NOT LISTED FOR SALE

722 W 56th St Los Angeles, CA 90037

Vermont-Slauson Neighborhood

Estimated Value: $817,000 - $1,107,000

8 Beds
4 Baths
3,188 Sq Ft
$287/Sq Ft Est. Value

Last Sold December 19, 2012

Last sale price $335,000 $105 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $5,265/month

17 Days on Market

About This Home

As of December 2012

Very nice 2-story 4-plex. Off street parking at the rear of the building. Each unit has two bedrooms and one bath. Close to USC. This is a SHORT SALE.

Last Agent to Sell the Property

Rhonda Payne

Rodeo Realty- Brentwood License #00959668 Listed on: 07/23/2012

Rodeo Realty- Brentwood

Last Buyer's Agent

carole gillie

Compass License #00912938

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,082

Year Built

  • Built in 1964

Lot Details

  • 5,400

Home Design

  • 3,188 Sq Ft Home
  • Quadruplex
  • Traditional Architecture

Parking

  • 4 Parking Spaces
  • Uncovered Parking

Additional Features

  • Low Flow Toliet
  • 5,400 Sq Ft Lot
  • Sewer in Street

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 5001-019-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,082

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 3188
  • Year Built: 1964
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bathroom Features: Low Flow Toilet(s)
  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Price Per S Q F T: 93.79

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 4

Utilities

  • Sewer: In Street
  • Water Expense: 1360.00

Fee Information

  • Insurance Expense: 3738.00
  • Maintenance Expense: 1261.00
  • Other Expense: 163.00
  • Trash Expense: 1463.00

Lot Info

  • Assessed Improvement Percent: 30.51
  • Assessed Improvement Value: 190564
  • Assessed Land Percent: 69.49
  • Assessed Land Value: 472000
  • Total Assessed Value: 624627
  • Assessor Parcel Number: 5001-019-006
  • Lot Size Area: 5400

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 7.22
  • Number Of Units: 4
  • Total Annual Expense: 10658
  • Type Of Units: Quadruplex
  • Vacancy Rate: 100%

Tax Info

  • Tax Expense: 3905.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2021
Sold by
Chae Kyu Hwang and Chae Sunyoung S
Bought by
Shalom Land Llc
Current Estimated Value
$915,769

Purchase Details

Closed on
Aug 1, 2020
Sold by
Shalom Land Llc
Bought by
Chae Kyu Hwang and Chae Sunyoung S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2019
Sold by
Chae Kyu Hwang and Chae Sunyoung
Bought by
Shalom Land Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$553,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2018
Sold by
Chae Kyu Hwang
Bought by
Shalom Land Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2014
Sold by
Chae Kyu Hwang
Bought by
Shalom Land Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2014
Sold by
Shalom Land Llc
Bought by
Chae Kyu Hwang and Chae Sun Young

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2013
Sold by
Chae Kyu Hwang
Bought by
Shalom Land Llc

Purchase Details

Listed on
Jul 23, 2012
Closed on
Dec 13, 2012
Sold by
Roy Sean L
Bought by
Chae Kyu Hwang and Chae Sun Young Shelley
Seller's Agent
Rhonda Payne
Rodeo Realty- Brentwood
Buyer's Agent
carole gillie
Compass
List Price
$368,600
Sold Price
$335,000
Premium/Discount to List
-$33,600
-9.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.15%

Purchase Details

Closed on
Nov 17, 2005
Sold by
Barnett Gladys and Gladys Barnett Trust
Bought by
Roy Sean L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
1.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 4, 1994
Sold by
Barnett Gladys
Bought by
Barnett Gladys
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Shalom Land Llc -- None Listed On Document
Chae Kyu Hwang -- Stewart Title Of Ca Inc
Shalom Land Llc -- Stewart Title Wlv
Hwang Chae Kyu -- Stewart Title Of California
Shalom Land Llc -- Equity Title Company
Chae Kyu Hwang -- Equity Title
Shalom Land Llc -- None Available
Chae Kyu Hwang -- Western Resources Title
Shalom Land Llc -- None Available
Chae Kyu Hwang $335,000 California Title
Roy Sean L $590,000 California Title Company
Barnett Gladys -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chae Kyu Hwang $556,500
Previous Owner Hwang Chae Kyu $553,000
Previous Owner Chae Kyu Hwang $472,500
Previous Owner Chae Kyu Hwang $240,000
Previous Owner Roy Sean L $472,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2012 12/19/12 Sold $335,000 -9.1% $105 / Sq Ft
08/09/2012 08/09/12 Pending -- -- --
07/23/2012 07/23/12 For Sale $368,600 -- $116 / 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 $5,082 $389,813 $267,232 $122,581
2024 $5,082 $382,171 $261,993 $120,178
2023 $4,995 $374,678 $256,856 $117,822
2022 $4,780 $367,332 $251,820 $115,512
2021 $4,704 $360,131 $246,883 $113,248
2020 $4,745 $356,439 $244,352 $112,087
2019 $4,572 $349,451 $239,561 $109,890
2018 $4,477 $342,600 $234,864 $107,736
2016 $4,257 $329,298 $225,745 $103,553
2015 $4,198 $324,353 $222,355 $101,998
2014 $4,239 $318,000 $218,000 $100,000
Source: Public Records

Agents Affiliated with this Home

  • Rhonda Payne

    Seller's Agent in 2012

    Rhonda Payne

    Rodeo Realty- Brentwood

    (213) 503-5282

    22 Total Sales

    Rhonda Payne
    Section Image
  • carole gillie

    Buyer's Agent in 2012

    carole gillie

    Compass

    (310) 621-2699

    16 Total Sales

    carole gillie
    Section Image
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Map

Source: The MLS

MLS Number: 12-614471

The MLS

APN: 5001-019-006

California Los Angeles County Los Angeles 90037 Vermont-Slauson

722 W 56th St, Los Angeles, CA

This home is located at 722 W 56th St, Los Angeles, CA 90037 since 23 July 2012 and is currently estimated at $915,769, approximately $287 per square foot. This property was built in 1964. 722 W 56th St is a home located in Los Angeles County with nearby schools including Fifty-Second Street Elementary School, John Muir Middle School, and Augustus F. Hawkins High A Critical Design And Gaming.

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 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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