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

$505,000 Sold Price as of 04/15/2019
  • 7 Beds
  • 4 Baths
  • 1,700 Sq.Ft.
Sold
$505,000 Sold Price as of 04/15/2019 Refinance Your Mortgage
Map preview of 710 W 56Th St, Los Angeles, CA 90037

Property Overview: 710 W 56Th St Los Angeles, CA has 7 bedrooms, 4 bathrooms, 1,700 living square feet and 5,401 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: GREAT INVESTMENT OPPORTUNITY. TWO SEPARATE HOUSES, LOCATED IN GREAT AREA CENTRALLY LOCATED CLOSE TO EVERYTHING. MINUTES FROM USC, LA COLISEUM, STAPLE CENTER, ETC. FRONT HOUSE HAS 3 BEDROOMS PLUS A HUGE STORAGE ROOM, 2 BATHS, BACK HOUSE HAS 2 BEDROOMS AND ONE BATH. BOTH HAVE YARDS FRONT AND BACK, FULLY GATED AND SECURE. OWNER HAD THEM FOR MANY YEARS AND HAS UPGRADED THE FLOORS, KITCHENS, AND BATHROOMS. FLOORS AND ETC. IN GREAT CONDITION.MUST SEE, BOTH UNITS OCCUPIED, DO NOT ASK FOR VACANT UNITS AS GREAT TENANTS BEEN THERE LONG.PLEASE DO NOT DISTURB TENANTS, INTERIOR INSPECTION IS WITH ACCEPTED OFFER ONLY.

Listed by Mike Hassani | BRE #01309514 | Home Team Realty
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
5,401
HOA Dues
$0/mo
Year built
1909
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19441418
City
Los Angeles
County
Los Angeles
Time on Site
1354 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,803
  • Total Rent: $1,803
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,202
  • Total Rent: $1,202
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.11
  • Gross Scheduled Income: --
  • Net Operating Income: $30,040
  • Gross Operating Income: $36,060
  • Improvements Total: $54,111
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 710 W 56Th St

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Estimated
Property Information
  • Total # of Units: 2
  • Parcel Number: 5001019009
Location / Neighborhood
Location Information
  • Directions: west of Hoover street and 56th Street
View more facts & features

Local Los Angeles Agent

Sale History for 710 W 56Th St

Last sold for $505,000 on April 15th, 2019

  • April, 2019

  • Apr 15, 2019

    Date

    Sold

    CRMLS: 19441418

    $505,000

    Price

  • Apr 5, 2019

    Date

    Pending

    CRMLS: 19441418

    $509,000

    Price

  • Mar 7, 2019

    Date

    Active

    CRMLS: 19441418

    $509,000

    Price

  • April, 2019

  • Apr 15, 2019

    Date

    Sold (Public Records)

    Public Records

    $505,000

    Price

  • February, 2019

  • Feb 6, 2019

    Date

    Canceled

    CRMLS: DW18272891

    $539,000

    Price

  • Nov 13, 2018

    Date

    Active

    CRMLS: DW18272891

    $539,000

    Price

  • Listing provided courtesy of CRMLS

    GOOD OPPORTUNITY, THESE ARE TWO SEPARATE HOUSES, IS CENTRALLY LOCATED CLOSE TO EVERYTHING, MINUTES AWAY TO USC, LA COLISEUM, CLOSE TO STAPLE CENTER AND DTLA, FRONT HOUSE IS 3 BEDROOMS 2 BATH, BACK HOUSE 2 BEDROOM 1 BATH, BOTH UNITS HAS BEEN RECENTLY REMODELED AND LOOKS IN GREAT CONDITION.

  • June, 2018

  • Jun 22, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2017

  • Nov 13, 2017

    Date

    Expired

    CRMLS: 01042693

    --

    Price

  • Listing provided courtesy of CRMLS

    GREAT PRICE FOR THIS SPACIOUS PROPERTY. BOTH UNITS VACANT. SELLER NEEDS FAST SALE. BUYERS MUST PRE-QUALIFY WITH LENDER OF SELLER''S CHOICE.

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Tax History for 710 W 56Th St

Assessed Value (2020): $515,100
Year Land Value Improved Value Assessed Value
2020 $408,000 $107,100 $515,100

Home Value Compared to the Market

This property vs the competition

710 W 56Th St sold on April 15, 2019 for 54.55% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $299.41 per/sqft which puts the price per square foot 58.64% lower than the current median sale per square foot for the city of Los Angeles.

About 710 W 56Th St

Detailed summary of property

710 W 56Th St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 1,700 living square feet, and sits on an approximately 5,401 square foot lot. 710 W 56Th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $505,000. Home 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 54.55% lower than the current median priced home. Local homes that are currently for sale include 623 E 36th St, 1977 W 48th St and 1122 E 67th St. While the average home in Los Angeles, CA is selling in 106 days, 710 W 56Th St has a days on market of 21 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 710 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 710 W 56Th St

Public county record property details
Beds
3
Baths
2
Year built
1909
Sq. Ft.
1,560
Lot Size
5,400
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
92
APN
5001-019-009

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
$688,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$626,228
Median Sold Price/Sq.Ft.
$437
Total Inventory
35
Median Sale to List Price %
125.5%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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