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1261 W 55Th St, Los Angeles, CA 90037
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1261 W 55Th St Los Angeles, CA 90037

$700,000 Sold Price as of 08/31/2023
  • 4 Beds
  • 3 Baths
  • 1,809 Sq.Ft.
Sold
$700,000 Sold Price as of 08/31/2023 Refinance Your Mortgage
Map preview of 1261 W 55Th St, Los Angeles, CA 90037

Property Overview: 1261 W 55Th St Los Angeles, CA has 4 bedrooms, 3 bathrooms, 1,809 living square feet and 5,461 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This property is perfect for investors or families looking for a spacious and affordable home. The duplex features two units, each with its own private entrance. The front unit is a 3-bedroom, 2-bathroom home, while the back unit is a 1-bedroom, 1-bathroom apartment. Both units have been kept in their original condition. Must see.

Listed by JULIAN RENDEROS | BRE #02047666 | EXCELLENCE RE REAL ESTATE
Co-listed by JAMES ORANTES | BRE #02195621 | EXCELLENCE RE REAL ESTATE
Last checked: 5 minutes ago | Last updated: September 1st, 2023 | Source CRMLS | DOM: 32

Home details

Lot Sq. Ft
5,461
HOA Dues
$0/mo
Year built
1916
Garage
--
Property Type:
Duplex
Status
Sold
MLS#
MB23105080
City
Los Angeles
County
Los Angeles
Time on Site
350 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $170
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $2,600
  • Net Operating Income: $2,200
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $400
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 1261 W 55Th St

Interior Features
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 5002008016
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Other Subdivision Name: LOYNES TR
  • Directions: left on 55th st
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1261 W 55Th St

Last sold for $700,000 on August 31st, 2023

  • August, 2023

  • Aug 31, 2023

    Date

    Sold

    CRMLS: MB23105080

    $700,000

    Price

  • Jun 15, 2023

    Date

    Active

    CRMLS: MB23105080

    $690,000

    Price

  • December, 2022

  • Dec 3, 2022

    Date

    Expired

    CRMLS: DW22170898

    $680,000

    Price

  • Aug 3, 2022

    Date

    Active

    CRMLS: DW22170898

    $715,000

    Price

  • Listing provided courtesy of CRMLS

    HUGE PRICE REDUCTION!!!!! SHOW AND SELL GREAT AREA very close to USC Natural Museum Of History Shops Restaurants Bus transportation and Metro great opportunity to live in one unit and rent the other one,rents are low tenants are related to owner. Units will be delivered vacant with strong offer.

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Tax History for 1261 W 55Th St

Assessed Value (2020): $195,860
Year Land Value Improved Value Assessed Value
2020 $128,062 $67,798 $195,860

Home Value Compared to the Market

This property vs the competition

1261 W 55Th St sold on August 31, 2023 for 42.02% 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 $381.43 per/sqft which puts the price per square foot 49.48% lower than the current median sale per square foot for the city of Los Angeles.

About 1261 W 55Th St

Detailed summary of property

1261 W 55Th St is a duplex that recently sold in Los Angeles, CA 90037. This duplex offered 4 bedrooms, 3 bathrooms, roughly 1,809 living square feet, and sits on an approximately 5,461 square foot lot. 1261 W 55Th St was first listed on ArdentRealEstateGroup.com on June 16, 2023. The homeowner sold the property for $700,000. 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 42.02% lower than the current median priced home. Local homes that are currently for sale include 1020 W 61St St, 1253 W 65th St and 1745 59th Pl. While the average home in Los Angeles, CA is selling in 95 days, 1261 W 55Th St has a days on market of 32 days. There are currently 3751 homes for sale in the Los Angeles real estate market and 2535 of them are single family homes while 1119 of them are condos and 91 are townhomes. For more information on this home for sale at 1261 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 1261 W 55Th St

Public county record property details
Beds
3
Baths
2
Year built
1916
Sq. Ft.
1,809
Lot Size
5,461
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
5002-008-016

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
35
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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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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