NOT LISTED FOR SALE

1585 E 42nd St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $631,000 - $809,225

5 Beds
2 Baths
1,366 Sq Ft
$527/Sq Ft Est. Value

Sale Details

Date Sold: August 7, 2019

Last sale price $520,000 $381 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,493 / mo

16 Days on Market

Highlights

  • No HOA
  • Living Room
  • Laundry Room
  • Neighborhood Views
  • Recessed Lighting
  • Tile Flooring

About This Home

As of August 2019

Great income generating opportunity in the City of Los Angeles! Front unit features two bedrooms, one bath with washer dryer hook-ups and back unit features a smaller three bedrooms, one bath all in a 5,469 lot with a long driveway with enough parking to accommodate both units. Centrally located close to: restaurants, parks, DTLA, local amenities and schools, and minutes away from the 110 freeway.

Last Agent to Sell the Property

Israel Vega Ochoa

Remax Innovative License #02044580 Listed on: 06/12/2019

Remax Innovative

Last Buyer's Agent

Israel Vega Ochoa

Remax Innovative License #02044580 Listed on: 06/12/2019

Remax Innovative

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1907

Lot Details

  • 5,469 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in good condition
  • Paved or Partially Paved Lot
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex

Interior Spaces

  • 1,366 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Living Room
  • Neighborhood Views

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • Parking Available
  • Driveway
  • Uncovered Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating
  • Standard Electricity

Listing and Financial Details

  • Legal Lot and Block 30 / B
  • Assessor Parcel Number 5116015026

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1907

Lot Details

5,469 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5116015026
  • Year Built: 1907
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Recessed Lighting
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 380.67
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Good Condition
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Uncovered

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Paved
  • Lot Size Sq Ft: 5469.00
  • Lot Size Acres: 0.1256

Multi Family

  • Lot Size Area: 5469.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Area: 7
  • Tax Block: B
  • Tax Census Tract: 2281.00
  • Tax Lot: 30
  • Tax Tract: 0000
  • Tax Tract Number: 0000

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2020
Sold by
Bought by
Current Estimated Value
$720,056

Purchase Details

Listed on
Jun 12, 2019
Closed on
Jul 31, 2019
Sold by
Bought by
Seller's Agent
Israel Vega Ochoa
Remax Innovative
Buyer's Agent
Israel Vega Ochoa
Remax Innovative
List Price
$490,000
Sold Price
$520,000
Premium/Discount to List
$30,000
6.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.89%
Original Mortgage
$416,000
Outstanding Balance
$365,085
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$354,971

Purchase Details

Listed on
Jun 12, 2019
Closed on
Jul 30, 2019
Sold by
Bought by
Seller's Agent
Israel Vega Ochoa
Remax Innovative
Buyer's Agent
Israel Vega Ochoa
Remax Innovative
List Price
$490,000
Sold Price
$520,000
Premium/Discount to List
$30,000
6.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Outstanding Balance
$365,085
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$354,971

Purchase Details

Closed on
Jul 16, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 2, 2007
Sold by
Bought by

Purchase Details

Closed on
Jan 4, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.32%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 21, 2005
Sold by
Bought by

Purchase Details

Closed on
Aug 2, 2001
Sold by
Bought by

Purchase Details

Closed on
Jan 3, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,452
Interest Rate
7.74%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 24, 1994
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- Lawyers Title Company
$520,000 Lawyers Title Company
-- Ticor Title Company
$210,000 Ticor Title Company
$423,941 None Available
$520,000 First American Title Co
$390,000 First American Title
-- --
$112,000 Fidelity National Title Ins
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $416,000
Previous Owner $168,000
Previous Owner $168,000
Previous Owner $130,000
Previous Owner $111,452
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/07/2019 08/07/19 Sold $520,000 0.0% $381 / Sq Ft
06/28/2019 06/28/19 Pending -- -- --
06/25/2019 06/25/19 Off Market $520,000 -- --
06/12/2019 06/12/19 For Sale $490,000 -- $359 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,105 $568,691 $415,582 $153,109
2024 $7,025 $557,541 $407,434 $150,107
2023 $6,893 $546,610 $399,446 $147,164
2022 $6,577 $535,893 $391,614 $144,279
2021 $6,495 $525,386 $383,936 $141,450
2020 $6,558 $520,000 $380,000 $140,000
2019 $3,842 $300,134 $161,611 $138,523
2018 $6,194 $294,250 $158,443 $135,807
2016 $3,556 $282,827 $152,292 $130,535
2015 $3,506 $278,580 $150,005 $128,575
2014 $3,529 $273,124 $147,067 $126,057
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2019

    Israel Vega Ochoa

    RE/MAX

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19138376

California Regional Multiple Listing Service (CRMLS)

APN: 5116-015-026

California Los Angeles County Los Angeles 90011 Central Alameda

1585 E 42nd St, Los Angeles, CA

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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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