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308 E 56Th St, Los Angeles, CA 90011
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308 E 56Th St Los Angeles, CA 90011

$750,000 Sold Price as of 12/02/2022
  • 4 Beds
  • 3 Baths
  • 3,034 Sq.Ft.
Sold
$750,000 Sold Price as of 12/02/2022 Refinance Your Mortgage
Map preview of 308 E 56Th St, Los Angeles, CA 90011

Property Overview: 308 E 56Th St Los Angeles, CA has 4 bedrooms, 3 bathrooms, 3,034 living square feet and 5,656 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Fantastic corner lot location on the corner of 56th and San Pedro. Mixed Use. 3 Buildings on a lot. Corner Market / Store since being built in 1928. 1 Bedroom 1 Bath House, and a 3 Bedroom 1 Bath house with a detached garage. Long term tenants with good payment history.

Listed by William Lenocker | BRE #01357888 | Monument Realty, Inc.
Last checked: 8 minutes ago | Last updated: December 3rd, 2022 | Source CRMLS | DOM: 219

Home details

Lot Sq. Ft
5,656
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
PW22049764
City
Los Angeles
County
Los Angeles
Time on Site
797 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: --
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Actual Rent: $1,530
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,700
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: --
  • # of Baths: 1
  • Actual Rent: $2,750
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $71,760
  • Net Operating Income: $56,260
  • Gross Operating Income: --
  • Vacancy Allowance: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Personal Property: $0
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $0
  • Trash: $0
  • Insurance: $4,500
  • Maintenance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 308 E 56Th St

Interior Features
Laundry Information
  • Individual Room
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 3
  • Parcel Number: 5101009022
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Corner of 56th and San Pedro
View more facts & features

Local Los Angeles Agent

Sale History for 308 E 56Th St

Last sold for $750,000 on December 2nd, 2022

  • December, 2022

  • Dec 2, 2022

    Date

    Sold

    CRMLS: PW22049764

    $750,000

    Price

  • Mar 12, 2022

    Date

    Active

    CRMLS: PW22049764

    $1,100,000

    Price

  • March, 2022

  • Mar 24, 2022

    Date

    Price Change

    CRMLS: PW22049766

    $1,000,000

    Price

  • Mar 12, 2022

    Date

    Active

    CRMLS: PW22049766

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

  • September, 2020

  • Sep 8, 2020

    Date

    Expired

    CRMLS: PW19214223

    $950,000

    Price

  • Mar 9, 2020

    Date

    Price Change

    CRMLS: PW19214223

    $950,000

    Price

  • Sep 7, 2019

    Date

    Active

    CRMLS: PW19214223

    $1,000,000

    Price

  • Listing provided courtesy of CRMLS

    Fantastic corner lot location on the corner of 56th and San Pedro. Mixed Use. 3 Buildings on a lot. Corner Market / Store since being built in 1928. 1 Bedroom 1 Bath House, and a 2 Bedroom 1 Bath house with a detached garage. Long term tenants with good payment history.

  • August, 2020

  • Aug 1, 2020

    Date

    Expired

    CRMLS: PW19183649

    $950,000

    Price

  • Mar 9, 2020

    Date

    Price Change

    CRMLS: PW19183649

    $950,000

    Price

  • Sep 7, 2019

    Date

    Price Change

    CRMLS: PW19183649

    $1,000,000

    Price

  • Aug 23, 2019

    Date

    Price Change

    CRMLS: PW19183649

    $1,100,000

    Price

  • Aug 2, 2019

    Date

    Active

    CRMLS: PW19183649

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Fantastic corner lot location on the corner of 56th and San Pedro. Mixed Use. 3 Buildings on a lot. Corner Market / Store since being built in 1928. 1 Bedroom 1 Bath House, and a 2 Bedroom 1 Bath house with a detached garage. Long term tenants with good payment history.

  • December, 2019

  • Dec 19, 2019

    Date

    Price Change

    CRMLS: M09025971

    $299,000

    Price

  • Dec 19, 2019

    Date

    Price Change

    CRMLS: M09025971

    $189,000

    Price

  • Dec 19, 2019

    Date

    Price Change

    CRMLS: M09025971

    $209,000

    Price

  • Dec 19, 2019

    Date

    Price Change

    CRMLS: M09025971

    $229,000

    Price

  • Dec 19, 2019

    Date

    Price Change

    CRMLS: M09025971

    $285,000

    Price

  • Dec 19, 2019

    Date

    Price Change

    CRMLS: M09025971

    $249,000

    Price

  • Listing provided courtesy of CRMLS

    BANK REPO 4 UNITS MIXED COMMERCIAL. 3 BUILDINGS AND GARAGE. LEGAL 4 UNITS!!!!!!!!!!

  • October, 2013

  • Oct 11, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2013

  • Aug 21, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 308 E 56Th St

Assessed Value (2020): $442,599
Year Land Value Improved Value Assessed Value
2020 $336,379 $106,220 $442,599

Home Value Compared to the Market

This property vs the competition

308 E 56Th St sold on December 2, 2022 for 28.57% 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 $280.16 per/sqft which puts the price per square foot 62.89% lower than the current median sale per square foot for the city of Los Angeles.

About 308 E 56Th St

Detailed summary of property

308 E 56Th St is a mixed use that recently sold in Los Angeles, CA 90011. This mixed use property offered 4 bedrooms, 3 bathrooms, roughly 3,034 living square feet, and sits on an approximately 5,656 square foot lot. 308 E 56Th St was first listed on ArdentRealEstateGroup.com on March 12, 2022. The homeowner sold the property for $750,000. 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 28.57% lower than the current median priced home. Local homes that are currently for sale include 10201 S Vermont Ave, 1942 W Jefferson Blvd and 11111 Wilmington Ave. While the average home in Los Angeles, CA is selling in 92 days, 308 E 56Th St has a days on market of 219 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 308 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 308 E 56Th St

Public county record property details
Beds
4
Baths
2
Year built
1923
Sq. Ft.
2,824
Lot Size
5,655
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
5101-009-022

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
$659,000
Median List Price/Sq.Ft.
$460
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
44
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%)

Thinking of Selling?

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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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