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437 W 56Th St, Los Angeles, CA 90037
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437 W 56Th St Los Angeles, CA 90037

$762,500 Sold Price as of 03/22/2022
  • 8 Beds
  • 4 Baths
  • 2,376 Sq.Ft.
Sold
$762,500 Sold Price as of 03/22/2022 Refinance Your Mortgage
Map preview of 437 W 56Th St, Los Angeles, CA 90037

Property Overview: 437 W 56Th St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 2,376 living square feet and 5,399 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This Excellent 4 plex is located in the Vermont-Slauson District adjacent to the 105 Freeway and close to Parks, Schools and commerce. It is well maintained with parking and there is over 95% upside in the rents. It has copper plumbing , new coated roof, new drain lines in 2 lower units and many other amenities. The units are separately metered for gas and electric and no seismic retro fit is required. Don't miss out on this potential windfall investment.

Listed by Keith Moret | BRE #01802527 | Keller Williams Beach Cities
Co-listed by Nicholas Ensbury | BRE #02012167 | Keller Williams Beach Cities
Last checked: 12 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
5,399
HOA Dues
$0/mo
Year built
1958
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22126621
City
Los Angeles
County
Los Angeles
Time on Site
803 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $944
  • Total Rent: $944
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $896
  • Total Rent: $896
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $936
  • Total Rent: $936
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,021
  • Total Rent: $1,021
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.01
  • Gross Scheduled Income: --
  • Net Operating Income: $24,551
  • Gross Operating Income: $43,285
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 437 W 56Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Kitchen Information
  • Has Appliances
  • Disposal, Gas Cooktop
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Side by Side
Property Information
  • Total # of Units: 4
  • Parcel Number: 5001036029
Location / Neighborhood
Location Information
  • Directions: North of Slauson West of 105 Freeway
View more facts & features

Local Los Angeles Agent

Sale History for 437 W 56Th St

Last sold for $762,500 on March 22nd, 2022

  • March, 2022

  • Mar 22, 2022

    Date

    Sold

    CRMLS: 22126621

    $762,500

    Price

  • Feb 7, 2022

    Date

    Active

    CRMLS: 22126621

    $775,000

    Price

  • June, 2019

  • Jun 8, 2019

    Date

    Canceled

    CRMLS: PW19103089

    $680,000

    Price

  • May 4, 2019

    Date

    Active

    CRMLS: PW19103089

    $680,000

    Price

  • Listing provided courtesy of CRMLS

    Property is located in quiet area, 4 units 2 bedrooms 1 bath, long driveway alots place to park.

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Tax History for 437 W 56Th St

Assessed Value (2020): $218,561
Year Land Value Improved Value Assessed Value
2020 $119,771 $98,790 $218,561

Home Value Compared to the Market

This property vs the competition

437 W 56Th St sold on March 22, 2022 for 26.19% lower than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $326.18 per/sqft which puts the price per square foot 55.8% lower than the current median sale per square foot for the city of Los Angeles.

About 437 W 56Th St

Detailed summary of property

437 W 56Th St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 2,376 living square feet, and sits on an approximately 5,399 square foot lot. 437 W 56Th St was first listed on ArdentRealEstateGroup.com on February 11, 2022. The homeowner sold the property for $762,500. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 26.19% lower than the current median priced home. Local homes that are currently for sale include 6414 S Hoover St, 6527 Denver Ave and 6114 Wall St. While the average home in Los Angeles, CA is selling in 97 days, 437 W 56Th St has a days on market of 8 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 437 W 56Th 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 437 W 56Th St

Public county record property details
Beds
8
Baths
4
Year built
1958
Sq. Ft.
2,376
Lot Size
5,398
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5001-036-029

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.
$562
Median Sold Price
$739,000
Median Sold Price/Sq.Ft.
$472
Total Inventory
31
Median Sale to List Price %
101.93%
Avg Days on Market
35
Loan Type
Conventional (50%), FHA (25%), VA (0%), Cash (25%), Other (0%)

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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