NOT LISTED FOR SALE

1651 E 42nd St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $850,000 - $1,242,000

8 Beds
4 Baths
3,024 Sq Ft
$326/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $840,000 $278 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,190/month

151 Days on Market

Highlights

  • Property is near public transit
  • 5-minute walk to Vernon Station
  • Laundry Room
  • Converted Garage

About This Home

As of July 2021

Well kept 4 unit apartment. Easy access to major freeways, downtown and industrial city of Vernon and 1 block to Blue Line Metro Rail Station and good public transportation in every direction. Each unit has 2 bedrooms. Laundry room is located in premise. 4 parking spaces plus 2 car detached garage that used to be 3 bedroom 2 bath living space which can be easily converted back to living area since plumbing, drain and gas lines are all present with new city ordinance. Next to Metro rail and bus stops.

Last Agent to Sell the Property

Joshua Cho

Joshua Cho, Broker License #01018822 Listed on: 01/23/2021

Last Buyer's Agent

Connie Kim

New Star Realty & Investment License #01236688

New Star Realty & Investment

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,223

Year Built

  • Built in 1965

Lot Details

  • 5,318 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage
  • Converted Garage
  • Parking Available

Home Design

  • 3,024 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tax Lot 39
  • Assessor Parcel Number 5116014016

Community Details

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $1,200
  • Trash Expense $1,300
  • Water Sewer Expense $2,500
  • New Taxes Expense $9,400
  • Operating Expense $15,000
  • Gross Income $52,800
  • Net Operating Income $37,800

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,223

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2500.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5116014016
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 277.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Converted Garage
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 5318.00
  • Lot Size Acres: 0.1221

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 52800.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5318.0000 Square Feet
  • Net Operating Income: 37800.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 15000.00
  • Rent Control: Yes
  • Total Actual Rent: 4400.00
  • Total Expenses: 15000.00

Tax Info

  • New Taxes Expense: 9400.00
  • Tax Census Tract: 2281.00
  • Tax Lot: 39

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2021
Closed on
Jun 10, 2021
Sold by
Lm Gregory and Lm Nancy
Bought by
Kim Kimi H
Seller's Agent
Joshua Cho
Joshua Cho, Broker
Buyer's Agent
Connie Kim
New Star Realty & Investment
List Price
$895,000
Sold Price
$840,000
Premium/Discount to List
-$55,000
-6.15%
Current Estimated Value
$987,251

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,251
Avg. Annual Appreciation
2.86%

Purchase Details

Closed on
Aug 19, 2008
Sold by
Rodriguez Eloy and Rodriguez Maria
Bought by
Im Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 5, 2006
Sold by
Becerra Ramon and Becerra Rubicelia
Bought by
Rodriguez Eloy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,000
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2001
Sold by
Becerra Maria Teresa
Bought by
Becerra Jose Amaral

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,300
Interest Rate
7.14%

Purchase Details

Closed on
May 3, 2001
Sold by
Correa Felix and Correa Oralia
Bought by
Becerra Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,300
Interest Rate
7.14%
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
Kim Kimi H $840,000 California Best Title
Im Gregory $280,000 Ntc
Rodriguez Eloy $655,000 Chicago Title
Becerra Jose Amaral -- Southland Title
Becerra Ramon $197,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Im Gregory $173,500
Previous Owner Im Gregory $180,000
Previous Owner Rodriguez Eloy $524,000
Previous Owner Becerra Ramon $315,030
Previous Owner Becerra Ramon $177,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2021 07/09/21 Sold $840,000 -6.1% $278 / Sq Ft
01/23/2021 01/23/21 For Sale $895,000 -- $296 / 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 $10,223 $827,773 $469,017 $358,756
2024 $10,223 $811,543 $459,821 $351,722
2023 $10,030 $795,631 $450,805 $344,826
2022 $9,571 $780,031 $441,966 $338,065
2021 $6,164 $485,622 $248,166 $237,456
2020 $6,220 $480,644 $245,622 $235,022
2019 $5,986 $471,220 $240,806 $230,414
2018 $5,896 $461,982 $236,085 $225,897
2016 $5,614 $444,044 $226,918 $217,126
2015 $5,535 $437,375 $223,510 $213,865
2014 $5,226 $400,000 $190,000 $210,000
Source: Public Records

Agents Affiliated with this Home

  • Joshua Cho

    Seller's Agent in 2021

    Joshua Cho

    Joshua Cho, Broker

    (714) 870-0300

    1 in this area

    56 Total Sales

    Joshua Cho
    Section Image

  • C

    Buyer's Agent in 2021

    Connie Kim

    New Star Realty & Investment

    (310) 749-7973

    1 in this area

    19 Total Sales

    Connie Kim
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21015328

California Regional Multiple Listing Service (CRMLS)

APN: 5116-014-016

California Los Angeles County Los Angeles 90011 Central Alameda

1651 E 42nd St, Los Angeles, CA

This home is located at 1651 E 42nd St, Los Angeles, CA 90011 since 23 January 2021 and is currently estimated at $987,251, approximately $326 per square foot. This property was built in 1965. 1651 E 42nd St is a home located in Los Angeles County with nearby schools including Ascot Avenue Elementary School, Thomas Jefferson Senior High School, and Nava College Preparatory Academy.

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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