NOT LISTED FOR SALE

1044 E 42nd Place Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $889,000 - $1,144,000

9 Beds
5 Baths
3,402 Sq Ft
$292/Sq Ft Est. Value

Last Sold August 20, 2013

Last sale price $470,000 $138 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $5,707/month

1 Day on Market

About This Home

As of August 2013

GREAT OPPORTUNITY, TO OWN FOUR UNITS, LIVE IN ONE AND RENT THE OTHERS, BACK UNITS WERE REBUILT IN 2008, OAK KITCHEN CABINETS WITH GRANITE COUNTERS, NEW A/C SYSTEM, CLOSE TO ALL AMENITIES.

Last Agent to Sell the Property

James Ruiz

OPTION ONE REALTY & INVESTMENT License #01415230 Listed on: 06/10/2013

Last Buyer's Agent

James Ruiz

OPTION ONE REALTY & INVESTMENT License #01415230 Listed on: 06/10/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 5,162 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard

Parking

  • 4 Parking Spaces

Home Design

  • 3,402 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 46
  • Assessor Parcel Number 5115018009

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

5,162 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5115018009
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 138.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 5162.00
  • Lot Size Acres: 0.1190

Multi Family

  • Lot Size Area: 5162.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Lot: 46
  • Tax Tract Number: UNK
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2013
Closed on
Jul 8, 2013
Sold by
Magana Elias
Bought by
Quintana Juan
Seller's Agent
James Ruiz
OPTION ONE REALTY & INVESTMENT
Buyer's Agent
James Ruiz
OPTION ONE REALTY & INVESTMENT
List Price
$475,000
Sold Price
$470,000
Premium/Discount to List
-$5,000
-1.05%
Current Estimated Value
$993,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$523,672
Avg. Annual Appreciation
6.16%

Purchase Details

Closed on
Feb 24, 2010
Sold by
Crisette Llc
Bought by
Magana Elias

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,660
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 13, 2009
Sold by
Lem Gan and Lem Ivana
Bought by
Crisette Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,850
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2005
Sold by
Lem Gan and Lem Ivana
Bought by
Dawncrest Properties Llc

Purchase Details

Closed on
Jul 6, 2005
Sold by
Champion Christopher
Bought by
Lem Gan and Lem Ivana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,000
Interest Rate
3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 16, 2004
Sold by
Castlegate Funding Llc
Bought by
Champion Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2004
Sold by
Plascencia Juan Jose and Leyva Daniel
Bought by
Castlegate Funding Llc

Purchase Details

Closed on
Aug 3, 2000
Sold by
Sanchez Efren and Sanchez Reynalda
Bought by
Plascencia Juan Jose and Leyva Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,078
Interest Rate
8.01%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Quintana Juan $470,000 Title 365
Magana Elias $350,000 Pacific Coast Title Company
Crisette Llc $245,000 Pacific Coast Title Company
Dawncrest Properties Llc -- None Available
Lem Gan $695,000 Southland Title
Champion Christopher $500,000 Equity Title
Castlegate Funding Llc $390,000 --
Plascencia Juan Jose $235,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magana Elias $343,660
Previous Owner Crisette Llc $272,850
Previous Owner Lem Gan $556,000
Previous Owner Champion Christopher $425,000
Previous Owner Plascencia Juan Jose $233,078
Closed Lem Gan $69,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2013 08/20/13 Sold $470,000 -1.1% $138 / Sq Ft
06/11/2013 06/11/13 Pending -- -- --
06/10/2013 06/10/13 For Sale $475,000 -- $140 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,234 $576,145 $269,684 $306,461
2024 $7,234 $564,849 $264,397 $300,452
2023 $7,100 $553,774 $259,213 $294,561
2022 $6,778 $542,917 $254,131 $288,786
2021 $6,686 $532,273 $249,149 $283,124
2019 $6,492 $517,067 $241,760 $275,307
2018 $6,408 $506,941 $237,020 $269,921
2017 $6,270 $496,433 $232,373 $264,060
2016 $6,109 $486,700 $227,817 $258,883
2015 $6,023 $479,390 $224,395 $254,995
2014 $6,099 $470,000 $220,000 $250,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    James Ruiz

    OPTION ONE REALTY & INVESTMENT

    (626) 825-7325

    24 Total Sales

    James Ruiz
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV13111319

California Regional Multiple Listing Service (CRMLS)

APN: 5115-018-009

California Los Angeles County Los Angeles 90011 Historic South Central

1044 E 42nd Place, Los Angeles, CA

Not Listed for Sale

MultiFamily

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