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1036 W 55Th St, Los Angeles, CA 90037
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1036 W 55Th St Los Angeles, CA 90037

$630,000 Sold Price as of 01/27/2023
  • 2 Beds
  • 2 Baths
  • 1,836 Sq.Ft.
Sold
$630,000 Sold Price as of 01/27/2023 Refinance Your Mortgage
Map preview of 1036 W 55Th St, Los Angeles, CA 90037

Property Overview: 1036 W 55Th St Los Angeles, CA has 2 bedrooms, 2 bathrooms, 1,836 living square feet and 5,877 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: DUPLEX priced to sell. Both Units are 1 bedroom and 1 Bathroom. This Property is just minutes away from DownTown, Staples Center, Convention Center, USC, Exposition Park, Great Schools and much more. This is an amazing fixer upper property with the potential for an owner occupied unit and renting the other, large family, developer/investor looking to renovate and to get great rental income or to sell for top dollar! Both units will be delivered vacant.

Listed by Mark King | BRE #02139777 | KW Advisors
Last checked: 12 minutes ago | Last updated: November 4th, 2023 | Source CRMLS | DOM: 52

Home details

Lot Sq. Ft
5,877
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22213499
City
Los Angeles
County
Los Angeles
Time on Site
567 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.4%
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: --
  • Net Operating Income: $44,400
  • Gross Operating Income: $44,400
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1036 W 55Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Fireplace Information
  • Has Fireplace
  • Bath, Bonus Room, Den, Dining Room, Family Room, Living Room, Master Bedroom
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway, Pull-through
Property Information
  • Total # of Units: 2
  • Parcel Number: 5002022006
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Take exit 19A from I-110 S Then Follow W 51st St and S Hoover St to W 55th St
View more facts & features

Local Los Angeles Agent

Sale History for 1036 W 55Th St

Last sold for $630,000 on January 27th, 2023

  • November, 2023

  • Nov 4, 2023

    Date

    Expired

    CRMLS: 23266833

    $865,000

    Price

  • May 3, 2023

    Date

    Active

    CRMLS: 23266833

    $950,000

    Price

  • Listing provided courtesy of CRMLS

    This property is the perfect to live in one of the units and rent out the other, with a 6.4 cap rate you can't help but get a solid return. One of the units are paying 3200 a month and the other unit is vacant. Both are 2 bedroom 1 baths with a BONUS room! The property comes with plenty of parking in the back and there is also an opportunity to potentially build an ADU and increase your income. Ten Minutes from USC you don't want to miss this great financial real estate investment.

  • January, 2023

  • Jan 27, 2023

    Date

    Sold

    CRMLS: 22213499

    $630,000

    Price

  • Oct 30, 2022

    Date

    Active

    CRMLS: 22213499

    $600,000

    Price

Show More

Tax History for 1036 W 55Th St

Assessed Value (2020): $47,470
Year Land Value Improved Value Assessed Value
2020 $29,334 $18,136 $47,470

Home Value Compared to the Market

This property vs the competition

1036 W 55Th St sold on January 27, 2023 for 36.97% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $408.5 per/sqft which puts the price per square foot 45.89% lower than the current median sale per square foot for the city of Los Angeles.

About 1036 W 55Th St

Detailed summary of property

1036 W 55Th St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 2 bedrooms, 2 bathrooms, roughly 1,836 living square feet, and sits on an approximately 5,877 square foot lot. 1036 W 55Th St was first listed on ArdentRealEstateGroup.com on October 31, 2022. The homeowner sold the property for $630,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 36.97% lower than the current median priced home. Local homes that are currently for sale include 440 W Gage Ave, 1496 W Vernon Ave and 232 W 49th St. While the average home in Los Angeles, CA is selling in 92 days, 1036 W 55Th St has a days on market of 52 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1036 W 55Th St Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1036 W 55Th St

Public county record property details
Beds
2
Baths
2
Year built
1921
Sq. Ft.
1,836
Lot Size
5,876
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
50
APN
5002-022-006

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$725,000
Median List Price/Sq.Ft.
$540
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
31
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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