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1257 W 56th St, Los Angeles, CA 90037
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1257 W 56th St Los Angeles, CA 90037

$589,000 Sold Price as of 04/22/2021
  • 4 Beds
  • 2 Baths
  • 1,299 Sq.Ft.
Sold
$589,000 Sold Price as of 04/22/2021 Refinance Your Mortgage
Map preview of 1257 W 56th St, Los Angeles, CA 90037

Property Overview: 1257 W 56th St Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,299 living square feet and 3,529 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Nice clean units ready for owner user or for a great rental keeper. Property is located just minutes from USC, LAFC, La Coliseum, DownTown Los Angeles and much much more. This property was fully remodeled just a few years ago with all new plumbing, windows, new roof, electrical upgrades and full rewire, new bathrooms upgrades, new kitchens cabinets, counter tops, drywall, paint, stucco, floors and much more. Termite completion is done as well as a home inspection along with repairs from previous buyer who could not perform. Location for these units is very ideal for a rental landlord or owner user. One unit is already vacant for owner user. Property has a total of 4 bedrooms and 2 baths. Buyer to verify all permits. Agent related to seller. Any questions regarding the sale please reach out to agent directly.

Listed by Hernan Hernandez | BRE #01161183 | Excellence Premier Real Estate
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
3,529
HOA Dues
$0/mo
Year built
1924
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
DW21023557
City
Los Angeles
County
Los Angeles
Time on Site
1200 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,485
  • Total Rent: $1,485
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 20.36%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $36,647
  • Net Operating Income: $29,423
  • Gross Operating Income: $36,647
  • Vacancy Allowance: $0
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Improvements Total: $120,000
Annual Expense Breakdown
  • Total Operating Expense: $7,224
  • New Taxes: $267
  • Trash: $0
  • Insurance: $80
  • Water/Sewer: $95

Property Details for 1257 W 56th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5002010001
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Between Normandie Ave and Budlong Ave
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1257 W 56th St

Last sold for $589,000 on April 22nd, 2021

  • April, 2021

  • Apr 23, 2021

    Date

    Sold

    CRMLS: DW21023557

    $589,000

    Price

  • Apr 16, 2021

    Date

    Active Under Contract

    CRMLS: DW21023557

    $589,000

    Price

  • Apr 7, 2021

    Date

    Pending

    CRMLS: DW21023557

    $589,000

    Price

  • Apr 5, 2021

    Date

    Sold

    CRMLS: DW21023557

    $589,000

    Price

  • Feb 4, 2021

    Date

    Pending

    CRMLS: DW21023557

    $589,000

    Price

  • Feb 4, 2021

    Date

    Active

    CRMLS: DW21023557

    $589,000

    Price

  • February, 2021

  • Feb 2, 2021

    Date

    Expired

    CRMLS: DW20165528

    $589,000

    Price

  • Feb 1, 2021

    Date

    Active

    CRMLS: DW20165528

    $589,000

    Price

  • Jan 4, 2021

    Date

    Pending

    CRMLS: DW20165528

    $589,000

    Price

  • Dec 11, 2020

    Date

    Active Under Contract

    CRMLS: DW20165528

    $589,000

    Price

  • Sep 23, 2020

    Date

    Price Change

    CRMLS: DW20165528

    $589,000

    Price

  • Aug 20, 2020

    Date

    Active

    CRMLS: DW20165528

    $599,000

    Price

  • Aug 18, 2020

    Date

    Pending

    CRMLS: DW20165528

    $599,000

    Price

  • Aug 14, 2020

    Date

    Active

    CRMLS: DW20165528

    $599,000

    Price

  • Listing provided courtesy of CRMLS

  • September, 2017

  • Sep 13, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2015

  • Jan 8, 2015

    Date

    Sold (Public Records)

    Public Records

    $150,000

    Price

Show More

Tax History for 1257 W 56th St

Assessed Value (2020): $258,245
Year Land Value Improved Value Assessed Value
2020 $148,353 $109,892 $258,245

Home Value Compared to the Market

This property vs the competition

1257 W 56th St sold on April 22, 2021 for 50.5% 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 $453.43 per/sqft which puts the price per square foot 39.94% lower than the current median sale per square foot for the city of Los Angeles.

About 1257 W 56th St

Detailed summary of property

1257 W 56th St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,299 living square feet, and sits on an approximately 3,529 square foot lot. 1257 W 56th St was first listed on ArdentRealEstateGroup.com on February 4, 2021. The homeowner sold the property for $589,000. 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 50.5% lower than the current median priced home. Local homes that are currently for sale include 362 W 59th Pl, 232 W 49th St and 2150 W 62nd St. 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 1257 W 56th 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 1257 W 56th St

Public county record property details
Beds
2
Baths
2
Year built
1924
Sq. Ft.
1,288
Lot Size
3,529
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
5002-010-001

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%)

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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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