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1386 E 55Th St, Los Angeles, CA 90011
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1386 E 55Th St Los Angeles, CA 90011

$699,000
  • 6 Beds
  • 4 Baths
  • 2,490 Sq.Ft.
For Sale
$699,000 Get Pre-Qualified
Map preview of 1386 E 55Th St, Los Angeles, CA 90011

Property Overview: 1386 E 55Th St Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,490 living square feet and 5,201 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This income-producing triplex features a large single-structure front house with 2 bedrooms and 1.5 bathrooms, along with a detached 2-car garage. Additionally, the property includes a separate rear duplex structure consisting of two 2-bedroom, 1-bathroom units. Ample parking is available, and the property is gated for privacy. All units are fully occupied by long-term, stable tenants, providing immediate rental income. The property will be sold tenant-occupied and will not be delivered vacant. Conveniently located near schools, shopping centers, downtown LA, LA Live, Staples Center, grocery stores, restaurants, coffee shops, parks, and with easy access to major freeways. Offers great upside rental potential in a highly desirable metropolitan location. Ideal for both seasoned investors and first-time buyers looking for a reliable income stream. Priced to sell—don't miss out on this excellent investment opportunity!

Listed by Mark Perez | BRE #01279393 | Circle Real Estate
Co-listed by Gabriel Mejorado | BRE #02113110 | Circle Real Estate
Last checked: 2 minutes ago | Last updated: September 6th, 2024 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
5,201
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Triplex
Status
Active
MLS#
RS24179640
City
Los Angeles
County
Los Angeles
Time on Site
14 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,656
  • Total Rent: --
  • Pro Forma/Market Rent: $3,052
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,075
  • Total Rent: --
  • Pro Forma/Market Rent: $3,052
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,106
  • Total Rent: --
  • Pro Forma/Market Rent: $3,052
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.3%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $46,044
  • Net Operating Income: $37,535
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $8,509
  • Electric: $2,000
  • Trash: $1,509
  • Insurance: $0
  • Water/Sewer: $5,000

Open Houses for 1386 E 55Th St

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Property Details for 1386 E 55Th St

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • See Remarks
Fireplace Information
  • No Fireplace
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5104019001
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Ascot and 55th
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1386 E 55Th St

Last sold for $370,000 on March 21st, 2014

  • September, 2024

  • Sep 5, 2024

    Date

    Active

    CRMLS: RS24179640

    $699,000

    Price

  • January, 2020

  • Jan 23, 2020

    Date

    Canceled

    CRMLS: IN19104621

    $570,000

    Price

  • May 6, 2019

    Date

    Active

    CRMLS: IN19104621

    $570,000

    Price

  • Listing provided courtesy of CRMLS

    Great Opportunity to own a Bread and Butter Income Property for the price of a Single Family home! Great income producing triplex! Large single structure front house consisting of 2 bedrooms / 1.5 bath with a detached 2 car garage. Additionally, a separate rear duplex structure consisting of two 2 bedroom / 1 bath units. Ample parking space. Property fully-occupied with long term stable tenants. Start collecting income right away! PROPERTY SOLD TENANT-OCCUPIED. WILL NOT BE DELIVERED VACANT! This property is gated for privacy and is priced to sell! Conveniently located close to schools, shopping centers, downtown, LA Live, Staples Center, grocery stores, restaurants, coffee shops, parks, easy access to major freeways. Well maintained property with low maintenance and long-term tenants that always pay their rent on time. Great for seasoned investor or first time buyer. Great upside rental potential in this highly metropolitan location! Please do not disturb tenants. Listing info deemed reliable but not guaranteed. No warranties expressed or implied. Buyer to verify and satisfy on all aspects of the property such as, but not limited to: permits, bed/bath count, square footage, legality, etc.

  • January, 2020

  • Jan 1, 2020

    Date

    Expired

    CRMLS: IN19007681

    $595,650

    Price

  • Apr 26, 2019

    Date

    Withdrawn

    CRMLS: IN19007681

    $595,650

    Price

  • Feb 19, 2019

    Date

    Price Change

    CRMLS: IN19007681

    $595,650

    Price

  • Feb 19, 2019

    Date

    Price Change

    CRMLS: IN19007681

    $564,300

    Price

  • Jan 11, 2019

    Date

    Active

    CRMLS: IN19007681

    $627,000

    Price

  • Listing provided courtesy of CRMLS

    Great Opportunity to own a Bread and Butter Income Property for the price of a Single Family home! Great income producing triplex! Large single structure front house consisting of 2 bedrooms / 1.5 bath with a detached 2 car garage. Additionally, a separate rear duplex structure consisting of two 2 bedroom / 1 bath units. Ample parking space. This property is gated for privacy and is priced to sell! Conveniently located close to schools, shopping centers, downtown, LA Live, Staples Center, grocery stores, restaurants, coffee shops, parks, easy access to major freeways. Well maintained property with low maintenance and long-term tenants that always pay their rent on time. Start collecting income right away! Great for seasoned investor or first time buyer. Great upside rental potential in this highly metropolitan location! Please do not disturb tenants. Listing info deemed reliable but not guaranteed. No warranties expressed or implied. Buyer to verify and satisfy on all aspects of the property such as, but not limited to: permits, bed/bath count, square footage, legality, etc.

  • March, 2014

  • Mar 21, 2014

    Date

    Sold (Public Records)

    Public Records

    $370,000

    Price

Show More

Tax History for 1386 E 55Th St

Assessed Value (2020): $414,725
Year Land Value Improved Value Assessed Value
2020 $212,967 $201,758 $414,725

Home Value Compared to the Market

This property vs the competition

1386 E 55Th St is listed 41.75% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $280.72 per/sqft which puts the price per square foot 63.45% lower than the median price per square foot for the city of Los Angeles.

About 1386 E 55Th St

Detailed summary of property

1386 E 55Th St is a triplex located in Los Angeles, CA 90011 and is currently for sale. This triplex offers 6 bedrooms, 4 bathrooms, roughly 2,490 living square feet, and sits on an approximately 5,201 square foot lot. 1386 E 55Th St was first listed on ArdentRealEstateGroup.com on September 4, 2024. The homeowner is currently asking $699,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 41.75% lower than the median priced home. Local competing homes currently for sale include 920 E 48th St, 1700 E 65Th St and 627 E 49th St. While the average home in Los Angeles, CA is selling in 106 days, 1386 E 55Th St has a days on market of 13 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 1386 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 1386 E 55Th St

Public county record property details
Beds
6
Baths
3
Year built
1961
Sq. Ft.
2,490
Lot Size
5,199
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5104-019-001

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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(714) 706-1823

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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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