Juan and Chavez Maria

Purchase Details

Closed on
Oct 14, 1996
Sold by
Cervantes Carlos
Bought by
Chavez Maria

Purchase Details

Closed on
Feb 9, 1996
Sold by
Chavez Juan
Bought by
Chavez Maria and Cervantes Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.99%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Galvez Gonzalo $350,000 Title 365
Pmt Npl Financing 2014-1 -- Servicelink
Pennymac Holdings Llc $249,000 Accommodation
Figueroa Eugenio -- None Available
Camacho Simon N $250,000 Stewart Title Of Ca Inc
Chavez Juan -- --
Chavez Juan -- --
Chavez Maria -- --
Chavez Maria -- California Counties Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Galvez Gonzalo $262,500
Previous Owner Camacho Simon N $224,750
Previous Owner Chavez Maria $115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2016 06/30/16 Sold $350,000 +11.5% $243 / Sq Ft
04/26/2016 04/26/16 Pending -- -- --
04/12/2016 04/12/16 For Sale $314,000 -- $218 / 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 $5,178 $414,324 $295,947 $118,377
2024 $5,178 $406,201 $290,145 $116,056
2023 $5,081 $398,237 $284,456 $113,781
2022 $4,849 $390,429 $278,879 $111,550
2021 $4,786 $382,774 $273,411 $109,363
2019 $4,646 $371,422 $265,302 $106,120
2018 $4,569 $364,140 $260,100 $104,040
2016 $3,866 $308,636 $162,440 $146,196
2015 $3,812 $304,000 $160,000 $144,000
2014 $3,311 $255,000 $180,000 $75,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jackie Valenzuela

    J Valen Real Estate Group

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Map

Source: The MLS

MLS Number: 16-115472

The MLS

APN: 5103-012-005

California Los Angeles County Los Angeles 90011 South Park

648 E 55th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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