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1230 E 56th St, Los Angeles, CA 90011
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1230 E 56th St Los Angeles, CA 90011

$559,000 Sold Price as of 01/03/2020
  • 6 Beds
  • 4 Baths
  • 2,080 Sq.Ft.
Sold
$559,000 Sold Price as of 01/03/2020 Refinance Your Mortgage
Map preview of 1230 E 56th St, Los Angeles, CA 90011

Property Overview: 1230 E 56th St Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,080 living square feet and 5,398 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 3 units total, 4 bedrooms 2 bath unit in the front. 2 0ne bedroom units in the rear each of them with 1 bath. A small area in the rear of units for tenants. Parking in the driveway. Bonus! there is an unfinished basement below the front unit. One of the 1 bedroom 1 bath in the rear is vacant. The Rental potential is over 4,000.00. Seller will Credit 10,000.00 towards assisting in any relocation cost of the present tenants at the close of escrow. Seller is motivated and ready for negotiations!

Listed by Ray Bennett | BRE #00560298 | TREC Lending Inc.
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 54

Home details

Lot Sq. Ft
5,398
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
SB19193410
City
Los Angeles
County
Los Angeles
Time on Site
1346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Leased Units: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,190
  • Total Rent: $1,190
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $790
  • Total Rent: $790
  • Pro Forma/Market Rent: $1,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $35,229
  • Net Operating Income: $26,269
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $8,960
  • Gas/Fuel: $0
  • New Taxes: $2,000
  • Trash: $0
  • Gardener: $600
  • Insurance: $3,000
  • Professional Management: $3,360

Property Details for 1230 E 56th St

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Room Information
  • Flooring: Carpet
  • Basement
Interior Features
  • Unfurnished
  • Levels: One
  • Security Features: Smoke Detector(s), Window Bars
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5104023011
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Sewer Connected
Location / Neighborhood
Location Information
  • Directions: 56 St. between Hooper and Central
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1230 E 56th St

Last sold for $559,000 on January 3rd, 2020

  • August, 2021

  • Aug 9, 2021

    Date

    Active

    CRMLS: IN21175414

    $749,900

    Price

  • Listing provided courtesy of CRMLS

    Diamond in the Rough. Property feature 3 units on 1 lot. The units are all free standing(no common walls). Front units consist of 4 Bedrooms 2 bath and a rarely found in LA, basement which presents lots of options; The Rear units are side by side. One consist of 2 br., 1 ba, the other 1 br., 1 ba. Two of the 3 units are dated and need some TLC is needed. The 2 Br., 1 ba has some upgrades. The priority has tremendous potential. All three units are occupied with long term tenants. The property will be delivered with tenants in place.

  • August, 2021

  • Aug 6, 2021

    Date

    Withdrawn

    CRMLS: OC21115275

    $775,000

    Price

  • May 28, 2021

    Date

    Active

    CRMLS: OC21115275

    $775,000

    Price

  • Listing provided courtesy of CRMLS

    Great Income property consisting of 3 units on 1 lot with allot of upside in the heart of Los Angeles. Close to all freeways and Downtown LA. Units consist of large 4 bedroom +2 bath, 1-2bedroom+1 bath that was recently renovated with permits and 1-1 bedroom +1bath. All tenants are paying rent. Offers should be sent to my PA-ART Richardson . All offers should include Loan Pre-Approval , source of down payment and are subject to interior inspection.

  • April, 2021

  • Apr 2, 2021

    Date

    Canceled

    CRMLS: DW21030042

    $749,000

    Price

  • Mar 30, 2021

    Date

    Withdrawn

    CRMLS: DW21030042

    $749,000

    Price

  • Feb 21, 2021

    Date

    Active

    CRMLS: DW21030042

    $749,000

    Price

  • Listing provided courtesy of CRMLS

    Have your money make you money! Three detached, casita units available. The front unit is a 4/2. This unit has an unfinished basement which can be converted into a laundry room. There is extra income potential with a laundry room. There are two units in the back. One is a 2/1 (converted and upgraded with permits last year). The other unit is a 1/1. Tenants are month to month and rents are up to date. Current rents are below market value. These units are very close to the coliseum, the new LAFC stadium, and USC.

  • January, 2020

  • Jan 13, 2020

    Date

    Sold

    CRMLS: SB19193410

    $559,000

    Price

  • Nov 7, 2019

    Date

    Pending

    CRMLS: SB19193410

    $549,000

    Price

  • Oct 16, 2019

    Date

    Active Under Contract

    CRMLS: SB19193410

    $549,000

    Price

  • Sep 20, 2019

    Date

    Price Change

    CRMLS: SB19193410

    $549,000

    Price

  • Aug 13, 2019

    Date

    Active

    CRMLS: SB19193410

    $589,000

    Price

  • January, 2020

  • Jan 3, 2020

    Date

    Sold (Public Records)

    Public Records

    $559,000

    Price

  • January, 2020

  • Jan 3, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1230 E 56th St

Assessed Value (2020): $179,326
Year Land Value Improved Value Assessed Value
2020 $98,605 $80,721 $179,326

Home Value Compared to the Market

This property vs the competition

1230 E 56th St sold on January 3, 2020 for 50.98% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $263.94 per/sqft which puts the price per square foot 63.54% lower than the current median sale per square foot for the city of Los Angeles.

About 1230 E 56th St

Detailed summary of property

1230 E 56th St is a triplex that recently sold in Los Angeles, CA 90011. This triplex offered 6 bedrooms, 4 bathrooms, roughly 2,080 living square feet, and sits on an approximately 5,398 square foot lot. 1230 E 56th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $559,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 50.98% lower than the current median priced home. Local homes that are currently for sale include 440 W Gage Ave, 731 E 84th St and 444 W Gage Ave. While the average home in Los Angeles, CA is selling in 106 days, 1230 E 56th St has a days on market of 54 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1230 E 56th St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1230 E 56th St

Public county record property details
Beds
6
Baths
3
Year built
1905
Sq. Ft.
2,080
Lot Size
5,397
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
227
APN
5104-023-011

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$620,000
Median List Price/Sq.Ft.
$532
Median Sold Price
$590,000
Median Sold Price/Sq.Ft.
$438
Total Inventory
52
Median Sale to List Price %
102.61%
Avg Days on Market
46
Loan Type
Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

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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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