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1024 West 56th Street

1024 West 56th Street, Los Angeles, CA 90037
Property in Voices of 90037
Sold Feb 15, 2013
$247,000
$242,526 by Residential Bancorp
Mortgage Due Mar 01, 2043
Sold Jun 14, 2012
$140,001
$112,000 by Andrew Kwiat Etal
Mortgage
1024 West 56th Street in Los Angeles, CA was first built in 1921 and is 103 years old. Although, the building on the property was most recently renovated and altered in 1942. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1024 West 56th Street has 1,176 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 1,280. In total, the area measurement of the land is 5,120 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1024 West 56th Street was last sold in Dec 8, 2012 for $247,000. According to our calculations, that's $210.03 per sqft. Prior to that sales transaction, the property was sold for $140,001 in May 14, 2012. Current property owners are expected to pay $3,633 in taxes per year. The property on 1024 West 56th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $292,341. To break that down further, the land itself was valued at $233,876. While improvements to the property were assessed at a total of $58,465. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1942
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,120
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,176
  • Building Area: 1,176
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,176
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE WESTERLY TRACT
  • Land Acres: 0.118
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WESTERLY TRACT LOT/SEC 111

Ownership

  • Current Owner : MENDOZA JOSE
  • Current Owner 2: LOPEZ SILMA
  • Previous Owner : DIAZ GENARO VASQUEZ
  • Owner Before Previous Owner: TARPON ACQUISITION LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 232602

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 51-F4
  • Parcel: 5002-019-009
  • Lot: 111
  • Municipality: WEST /SO. WEST L.A.
  • Latitude: 33.9912
  • Longitude: -118.292

    Address

  • Full Address: 1024 W 56th St
  • Address - House Number: 1024
  • Street Direction: W
  • Address - Street Name: 56th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C024
  • 4-Digit Zip Code: 3902
  • Zip Code: 90037

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,633
  • Tax Rate Code Area: 00-212

    Appraisal Valuation

  • Standard Deviation: 0.2318
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 67
  • Final Value: 676,235
  • High Value: 832,995
  • Low Value: 519,476

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $242,526
  • First Open Lien Mortgage Lender: RESIDENTIAL BANCORP
  • First Open Lien Mortgage Recording Date: Feb 15, 2013
  • First Open Lien Mortgage Loan Amount: $242,526
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2043

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $292,341
  • Assessed Land Value: $233,876
  • Assessed Improvements Value: $58,465

    Sales

  • Current Sale Contract Date: Dec 08, 2012
  • Current Sale Recording Date: Feb 15, 2013
  • Current Sale Transaction ID: 1034455400
  • Current Sale Price: $247,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 13- 0245574
  • Previous Sale Recording Date: Jun 14, 2012
  • Previous Sale Contract Date: May 14, 2012
  • Previous Sale Amount: $140,001
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: RESIDENTIAL BANCORP
  • First Mortgage Transaction Date: Feb 15, 2013
  • First Mortgage Loan Amount: $242,526
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2043

    Previous Mortgages

  • Previous Mortgage Lender: ANDREW KWIAT ETAL
  • Previous Mortgage Transaction Date: Jun 14, 2012
  • Previous Mortgage Loan Amount: $112,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

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Frequently Asked Questions

What neighborhood is 1024 West 56th Street located in?
The 1024 West 56th Street is a located in the neighborhood of Voices of 90037 in South LA, Los Angeles.
What is the average sales price for listings in 1024 West 56th Street?
The average sales price for units in 1024 West 56th Street is $0 currently.

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