NOT LISTED FOR SALE

1001 E 42nd St Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $758,385 - $907,000

5 Beds
3 Baths
1,752 Sq Ft
$466/Sq Ft Est. Value

Last Sold March 10, 2016

Last sale price $419,000 $239 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $4,838/month

166 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Two Homes on a Lot
  • Laundry Room
  • Wrought Iron Fence

About This Home

As of March 2016

Great opportunity to own this terrific duplex with rental cash flow! 2 separate and detached units on a lot. This is an ideal investment for new and established investors alike in an up-and-coming neighborhood with straightforward operations and long-term potential. Front house features 2 bedrooms 1 bath. Rear house features 3 bedrooms 2 baths. Master bedroom has its own full bathroom. Newer windows. This property features a diverse and attractive mix. Long driveway big enough to park several cars. Property is gated with front yard.

Last Agent to Sell the Property

Ramon Sanchez

Century 21 Allstars License #01104461 Listed on: 10/23/2015

Century 21 Allstars

Last Buyer's Agent

Herb Diaz

PLF Real Estate Solutions License #01458024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,090

Year Built

  • Built in 1922

Lot Details

  • 5,003 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Chain Link Fence
  • Front Yard

Interior Spaces

  • 1,752 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • Parking Available
  • Driveway

Additional Homes

  • Two Homes on a Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 7
  • Tax Tract Number 2283
  • Assessor Parcel Number 5115022024

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,248
  • Other Expense $22,025
  • Trash Expense $790
  • Water Sewer Expense $790
  • New Taxes Expense $5,053
  • Gross Income $3,025
  • Net Operating Income $6,394

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,090

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 790.00
  • Property Type: Residential Income
  • Parcel Number: 5115022024
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 1
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Levels: One
  • Price Per Square Foot: 239.16

Exterior Features

  • Other Structures: Two On A Lot
  • Fencing: Chain Link, Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Trash Expense: 790.00
  • Water Source: Public
  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5003.00
  • Price Per Lot Square Foot: 83.75
  • Lot Size Acres: 0.1150

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 3025.00
  • Gross Scheduled Income: 36300.00
  • Insurance Expense: 1248.00
  • Lot Size Area: 5003.0000 Square Feet
  • Net Operating Income: 6394.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 29906.00
  • Other Expense: 22025.00
  • Other Expense Description: Mortgage
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5053.00
  • Tax Lot: 7
  • Tax Tract Number: 2283

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2016
Sold by
Galvan Gomez Hector and Galvan Mendez Silvia
Bought by
Galvan Gomez Hector and Galvan Mendez Silvia
Current Estimated Value
$815,846

Purchase Details

Listed on
Oct 23, 2015
Closed on
Mar 3, 2016
Sold by
Romero Yensi Damaris Casco
Bought by
Gomez Hector J
Seller's Agent
Ramon Sanchez
Century 21 Allstars
Buyer's Agent
Herb Diaz
PLF Real Estate Solutions
List Price
$399,000
Sold Price
$419,000
Premium/Discount to List
$20,000
5.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.18%
Original Mortgage
$411,410
Outstanding Balance
$329,766
Interest Rate
4.12%
Mortgage Type
FHA
Estimated Equity
$486,080

Purchase Details

Listed on
Oct 23, 2015
Closed on
Feb 17, 2016
Sold by
Pantoja Wendy
Bought by
Galvan Gomez Hector and Galvan Mendez Silvia
Seller's Agent
Ramon Sanchez
Century 21 Allstars
Buyer's Agent
Herb Diaz
PLF Real Estate Solutions
List Price
$399,000
Sold Price
$419,000
Premium/Discount to List
$20,000
5.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$411,410
Outstanding Balance
$329,766
Interest Rate
4.12%
Mortgage Type
FHA
Estimated Equity
$486,080

Purchase Details

Closed on
Mar 4, 2015
Sold by
Silva Hugo and Pantoja Wendy
Bought by
Pantoja Wendy

Purchase Details

Closed on
Mar 12, 2008
Sold by
Silva Hugo and Pantoja Wendy
Bought by
Silva Hugo and Pantoja Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
5.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2005
Sold by
City University Los Angeles
Bought by
Silva Hugo and Pantoja Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.62%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 6, 2002
Sold by
Gale Aubry Wesley
Bought by
City University Los Angeles
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Galvan Gomez Hector -- Accommodation
Gomez Hector J -- None Available
Galvan Gomez Hector $419,000 None Available
Pantoja Wendy -- Chicago Title Company
Silva Hugo -- First American Title Company
Silva Hugo $350,000 Multiple
City University Los Angeles -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galvan Gomez Hector $411,410
Previous Owner Silva Hugo $372,000
Previous Owner Silva Hugo $245,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2016 03/10/16 Sold $419,000 +5.0% $239 / Sq Ft
01/04/2016 01/04/16 Pending -- -- --
07/22/2015 07/22/15 For Sale $399,000 -- $228 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,090 $496,003 $224,917 $271,086
2024 $6,090 $486,278 $220,507 $265,771
2023 $5,974 $476,744 $216,184 $260,560
2022 $5,700 $467,397 $211,946 $255,451
2021 $5,623 $458,234 $207,791 $250,443
2020 $5,676 $453,537 $205,661 $247,876
2019 $5,456 $444,645 $201,629 $243,016
2018 $5,358 $435,927 $197,676 $238,251
2016 $5,100 $411,333 $173,155 $238,178
2015 $5,027 $405,156 $170,555 $234,601
2014 $5,054 $397,221 $167,215 $230,006
Source: Public Records

Agents Affiliated with this Home

  • Ramon Sanchez

    Seller's Agent in 2016

    Ramon Sanchez

    Century 21 Allstars

    (562) 715-3103

    128 Total Sales

    Ramon Sanchez
    Section Image
  • Herb Diaz

    Buyer's Agent in 2016

    Herb Diaz

    PLF Real Estate Solutions

    (562) 639-9636

    1 in this area

    99 Total Sales

    Herb Diaz
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW15170089

California Regional Multiple Listing Service (CRMLS)

APN: 5115-022-024

California Los Angeles County Los Angeles 90011 Historic South Central

1001 E 42nd St, Los Angeles, CA

This home is located at 1001 E 42nd St, Los Angeles, CA 90011 since 23 October 2015 and is currently estimated at $815,846, approximately $465 per square foot. This property was built in 1922. 1001 E 42nd St is a home located in Los Angeles County with nearby schools including Harmony Elementary School, George Washington Carver Middle School, and Thomas Jefferson Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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. Properties may or may not be listed by the office/agent presenting the information

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