1516 E 56Th St Los Angeles, CA 90011

$1,400,500 Sold Price as of 04/07/2015

4 Beds
2 Baths
1,838 Sq.Ft.

Off Market

$1,400,500 Sold Price as of 04/07/2015 Refinance Your Mortgage

Map preview of 1516 E 56Th St, Los Angeles, CA 90011

Property Overview: 1516 E 56Th St Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,838 living square feet and 5,200 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1516 E 56Th St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1516 E 56Th St

Last sold for $1,400,500 on April 7th, 2015

April, 2015
Apr 7, 2015

Date

Sold (Public Records)

Public Records

$1,400,500

Price
May, 2011
May 19, 2011

Date

Sold (Public Records)

Public Records

$603,000

Price

Tax History for 1516 E 56Th St

Assessed Value (2020): $269,605

Year	Land Value	Improved Value	Assessed Value
2020	$117,418	$152,187	$269,605

About 1516 E 56Th St

Detailed summary of property

1516 E 56Th St is categorized with a use code of Duplex (2 Units, Any Combination) in Los Angeles, CA 90011 and last sold on April 7, 2015 for $1,400,500. This property has 4 bedrooms, 2 bathrooms, roughly 1,838 living square feet, and sits on an approximately 5,200 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 25.04% higher than the current median priced home. 1516 E 56Th St was last sold on April 7, 2015 for $1,400,500. Local nearby listings include 6524 S Central Ave, 1629 E 41st Pl and 626 E 54th St. The average home in Los Angeles, CA is selling in 106 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. If you are the homeowner and looking to sell the home at 1516 E 56Th 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 1516 E 56Th St

Public county record property details

Beds: 4
Baths: 2
Year built: 1907
Sq. Ft.: 1,838
Lot Size: 5,200
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 103
APN: 5105-017-010

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

$625,000

Median List Price/Sq.Ft.

$531

Median Sold Price

$590,000

Median Sold Price/Sq.Ft.

$438

Total Inventory

Median Sale to List Price %

102.61%

Avg Days on Market

Loan Type

Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

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