1036 West 55th Street

Los Angeles, CA 90037

$859,000
Price
4
Beds
2
Baths
1,836 Sq. Ft.
$468 / Sq. Ft.
1,836
Sq. Ft.
$468
per Sq. Ft.

Description

Welcome to the 55th Street Duplex! This is truly a perfect real estate opportunity for anyone looking to take advantage of a long term investment or to achieve passive income. Each unit is an open concept with living room and kitchen, 2 bedrooms, 1 bath and an office. Freshly renovated with vinyl flooring and carpet, fresh paint, electrical, plumbing, countertops, sinks in the kitchen and bathroom and water heaters. The property comes with plenty of parking in the back and there is also an opportunity...Welcome to the 55th Street Duplex! This is truly a perfect real estate opportunity for anyone looking to take advantage of a long term investment or to achieve passive income. Each unit is an open concept with living room and kitchen, 2 bedrooms, 1 bath and an office. Freshly renovated with vinyl flooring and carpet, fresh paint, electrical, plumbing, countertops, sinks in the kitchen and bathroom and water heaters. The property comes with plenty of parking in the back and there is also an opportunity to build an ADU and increase your income. Preliminary architectural ADU plans have been drafted and can be made as part of the sale. Centrally located, close to Downtown LA, in great proximity to major freeways, Sofi Stadium, Crypto Stadium, USC and LAX. One unit is vacant and the other unit is occupied with a tennant who is moving at the end of September. Both units will be DELIVERED VACANT. Hurry up! This classic 1921 home just received an incredible makeover and it won’t last long. Don’t miss this great financial real estate investment.
  1. Listed by Brenda Hailey • DRE #02123620 • Brokerage DRE #02188471 • eXp Realty of Greater Los Angeles, Inc. • 310-266-9890

Property Details for 1036 West 55th Street

View
None
Parking Spaces Total
6
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1836
LISTING UPDATED: 09/14/2024 07:23 AM

Property Details for 1036 West 55th Street

StatusActive
MLS #BB24141406
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential Income
Year Built1921
Lot Size0.13 AC / 5,877 SF
CountyLos Angeles County

Building Information for 1036 West 55th Street

Stories1Residences-Year Built1921Building Size-Lot Size0.13 AC / 5,877 SF

Property Information for 1036 West 55th Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Parking Fee
Income / Expense / Tax Details
Income Details
  • Gross Income: $78,000
  • Gross Scheduled Income: $78,000
  • Vacancy Allowance Rate: 1
  • Gross Operating Income: $78,000
  • Net Operating Income: $63,810
  • Gross Multiplier: 11.4
Expense Details
  • Operating Expense: $14,190
  • Gardener Expense: $720
  • Licenses Expense: $450
  • Insurance Expense: $1,200
  • Other Expense: $11,340
  • Other Expense Description: Prop tax
  • Trash Expense: $240
  • Water Sewer Expense: $240
  • Total Expenses: $14,190
Tax / Assessment Info
  • Tax Tract Number: 232...
  • Tax Census Tract: 2326.02
  • CFD/Mello-Roos Fee: $366
  • Tax Lot: 50
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Gas Range, Water Heater
  • Equipment: N/K, Gas Range
  • Interior Features: Built-in Features
  • Room Type: Den, Kitchen, Living Room, Main Floor Bedroom
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Bedroom Features: Main Floor Bedroom
  • Laundry: No
  • Laundry Features: None
  • Laundry Location: N/K
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Heat Equipment: Wall/Gravity
  • Floor Coverings: Carpet, Laminate
  • Flooring: Carpet, Laminate
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Entry Location: Front
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Wrought Iron
  • Structure Type: Duplex
  • Property Condition: Updated/Remodeled
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lease Considered: No
  • Number Of Units: 2
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Uncovered
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Non-Garage: Uncovered
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Concrete, Uncovered
Property / Structure Info
  • Residential Styles: Townhome
  • Residential Unit Location: 1 common wall
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3300
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 2
  • Number With Refrigerator: 0
  • Number With Carpet: 2

Property History for 1036 West 55th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1036 West 55th Street

Taxable ValueLand$359,359Additions$235,244Total$594,603
Tax Record2023$7,498 ($625 / month)
Home Facts
Total Finished SqFt1,836 SqFtAbove Grade Finished SqFt1,836 SqFtLot Size5,877 SqFtStyleDuplexYear Built1921ZoningLAR2CountyLOS ANGELESAPN5002-022-006

Schools near 1036 West 55th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Fifty-Second Street Elementary School
PublicK to 5

John Muir Middle School
Public6 to 8

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.

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1036 West 55th Street is a townhouse for sale in Los Angeles, CA 90037. This property was listed for sale on August 22, 2024 by eXp Realty of Greater Los Angeles, Inc., it's currently listed at $859,000. It has been on the market for a total of 22 days and was last sold on January 27, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Fifty-Second Street Elementary School, John Muir Middle School and Augustus F. Hawkins High A Critical Design And Gaming. 1036 West 55th Street is a 4-bed, 2-bath, 1,836 sqft townhouse built in 1921.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of Greater Los Angeles, Inc., Brenda Hailey, DRE #02123620

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.