8 months on rocket

626 E 54th St, Los Angeles, CA, 90011

$850,000

Home List Price

$10,000*

Closing Credit

0 Baths
House

Location

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626 E 54th St, Los Angeles$850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingConcrete
Year Built1924
FireplaceNone
MLS #PW24052353
Lot Size0.11 Acres
StatusActive

About 626 E 54th St

EXECUTIVE SUMMARY This Apartment an 2-unit apartment building. Built in 1924 and nestled in the Los Angeles, , this property stands as one of the most attractive multifamily investments in the entire county, boasting a compelling Capitalization Rate (CAP rate) on current rental income. A rare opportunity to take advantage of positive leverage, This apartment, each generously proportioned to function as complete Four-bedroom ½ bath units and Five bedroom one and ½ bath.

Property Details

Property Features

Property Information:

  • Year Built: 1924
  • Stories: 2

Listing Office:

  • Office Name: Action Realty Task Holdings
  • Office Phone: (714) 823-7171
  • Listing Agent: Mooney Lee

Interior Features

Interior Information:

  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Concrete

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Other

Directions Information:

  • Directions: South of 10 Freeway , North of 105 and East of 710

Price Information

Listing Price Info

Price Summary:

  • List Price: $850,000

Tax Information:

  • Annual Amount: $6,076
  • 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

626 E 54th St vs Los Angeles

250 DAYS ON ROCKET

+212 Days

$850,000

-$173.4K Less

KEY TAKEAWAY

This property is $173.4K less than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24052353

Listing Office:

  • Office Name: Action Realty Task Holdings
  • Office Phone: (714) 823-7171
  • Listing Agent: Mooney Lee

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

Oct 12, 2016Home Sold
$455,000
Aug 07, 2013Home Sold
$330,000
Jun 18, 2007Home Sold
$403,725
Mar 11, 2004Home Sold
$305,000
Nov 12, 2002Home Sold
$239,000
Jun 25, 2002Home Sold
$182,000
May 11, 2000Home Sold
$135,000
Jun 20, 1997Home Sold
$180,000
Apr 16, 1997Home Sold
$95,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,076$487,849
2020$5,897$482,848
2019$5,829$473,382
2018$5,703$464,100
2017$5,703$455,000

History based on county public records data.

Payment Calculator

$4,310

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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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-490403
3
/10

  • 49th Street Elementary School

  • 750 E 49th St

  • 0.39 miles

  • Public District Grades KG-5

school-card-donut-490404
5
/10

  • Aurora Elementary School

  • 1050 E 52nd Pl

  • 0.45 miles

  • Public District Grades KG-5

school-card-donut-490405
4
/10

  • Main Street Elementary School

  • 129 E 53rd St

  • 0.51 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 $32,867. Residents of Los Angeles, CA typically earn less than $35k each year. Typical family type is married, with kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 626 E 54th St

What is the listing price of this property?

The listing price of 626 E 54th St property is $850,000.

What type of property is this?

The property 626 E 54th St is a house located in Los Angeles, California, 90011.

Is this property for sale now?

Active Listing: 626 E 54th 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 $6,076 (source: MLS/based on county public records data).

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

The last sale was on October 12, 2016 for $455,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 626 E 54th St is 1924.

Rocket Homes›California›Los Angeles County›Los Angeles›90011›626 E 54th St

This home is located at 626 E 54th St in Los Angeles, CA and zip code 90011 in the South LA neighborhood. This home, which was built in 1924, sits on a 0.11 acre lot. It has been listed on Rocket Homes since March 17, 2024 and is currently priced at $850,000.

Over 598 listings were sold over their listed price in October 2024 in Los Angeles, CA. In the same period over 753 listings were sold below the listed price and 191 listings were sold for the listed price. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. In October 2024 median list price was $1,023,474 and the average listing age was 38 days.

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

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