NOT LISTED FOR SALE

Estimated Value: $1,105,000 - $1,388,000

6 Beds
4 Baths
4,018 Sq Ft
$306/Sq Ft Est. Value

Last Sold April 12, 2022

Last sale price $1,095,000 $273 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $7,738/month

52 Days on Market

Highlights

  • Wood Flooring
  • Double Pane Windows
  • Tankless Water Heater
  • Balcony
  • Cooling System Mounted To A Wall/Window
  • Detached Carport Space

About This Home

As of April 2022

1035 W 42nd Pl is the perfect opportunity to own near USC, California Science Center, the 110 and 10 freeways and Downtown with immediate cash flow. Offered at $272 per sq ft, the property underwent major renovations in 2011 including: full copper plumbing, upgraded electrical, newer roof, hardwood floors, double pane windows throughout, tankless water heaters, granite countertops and more! Each unit offers 1,004 sq. ft. of living with separate kitchen, living room, bedroom, bathroom, and w & D hookups. The two upper units have been converted to two bedrooms, and the lower 1 bedrooms have the same potential.

Last Agent to Sell the Property

Patrick Barnes

Real Estate One License #01802953 Listed on: 01/03/2022

Real Estate One

Last Buyer's Agent

Ali Sanchez

Keller Williams South Bay License #01725423

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,404

Year Built

  • Built in 1924

Lot Details

  • 6,750 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Rectangular Lot

Home Design

  • Stucco

Interior Spaces

  • 6 Bedrooms
  • 4,018 Sq Ft Home
  • Double Pane Windows
  • Wood Flooring

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Detached Carport Space
  • Parking Available

Outdoor Features

  • Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Tankless Water Heater
  • Sewer Paid

Listing and Financial Details

  • Assessor Parcel Number 5020027015

Community Details

Overview

  • 4 Units
  • Not Applicable 105 Subdivision

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,722
  • Maintenance Expense $6,505
  • Other Expense $465
  • Water Sewer Expense $5,905
  • Net Operating Income $47,923

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,404

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 273750
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Not Applicable-105
  • Water Sewer Expenses: 5905.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 5020027015
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 272.52
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Detached Carport

Utilities

  • Appliances: Tankless Water Heater
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Lot Info

  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6750.00
  • Lot Size Acres: 0.1550

Multi Family

  • Average1 Bed Area: 1004
  • Insurance Expense: 1722.00
  • Lot Size Area: 6750.0000 Square Feet
  • Maintenance Expense: 6505.00
  • Net Operating Income: 47923.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Other Expense: 465.00

Tax Info

  • Tax Annual Amount: 4404.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2022
Sold by
Lee Leon
Bought by
1035 W 42Nd P1 Llc
Current Estimated Value
$1,228,273

Purchase Details

Closed on
Jul 18, 2017
Sold by
Cardullo Patrick
Bought by
Cardullo Patrick and Clenney Wiliam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2011
Sold by
Fannie Mae
Bought by
Cardullo Patrick

Purchase Details

Closed on
Mar 21, 2011
Sold by
Padilla Alfonso
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 3, 2009
Sold by
Padilla Paula
Bought by
Padilla Alfonso

Purchase Details

Closed on
Jul 6, 2007
Sold by
Hsbc Bank Usa
Bought by
Padilla Alfonso and Padilla Paula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,935
Interest Rate
8.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 5, 2007
Sold by
Meade Kenneth
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
Apr 21, 2006
Sold by
Ruff Stacey
Bought by
Meade Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,000
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 2, 2005
Sold by
Zelaya Christina
Bought by
Ruff Stacey and Ruff Stacey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
8.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2003
Sold by
Ruff Stacey
Bought by
Zelaya Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2000
Sold by
Moody Robert J
Bought by
Zelaya Cristina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,000
Interest Rate
7.08%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
1035 W 42Nd P1 Llc -- --
Cardullo Patrick -- None Available
Cardullo Patrick $282,000 Old Republic Title Company
Federal National Mortgage Association $535,332 None Available
Padilla Alfonso -- None Available
Padilla Alfonso $650,000 First American Title Ins Co
Hsbc Bank Usa Na $639,000 None Available
Meade Kenneth $680,000 Investors Title Company
Ruff Stacey -- Investors Title Company
Zelaya Christina -- Investors Title Company
Zelaya Christina -- Investors Title Company
Zelaya Cristina $143,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cardullo Patrick $390,000
Previous Owner Padilla Alfonso $584,935
Previous Owner Meade Kenneth $612,000
Previous Owner Ruff Stacey $504,000
Previous Owner Zelaya Christina $224,000
Previous Owner Zelaya Cristina $151,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2022 04/12/22 Sold $1,095,000 0.0% $273 / Sq Ft
03/15/2022 03/15/22 Off Market $1,095,000 -- --
01/03/2022 01/03/22 For Sale $1,095,000 -- $273 / 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 $14,706 $1,196,460 $806,310 $390,150
2024 $14,706 $1,173,000 $790,500 $382,500
2023 $14,033 $1,116,900 $612,000 $504,900
2022 $4,524 $333,768 $248,554 $85,214
2021 $4,446 $327,225 $243,681 $83,544
2019 $4,325 $317,521 $236,454 $81,067
2018 $6,929 $540,888 $336,408 $204,480
2016 $3,966 $299,210 $222,817 $76,393
2015 $3,913 $294,717 $219,471 $75,246
2014 $3,954 $288,945 $215,172 $73,773
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320008814

California Regional Multiple Listing Service (CRMLS)

APN: 5020-027-015