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1355 W 58Th St, Los Angeles, CA 90037
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1355 W 58Th St Los Angeles, CA 90037

$1,500,000 Sold Price as of 11/18/2022
  • -- Beds
  • -- Baths
  • 4,800 Sq.Ft.
Sold
$1,500,000 Sold Price as of 11/18/2022 Refinance Your Mortgage
Map preview of 1355 W 58Th St, Los Angeles, CA 90037

Property Overview: 1355 W 58Th St Los Angeles, CA has -- bedrooms, -- bathrooms, 4,800 living square feet and 10,750 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This property is FOR SALE & LEASE. Seller financing available! Purchase with 10% down payment - SBA 504 loan, Perfect Owners User Opportunity! This opportunity consisting of 1 contiguous parcels of property zoned “RD2-1” Restricted Density Multiple Dwelling ZONE, consisting of a total of 10,750+/- square feet of semi-improved land, with one (1) Free Standing Single-Story building that consist of 4,800+/- square feet – corner commercial building. APN:5002-013-034. The subject property currently zoned is “Restricted Density Multiple Dwelling ZONE and currently has a Conditional Use Permit (C.U.P.) that allows for automotive related uses and provides for a commercial uses or use permitted in the RD2-1” Restricted Density Multiple Dwelling Zone. This free-standing building provides high traffic commercial/retail presence in area in South Los Angles, with a Normandie Avenue identity, flexible opportunity for owner-user or land developer seeking sites like this neighborhood, community, and regional retail business. The Seller may carry a note with a down payment $500,000.00. The Seller will provide financing to you by agreeing to as follow: Note Terms: Interest rate shall be fixed for 5 years, interest rate at 4.00% , Fixed, Buyer shall make a total of 60 interest only payments that shall be payable at approximately $4,667.00 per month ("Interest only payments"), remaining principal shall be due in 5 years as a Balloon payment in the amount of $1,400,000.00. Existing automotive business is also available for sale and will include the conditional use permit, business trade furniture, fixtures & equipment (FF&). 1355 west 58th Street (“Subject Property”) is Centrally located along Normandie Ave South of I-10 Freeway, East of Interstate 110, near to Slauson Ave & Western Avenue and with access to employment centers throughout the downtown Los Angeles. Due to its location, future users of the Subject Property will enjoy the amenities of adjacent residential & commercial/retail developments.

Listed by ERIC CHAVEZ | BRE #01397806 | CHAVEZ & ASSOCIATES REBF, INC
Last checked: 6 minutes ago | Last updated: November 21st, 2022 | Source CRMLS | DOM: 346

Home details

Lot Sq. Ft
10,750
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
CV21242052
City
Los Angeles
County
Los Angeles
Time on Site
923 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1355 W 58Th St

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 11
Lot Information
  • Lot Features: 2-5 Units/Acre, Corner Lot, Level with Street, Rectangular Lot, Paved, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 5002013034
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 1.1 miles west of the I-110, near Slauson Ave
View more facts & features

Local Los Angeles Agent

Sale History for 1355 W 58Th St

Last sold for $1,500,000 on November 18th, 2022

  • November, 2022

  • Nov 18, 2022

    Date

    Sold

    CRMLS: CV21242052

    $1,500,000

    Price

  • Nov 3, 2021

    Date

    Active

    CRMLS: CV21242052

    $2,100,000

    Price

  • December, 1999

  • Dec 27, 1999

    Date

    Sold (Public Records)

    Public Records

    $195,000

    Price

Show More

Tax History for 1355 W 58Th St

Assessed Value (2020): $282,044
Year Land Value Improved Value Assessed Value
2020 $150,364 $131,680 $282,044

Home Value Compared to the Market

This property vs the competition

1355 W 58Th St sold on November 18, 2022 for 59.66% higher 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 $395.83 per/sqft which puts the price per square foot 47.57% lower than the current median sale per square foot for the city of Los Angeles.

About 1355 W 58Th St

Detailed summary of property

1355 W 58Th St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered -- bedrooms, -- bathrooms, roughly 4,800 living square feet, and sits on an approximately 10,750 square foot lot. 1355 W 58Th St was first listed on ArdentRealEstateGroup.com on November 4, 2021. The homeowner sold the property for $1,500,000. 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 59.66% higher than the current median priced home. Local homes that are currently for sale include 8273 S San Pedro, 915 E 50th St and 3317 S San Pedro St. While the average home in Los Angeles, CA is selling in 94 days, 1355 W 58Th St has a days on market of 346 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1355 W 58Th 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 1355 W 58Th St

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
4,800
Lot Size
10,750
Stories
1
Type
Auto Repair (& Related), Garage
Pool
No
Spa
No
County
Los Angeles
Lot#
30,31
APN
5002-013-034

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.
$517
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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