1409 West 55th Street
1409 West 55th Street
$2,200,000
11
10
4,896
4,896
$449
Sold 2/7/22
Description
Incredibly low expenses. High CAP rate. Completely rebuilt! Certificate Of Occupancy issued February 2020 converting the front structure from 4 units into 8. All 1 bedroom 1 bathroom. There is an additional stand alone unit above the garages in the back structure that consists of 3 bedrooms and 2 baths. Completely remodeled from electric, plumbing, and building systems to new floors, new kitchens and new bathrooms. Everything has been redone. There are five private garages that are all leased separately...Incredibly low expenses. High CAP rate. Completely rebuilt! Certificate Of Occupancy issued February 2020 converting the front structure from 4 units into 8. All 1 bedroom 1 bathroom. There is an additional stand alone unit above the garages in the back structure that consists of 3 bedrooms and 2 baths. Completely remodeled from electric, plumbing, and building systems to new floors, new kitchens and new bathrooms. Everything has been redone. There are five private garages that are all leased separately and on site washer and dryer to add cash flow monthly. Great opportunity in the heart of Exposition Park with exploding rents and property values. Just minutes from USC and the expo line. One garage vacant. OM available upon request.
- Listed by William Creed • DRE #01880695 • Brokerage DRE #00655202 • Clement Partners Real Estate
Property Details for 1409 West 55th Street
Zoning
LAC2
Parcel Number5003017029
Total Units9.0
Living Area4896
Source Living AreaVendor Enhanced
AreaLos Angeles Southwest (C34)
Vacancy Rate0
Lot Size Area5543
Location
LISTING UPDATED: 02/08/2022 11:03 AM
Property Details for 1409 West 55th Street
Status | Sold |
---|---|
MLS # | 21-792358 |
Days on Market | 30 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2021 |
Lot Size | 0.13 AC / 5,543 SF |
County | Los Angeles County |
Location
Building Information for 1409 West 55th Street
Stories2Residences-Year Built2021Building Size-Lot Size0.13 AC / 5,543 SF
Payment Calculator
$14,346 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1409 West 55th Street
Property History for 1409 West 55th Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1409 West 55th Street
Taxable ValueLand$1,632,000Additions$612,000Total$2,244,000
Tax Record2023$28,077 ($2,340 / month)
Home Facts
Total Finished SqFt5,966 SqFtAbove Grade Finished SqFt5,966 SqFtLot Size5,543 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningLAC2CountyLOS ANGELESAPN5003-017-029
Schools near 1409 West 55th Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 8 | |||
Public - | 6 to 9 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Budlong Avenue Elementary School PublicK to 5 | ||
Western Avenue Technology Magnet PublicK to 8 | ||
Barack Obama Global Preparation Academy Public6 to 9 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.