7 months on rocket

438 E 56th St, Los Angeles, CA, 90011

$1,349,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
4 Baths
2,219 SqFt
$608/SqFt
House

Location

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438 E 56th St, Los Angeles$1,349,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDriveway
Year Built2024
HeatingWall Furnace
MLS #24377657
Lot Size0.12 Acres
StatusActive

About 438 E 56th St

Introducing this amazing 4 unit multifamily property in turnkey condition in the South Park neighborhood of Los Angeles. Two buildings sit on the lot which are comprised of two duplexes: 'structure one' is completely brand-new construction and 'structure two' is a meticulously "studs up" renovation. The front structure underwent a complete overhaul and now consists of two modern 2 bd + 1 ba units. The rear structure is brand new construction with a mix of one 2 bd + 1 ba and one 1 bd + 1 ba ADUs. All units are separately metered for all utilities (water sub-metering) and include open floor plans, modern kitchens, air conditioning and hard wood flooring. Its central location provides investors an extensive tenant pool. USC is a short 3 mile drive, Downtown LA is minutes to the North and access to the 110 Freeway is less than a mile away.

Property Details

Property Features

Property Information:

  • Year Built: 2024
  • Stories: 1
  • Living Area: 2,219 SqFt

Listing Office:

  • Office Name: Remax Commercial and Investment Realty
  • Office Phone: (213) 817-1000
  • Listing Agent: Enrique Viramontes

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 7

Exterior Features

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

Other

Directions Information:

  • Directions: Located on E 56th St, between Avalon Blvd and San Pedro St

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,349,000
  • Price Per SqFt: $608/SqFt

Tax Information:

  • Annual Amount: $2,262
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

438 E 56th St vs Los Angeles

227 DAYS ON ROCKET

+189 Days

$1,349,000

+$325.5K More

$608/SqFt

-$33 Less

KEY TAKEAWAY

This property is $325.5K more than the Median Sold Price and $33/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24377657

Listing Office:

  • Office Name: Remax Commercial and Investment Realty
  • Office Phone: (213) 817-1000
  • Listing Agent: Enrique Viramontes

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 2:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 15, 2000Home Sold
$125,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,262$177,469
2020$2,195$175,650
2019$2,116$172,207
2018$2,069$168,832
2017$2,069$165,522

History based on county public records data.

Payment Calculator

$6,800

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,111

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-490448
2
/10

  • Estrella Elementary School

  • 120 E 57th St

  • 0.41 miles

  • Public District Grades KG-5

school-card-donut-490449
4
/10

  • Main Street Elementary School

  • 129 E 53rd St

  • 0.47 miles

  • Public District Grades KG-5

school-card-donut-490450
3
/10

  • 49th Street Elementary School

  • 750 E 49th St

  • 0.53 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,839. The majority of Los Angeles, CA residents have income less than $35k annually. Residents typically live in married, with kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 438 E 56th St

What is the listing price of this property?

The listing price of 438 E 56th St property is $1,349,000.

What type of property is this?

The property 438 E 56th St is a house located in Los Angeles, California, 90011.

Is this property for sale now?

Active Listing: 438 E 56th St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,262 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 15, 2000 for $125,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 438 E 56th St has 7 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 438 E 56th St is 2,219 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 438 E 56th St is 2024.

Rocket Homes›California›Los Angeles County›Los Angeles›90011›438 E 56th St

This home is located at 438 E 56th St in Los Angeles, CA and zip code 90011 in the South LA neighborhood. This 2,219 square foot home, which was built in 2024, sits on a 0.12 acre lot. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 08, 2024 and is currently priced at $1,349,000.

In October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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