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1309 E 55Th St, Los Angeles, CA 90011
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1309 E 55Th St Los Angeles, CA 90011

$740,000 Sold Price as of 05/19/2022
  • 6 Beds
  • 3 Baths
  • 2,096 Sq.Ft.
Sold
$740,000 Sold Price as of 05/19/2022 Refinance Your Mortgage
Map preview of 1309 E 55Th St, Los Angeles, CA 90011

Property Overview: 1309 E 55Th St Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,096 living square feet and 5,022 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Back on the market! 2 bedroom unit move in ready. Perfect opportunity for a first time buyer, live in one unit and collect rent on the other 2. This triplex features updated kitchens and bathrooms, updated electrical and plumbing, recessed lights, laminate floors, new interior paint, conveniently located minutes away from LAUSC, Exposition Park and newly built Banc of California Stadium, walking distance to schools, shopping areas, transportation and other amenities. Rents on the occupied units are up to date. Great rental income.

Listed by Raul Garcia | BRE #01332592 | Realty One Group United
Last checked: 6 seconds ago | Last updated: October 24th, 2023 | Source CRMLS | DOM: 172

Home details

Lot Sq. Ft
5,022
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
RS21224414
City
Los Angeles
County
Los Angeles
Time on Site
954 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $72,000
  • Net Operating Income: $69,000
  • Gross Operating Income: $72,000
Annual Expense Breakdown
  • Total Operating Expense: $3,000
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $9,677
  • Trash: $0
  • Insurance: $1,000
  • Water/Sewer: $3,000

Property Details for 1309 E 55Th St

Interior Features
Laundry Information
  • No Laundry
  • None
Room Information
  • Flooring: Laminate, Tile
Interior Features
  • Ceiling Fan(s), Copper Plumbing Partial, Granite Counters, Open Floorplan, Recessed Lighting
  • Levels: One
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Shingle
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: Corner Lot, Front Yard, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5104012002
  • Year Built Source: Assessor
  • Property is not Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: From Hooper South make a right on E 55th St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1309 E 55Th St

Last sold for $740,000 on May 19th, 2022

  • October, 2023

  • Oct 24, 2023

    Date

    Withdrawn

    CRMLS: SR22123746

    $1,050,000

    Price

  • Jun 9, 2022

    Date

    Active

    CRMLS: SR22123746

    $899,000

    Price

  • Listing provided courtesy of CRMLS

    TRIPLEX in the heart of LA near UCS with GREAT INCOME and VERY low operating expense. VERY LARGE 1 bdr/1bath (can be converted into two bedrooms) is getting $1900 (sect 8 tenant) in rental income, 2 bdr/1bath pays $2474 (sec 8 tenant), and 3 bdr/1bath is getting $3400 (sec 8 tenants). Monthly income of $7774 if you account for all units being occupied on ANNUALLY $93,288. All units in great condition, new plumbing and electrical, updated bathroom (two of units) and new flooring, double pane windows, new paint... All units have their own separate parking and gated parking spot, 3 seperate gas/ elecricity meters with 1 water meter. and the seller pays water only! Very low operating costs! This is THE BEST DEAL IN LOS ANGELES. Submit your offer TODAY!

  • April, 2022

  • Apr 26, 2022

    Date

    Active

    CRMLS: RS21224414

    $784,999

    Price

  • Feb 24, 2022

    Date

    Price Change

    CRMLS: RS21224414

    $784,999

    Price

  • February, 2021

  • Feb 24, 2021

    Date

    Expired

    CRMLS: RS20040098

    $799,800

    Price

  • Jul 27, 2020

    Date

    Price Change

    CRMLS: RS20040098

    $799,800

    Price

  • Feb 25, 2020

    Date

    Active

    CRMLS: RS20040098

    $879,800

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity. This triplex has been recently updated, new flooring, kitchens, bathrooms, electrical, plumbing, recessed lights, conveniently located minutes away from LAUSC, Exposition Park and newly built Banc of California Stadium, walking distance to schools, shopping areas, transportation and other amenities. All 3 units are currently rented. All rents up to date with $5,000 monthly rental income total.

  • December, 2016

  • Dec 29, 2016

    Date

    Sold (Public Records)

    Public Records

    $385,000

    Price

Show More

Tax History for 1309 E 55Th St

Assessed Value (2020): $408,564
Year Land Value Improved Value Assessed Value
2020 $212,241 $196,323 $408,564

Home Value Compared to the Market

This property vs the competition

1309 E 55Th St sold on May 19, 2022 for 34.45% 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 $372.14 per/sqft which puts the price per square foot 50.71% lower than the current median sale per square foot for the city of Los Angeles.

About 1309 E 55Th St

Detailed summary of property

1309 E 55Th St is a triplex that recently sold in Los Angeles, CA 90011. This triplex offered 6 bedrooms, 3 bathrooms, roughly 2,096 living square feet, and sits on an approximately 5,022 square foot lot. 1309 E 55Th St was first listed on ArdentRealEstateGroup.com on October 9, 2021. The homeowner sold the property for $740,000. 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 34.45% lower than the current median priced home. Local homes that are currently for sale include 507 E 59th Pl, 483 E 49th St and 488 E 47Th St. While the average home in Los Angeles, CA is selling in 92 days, 1309 E 55Th St has a days on market of 172 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 1309 E 55Th 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 1309 E 55Th St

Public county record property details
Beds
5
Baths
3
Year built
1924
Sq. Ft.
2,096
Lot Size
5,021
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,2
APN
5104-012-002

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
$649,000
Median List Price/Sq.Ft.
$462
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
43
Median Sale to List Price %
104.76%
Avg Days on Market
54
Loan Type
Conventional (33.33%), FHA (25%), VA (0%), Cash (33.33%), Other (8.33%)

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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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