NOT LISTED FOR SALE

718 E 55th St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $737,000 - $892,000

7 Beds
5 Baths
2,047 Sq Ft
$400/Sq Ft Est. Value

Last Sold June 19, 2015

Last sale price $435,000 $213 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $4,833/month

16 Days on Market

Highlights

  • Private Yard
  • Wall Furnace
  • 5-minute walk to South Los Angeles Wetlands Park
  • Laundry Room

About This Home

As of June 2015

Nice three units with long driveway and garage. Three bedrooms front house and 2-2 bedrooms units, back unit is divided into 2-1 bdms units. Property is producing income of three units and the other unit is owner occupied. Property was remodeled about five years ago, brick front fence, parking for 4 cars.

Last Agent to Sell the Property

Ana Velasquez

Ana Velasquez, Broker License #00867329 Listed on: 03/04/2015

Last Buyer's Agent

Cesar Avila

UNITED BROKERS REALTY License #01771206

UNITED BROKERS REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 5,440 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • 2,047 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 44
  • Tax Tract Number 5144
  • Assessor Parcel Number 5103011011

Community Details

Overview

  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $1,100
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $2,818
  • Gross Income $2,935
  • Net Operating Income $26,502

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 2400.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 5103011011
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 212.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 5440.00
  • Lot Size Acres: 0.1250

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 2935.00
  • Gross Scheduled Income: 35220.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 5440.0000 Square Feet
  • Net Operating Income: 26502.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 8718.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 2818.00
  • Tax Lot: 44
  • Tax Tract Number: 5144
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 2015
Sold by
Martinez Blanca D and Montalvo Lazaro Enriquez
Bought by
Ramireddy Madhu Kiran
Current Estimated Value
$819,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,121
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 25, 2015
Sold by
Montalvo Guillermina
Bought by
Montalvo Lazaro Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,121
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 20, 2014
Sold by
Montalvo Martinez Blanca D and Montalvo Oviedo Arturo
Bought by
Martinez Blanca D and Montalvo Lazaro Enrique

Purchase Details

Closed on
Jun 12, 2007
Sold by
Oviedo Arturo Montalvo and Martinez Blanca D
Bought by
Montalvo Martinez Blanca D and Montalvo Oviedo Arturo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
6.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2000
Sold by
Trust Butler Clarence Jr Co Tr Butler Fa and Butler Bernadine V
Bought by
Oviedo Arturo Montalvo and Martinez Blanca D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,618
Interest Rate
8.55%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 1, 1996
Sold by
Butler Clarence and Butler Bernadine V
Bought by
Butler Clarence and Butler Bernadine V
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
Ramireddy Madhu Kiran $435,000 Orange Coast Title Company
Montalvo Lazaro Enrique -- Orange Coast Title
Martinez Blanca D -- None Available
Montalvo Martinez Blanca D -- Accommodation
Oviedo Arturo Montalvo $169,000 Orange Coast Title
Butler Clarence -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramireddy Madhu Kiran $427,121
Previous Owner Montalvo Martinez Blanca D $335,000
Previous Owner Oviedo Arturo Montalvo $167,618
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2015 06/19/15 Sold $435,000 0.0% $213 / Sq Ft
03/20/2015 03/20/15 Pending -- -- --
03/04/2015 03/04/15 For Sale $435,000 -- $213 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,487 $522,794 $216,328 $306,466
2024 $6,487 $512,544 $212,087 $300,457
2023 $6,365 $502,495 $207,929 $294,566
2022 $6,075 $492,643 $203,852 $288,791
2021 $5,994 $482,984 $199,855 $283,129
2020 $6,049 $478,032 $197,806 $280,226
2019 $5,817 $468,660 $193,928 $274,732
2018 $5,711 $459,472 $190,126 $269,346
2016 $5,445 $441,633 $182,745 $258,888
2015 $2,790 $211,875 $87,758 $124,117
2014 -- $207,725 $86,039 $121,686
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2015

    Ana Velasquez

    Ana Velasquez, Broker

    (562) 690-5801

    3 Total Sales

    Ana Velasquez
    Section Image

  • C

    Buyer's Agent in 2015

    Cesar Avila

    UNITED BROKERS REALTY

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS15045924

California Regional Multiple Listing Service (CRMLS)

APN: 5103-011-011

California Los Angeles County Los Angeles 90011 South Park

718 E 55th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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