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Sold for $1,300,000
  • $1,300,000

    438 E 56th St, Los Angeles, CA 90011

    7beds
    4baths
    2,219sqft
    Multi Family
    Built in 2024
    -- sqft lot
    $1,280,100 Zestimate®
    $586/sqft
    $2,967 Estimated rent

    Home value

    $1,280,100

    $1.15M - $1.42M

    $2,967/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Enrique Viramontes DRE # 01372010 213-233-4363,

    Remax Commercial and Investment Realty 213-817-1000

    Bought with:

    Toyin Olaoye, DRE # 01446381

    Real Estate Source, Inc.

    Source: CLAW,MLS#: 24-377657MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    Heating
    • Wall
    Cooling
    • Air Conditioning
    Interior area
    • Total structure area: 2,219
    • Total interior livable area: 2,219 sqft

    Property

    Parking
    • Parking features: Driveway
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 5,096 Square Feet
    • Dimensions: 40 x 127
    Details
    • Additional structures: None
    • Parcel number: 5101004022
    • Zoning: LAR2
    • Special conditions: Standard
    • Other equipment: Other

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 2024

    Community & HOA

    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $586/sqft
    • Tax assessed value: $184,637
    • Annual tax amount: $6,213
    • Date on market: 4/8/2024

    Price history

    DateEventPrice
    10/3/2025Listing removed$3,000$1/sqft
    Source: Zillow Rentals Report a problem
    9/3/2025Listed for rent$3,000+1.7%$1/sqft
    Source: Zillow Rentals Report a problem
    9/3/2025Listing removed$2,950$1/sqft
    Source: Zillow Rentals Report a problem
    8/14/2025Listed for rent$2,950$1/sqft
    Source: Zillow Rentals Report a problem
    8/14/2025Listing removed$2,950$1/sqft
    Source: Zillow Rentals Report a problem
    8/2/2025Listed for rent$2,950-2.6%$1/sqft
    Source: Zillow Rentals Report a problem
    1/17/2025Sold$1,300,000-3.6%$586/sqft
    Source: CLAW #24-377657 Report a problem
    1/8/2025Contingent$1,349,000$608/sqft
    Source: CLAW #24-377657 Report a problem
    11/23/2024Listing removed$3,030$1/sqft
    Source: Zillow Rentals Report a problem
    11/6/2024Price change$1,349,000-3.6%$608/sqft
    Source: CLAW #24-377657 Report a problem
    10/9/2024Pending sale$1,399,000$630/sqft
    Source: CLAW #24-377657 Report a problem
    10/3/2024Listing removed$1,399,000$630/sqft
    Source: CLAW #24-377657 Report a problem
    9/30/2024Price change$1,399,000-0.1%$630/sqft
    Source: CLAW #24-377657 Report a problem
    9/25/2024Pending sale$1,400,000$631/sqft
    Source: CLAW #24-377657 Report a problem
    9/16/2024Listed for sale$1,400,000$631/sqft
    Source: CLAW #24-377657 Report a problem
    9/3/2024Contingent$1,400,000$631/sqft
    Source: CLAW #24-377657 Report a problem
    8/8/2024Pending sale$1,400,000$631/sqft
    Source: CLAW #24-377657 Report a problem
    7/24/2024Listed for rent$3,030-0.7%$1/sqft
    Source: Zillow Rentals Report a problem
    7/24/2024Listing removed--
    Source: Zillow Rentals Report a problem
    7/15/2024Listed for sale$1,400,000+185.7%$631/sqft
    Source: CLAW #24-377657 Report a problem
    6/21/2024Listed for rent$3,052$1/sqft
    Source: Zillow Rentals Report a problem
    6/21/2024Listing removed--
    Source: Zillow Rentals Report a problem
    6/11/2024Listed for rent$3,052$1/sqft
    Source: Zillow Rentals Report a problem
    6/11/2024Listing removed--
    Source: Zillow Rentals Report a problem
    4/16/2024Listed for rent$3,052$1/sqft
    Source: Zillow Rentals Report a problem
    4/16/2024Listing removed--
    Source: Zillow Rentals Report a problem
    7/12/2023Sold$490,000+292%$221/sqft
    Source: Public Record Report a problem
    3/15/2000Sold$125,000$56/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,213 +1%$499,800 +2%
    2024$6,151 +156%$490,000 +165.4%
    2023$2,403 +4.7%$184,637 +2%
    2022$2,295 +1.5%$181,018 +2%
    2021$2,262 -0.8%$177,469 +1%
    2020$2,280 $175,650 +2%
    2019$2,280 +7.7%$172,207 +2%
    2018$2,117 $168,832 +2%
    2017$2,117 +2.3%$165,522 +2%
    2016$2,069 +2.8%$162,278 +1.5%
    2015$2,012 +0.8%$159,842 +2%
    2014$1,996 $156,712 +2.5%
    2012-- $152,947 +2%
    2011-- $149,949 +9.5%
    2010-- $137,000 -8.2%
    2009-- $149,185 +2%
    2008-- $146,260 +2%
    2007-- $143,393 +2%
    2006-- $140,582
    2005-- $140,582 +4%
    2004-- $135,124 +1.9%
    2003-- $132,649 +2%
    2002-- $130,049 +850.2%
    2000-- $13,686
    Find assessor info on the county website

    Neighborhood: Southeast Los Angeles

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,280,100
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,280,100