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629 W 56Th St Los Angeles, CA 90037

$849,000 Sold Price as of 01/14/2021

10 Beds
6 Baths
2,244 Sq.Ft.

Sold

$849,000 Sold Price as of 01/14/2021 Refinance Your Mortgage

Map preview of 629 W 56Th St, Los Angeles, CA 90037

Property Overview: 629 W 56Th St Los Angeles, CA has 10 bedrooms, 6 bathrooms, 2,244 living square feet and 6,754 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 629 W 56th St, a beautifully remodeled triplex directly below USC & Exposition Park. The entire property has been recently updated including new roof, new electrical, new plumbing, new windows, and much more! Plenty of parking on premise as well as gated yard space. Unit mix consists of (2) two bedroom units and (1) one bedroom unit offering great cash flow. Opportunity for owner to occupy a unit or inherit the tenants at market rents ($5,640 month / $67,680 year). A Must See!

Listed by Scott Harvey | BRE #01963157 | Figure 8 Realty
Co-listed by Edward Faktorovich | BRE #01401897 | Figure 8 Realty

Last checked: 16 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft: 6,754
HOA Dues: $0/mo
Year built: 1929
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20665316
City: Los Angeles
County: Los Angeles
Time on Site: 1198 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,995
Total Rent: $1,995
Pro Forma/Market Rent: $2,100

Unit Breakdown 2

# of Units: 2
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,650
Total Rent: $1,650
Pro Forma/Market Rent: $1,750

Unit Breakdown 3

# of Units: 3
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,995
Total Rent: $1,995
Pro Forma/Market Rent: $2,100

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 12.5
Gross Scheduled Income: --
Net Operating Income: $0
Gross Operating Income: $67,680

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 629 W 56Th St

Interior Features

Kitchen Information

Has Appliances
Refrigerator

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Garage - Two Door, Concrete, Driveway

Property Information

Total # of Units: 3
Parcel Number: 5001022025

Location / Neighborhood

Location Information

Directions: Google maps

View more facts & features

Local Los Angeles Agent

Sale History for 629 W 56Th St

Last leased for $1,995 on March 26th, 2021

March, 2021
Mar 29, 2021

Date

Leased

CRMLS: 21682876

$1,995

Price
Feb 6, 2021

Date

Active Under Contract

CRMLS: 21682876

$1,995

Price
Jan 30, 2021

Date

Price Change

CRMLS: 21682876

$1,995

Price
Jan 21, 2021

Date

Active

CRMLS: 21682876

$2,150

Price
Listing provided courtesy of CRMLS

You will love this beautifully renovated 2 bedroom/2 bath apartment near the downtown area. As the front unit of this Spanish-style triplex, there are new laminate floors, stainless steel appliances, and tons of natural light throughout. There is only one shared wall, and the unit is spacious and feels like your own home. In addition, there is a lovely community yard in the rear with fruit trees. It's the perfect place to call home if you are looking for a modern, convenient location near USC, and the 110 freeway

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January, 2021
Jan 14, 2021

Date

Sold

CRMLS: 20665316

$849,000

Price
Dec 14, 2020

Date

Pending

CRMLS: 20665316

$849,000

Price
Dec 1, 2020

Date

Active

CRMLS: 20665316

$849,000

Price
January, 2021
Jan 14, 2021

Date

Sold (Public Records)

Public Records

$849,000

Price
November, 2020
Nov 15, 2020

Date

Expired

CRMLS: 20578948

$849,000

Price
Oct 11, 2020

Date

Withdrawn

CRMLS: 20578948

$849,000

Price
Sep 14, 2020

Date

Active

CRMLS: 20578948

$849,000

Price
May 28, 2020

Date

Active Under Contract

CRMLS: 20578948

$849,000

Price
May 15, 2020

Date

Active

CRMLS: 20578948

$849,000

Price
Listing provided courtesy of CRMLS
July, 2019
Jul 12, 2019

Date

Sold

CRMLS: 19455362

$780,000

Price
May 17, 2019

Date

Price Change

CRMLS: 19455362

$795,000

Price
May 4, 2019

Date

Active Under Contract

CRMLS: 19455362

$825,000

Price
Apr 15, 2019

Date

Active

CRMLS: 19455362

$825,000

Price
Listing provided courtesy of CRMLS

Beautifully remodeled Triplex. New Electric, New Plumbing, New Roof, New Floors, New Windows New EVERYTHING! Great Location in the appertaining neighborhood of Exposition Park! Very Beautiful units with a large yard, enclosed garage, and plenty of parking! Make your family's dream come true.

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July, 2019
Jul 11, 2019

Date

Sold (Public Records)

Public Records

$780,000

Price
January, 2019
Jan 4, 2019

Date

Sold

CRMLS: P0-818005555

$495,000

Price
Dec 11, 2018

Date

Active Under Contract

CRMLS: P0-818005555

$469,000

Price
Nov 16, 2018

Date

Active

CRMLS: P0-818005555

$469,000

Price
Listing provided courtesy of CRMLS

MAJOR FIXER. Land Value, Cash Offers Only! Located near the LA Coliseum buildings include a Duplex and a one bedroom one bath over the two-car garage. Property does not have plumbing or electricity. Square footage per assessor 2144 and lot size per assessor 6754 square feet. Effective year built 1929, Zoned:LAR4, County Use: 0300-Multi-Family 3-Unit, Land Use: Triplex. Property is a major fixer and is being sold as land value. No repairs, improvements, concessions or City, County, State Requirements will be made.

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Tax History for 629 W 56Th St

Assessed Value (2020): $780,000

Year	Land Value	Improved Value	Assessed Value
2020	$580,000	$200,000	$780,000

Home Value Compared to the Market

This property vs the competition

629 W 56Th St sold on January 14, 2021 for 28.66% 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 $378.34 per/sqft which puts the price per square foot 49.89% lower than the current median sale per square foot for the city of Los Angeles.

About 629 W 56Th St

Detailed summary of property

629 W 56Th St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 10 bedrooms, 6 bathrooms, roughly 2,244 living square feet, and sits on an approximately 6,754 square foot lot. 629 W 56Th St was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $849,000. 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 28.66% lower than the current median priced home. Local homes that are currently for sale include 227 W 47th St, 242 W 46th St and 943 W 65th St. While the average home in Los Angeles, CA is selling in 96 days, 629 W 56Th St has a days on market of 10 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 629 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 629 W 56Th St

Public county record property details

Beds: 5
Baths: 3
Year built: 1929
Sq. Ft.: 2,144
Lot Size: 6,754
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 69
APN: 5001-022-025

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

$667,000

Median Sold Price/Sq.Ft.

$444

Total Inventory

Median Sale to List Price %

106.72%

Avg Days on Market

Loan Type

Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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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.