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216 East 54th Street

216 East 54th Street, Los Angeles, CA 90011
Multifamily in South LA
Sold Nov 30, 2023
$870,000
Sold Dec 11, 2018
$615,000
$553,500 by Crosscountry Mortgage Inc
Mortgage Due Jan 01, 2049
216 East 54th Street in Los Angeles, CA was first built in 1914 and is 110 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a triplex style. There are a total of 0 rooms in the home, of which, 8 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 216 East 54th Street has 2,680 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. In total, the area measurement of the land is 5,332 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 216 East 54th Street sold most recently in Nov 21, 2023 for a total of $870,000. If you work out the math, that's approximately a cost of $324.63 per sqft. Before that, the property was also sold for $615,000 in Nov 2, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,978 in taxes each year. 216 East 54th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $659,402. If we break it down further, the land itself was valued at $418,158. Improvements to the property, however, were assessed at a total of $241,244. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1914
  • Effective Year Built: 1914
  • Building Count: 2
  • Bedroom Count: 8
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Triplex
  • Living Units: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,332
  • Total Building Area: 2,680
  • Gross Building Area: 2,680
  • Building Area: 2,680
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,680
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARK PLACE
  • Land Acres: 0.122
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: PARK PLACE LOT/SEC 7 BLK/DIV/TWN J

Ownership

  • Current Owner : COSYLION MATTHEW
  • Current Owner 2: COSYLION VIRGINIA
  • Previous Owner : GAMBOA EMMANUEL
  • Previous Owner 2: SMAGACZ RYAN
  • Owner Before Previous Owner: MARTINEZ MARIA L FAUSTO
  • Owner Before Previous Owner 2: ENRIQUEZ ROBERT
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 229410

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 52-B3
  • Parcel: 5101-013-007
  • Block: J
  • Lot: 7
  • Municipality: SOUTH /L.A./FLORENCE
  • Latitude: 33.9931
  • Longitude: -118.271

    Address

  • Full Address: 216 E 54th St
  • Address - House Number: 216
  • Street Direction: E
  • Address - Street Name: 54th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C058
  • 4-Digit Zip Code: 5104
  • Zip Code: 90011

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,978
  • Tax Rate Code Area: 00-007

    Appraisal Valuation

  • Standard Deviation: 0.0677
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 96
  • Final Value: 859,516
  • High Value: 917,759
  • Low Value: 801,273

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $659,402
  • Assessed Land Value: $418,158
  • Assessed Improvements Value: $241,244

    Sales

  • Current Sale Contract Date: Nov 21, 2023
  • Current Sale Recording Date: Nov 30, 2023
  • Current Sale Transaction ID: 11917370689
  • Current Sale Price: $870,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 827501
  • Previous Sale Recording Date: Dec 11, 2018
  • Previous Sale Contract Date: Nov 02, 2018
  • Previous Sale Amount: $615,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MK LENDING CORP.
  • First Mortgage Transaction Date: Nov 30, 2023
  • First Mortgage Loan Amount: $696,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: CROSSCOUNTRY MORTGAGE INC
  • Previous Mortgage Transaction Date: Dec 11, 2018
  • Previous Mortgage Loan Amount: $553,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2049

About South LA



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Frequently Asked Questions

What neighborhood is 216 East 54th Street located in?
The 216 East 54th Street is a multifamily located in the neighborhood of South LA in South LA, Los Angeles.
What is the average sales price for listings in 216 East 54th Street?
The average sales price for units in 216 East 54th Street is $584,900 currently.

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