Seller's Agent in 2024
Malika Boudreaux
The Langley Stone Group, Inc.
(626) 463-3400
1 in this area
8 Total Sales
221 W 42nd St Los Angeles, CA 90037
Historic South Central NeighborhoodEstimated Value: $579,000 - $826,163
4
Beds
2
Baths
2,257
Sq Ft
$297/Sq Ft
Est. Value
Highlights
- No HOA
- Family Room
- 1-Story Property
- Bike Trail
- Back Yard
About This Home
As of April 2024**Fantastic Investment Opportunity! Duplex with Potential - $500,000**
Probate Sell, Sold-As-Is WITH TENANTS IN PLACE, NO showings. Write offers subject two inspections.
Welcome to this incredible investment property that offers endless potential for the savvy investor! Located in a highly desirable area, this duplex presents a unique chance to add value and maximize returns. The listing price of $500,000 ensures you can seize the opportunity to own this property and capitalize on the thriving real estate market in the area.
- Type: Duplex Sec. 8 Rents
- Front House: 3 bedrooms, 1.5 bathrooms Rent $1,300
- Back House: 3 bedrooms, 1 bathroom Rent $1,200
**Investor's Dream:**
This duplex property is perfect for an investor buyer looking to make a smart investment. The property needs a full rehab, which allows you to unleash your creativity and design your ideal income-generating property. With a little TLC, you can transform this duplex into a highly desirable rental or even consider living in one unit while renting out the other to supplement your mortgage payments.
**Prime Location:**
The location of this duplex is simply unbeatable. Situated in a sought-after neighborhood with a strong housing market, it offers excellent potential for appreciation. Homes in the area are currently listed for sale at $900,000, highlighting the tremendous opportunity for future gains.
**Endless Possibilities:**
With both units featuring 3 bedrooms, these spacious living spaces have the potential to attract a diverse range of tenants. Whether you decide to renovate and modernize the interiors or maintain the charm of the existing layout, the flexibility is all yours.
Take advantage of this rare chance to secure a duplex with tremendous investment potential. Opportunities like this don't come around often, so act quickly to make this property yours and start unlocking its value.
*Please note that the information provided here is for marketing purposes only and is subject to change. Buyers are advised to conduct their own due diligence before making any purchasing decisions.*
Last Agent to Sell the Property
The Langley Stone Group, Inc. License #02001051 Listed on: 08/01/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,599
Year Built
- Built in 1908
Lot Details
- 4,840 Sq Ft Lot
- No Common Walls
- Back Yard
Parking
- 1 Car Garage
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 2,257 Sq Ft Home
- 1-Story Property
- Family Room
Bedrooms and Bathrooms
- 4 Bedrooms | 6 Main Level Bedrooms
- 2 Full Bathrooms
Listing and Financial Details
- Tax Lot 31
- Tax Tract Number 7
- Assessor Parcel Number 5111018017
- $2,202 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
Recreation
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 1, 2023
Closed on
Apr 3, 2024
Sold by
Hayes Gertrude and Wllis Lonnie
Bought by
Investco Group Llc
Seller's Agent
Malika Boudreaux
The Langley Stone Group, Inc.
Buyer's Agent
Jay Dharmasuriya
Realty Brokerage Group Inc
List Price
$500,000
Sold Price
$550,000
Premium/Discount to List
$50,000
10%
Views
256
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,791
Avg. Annual Appreciation
1.93%
Purchase Details
Closed on
Jan 20, 1995
Sold by
Corpuz Lue
Bought by
Hayes Curtis and Hayes Gertrude
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
9.28%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Investco Group Llc | $550,000 | Wfg National Title | |
| Hayes Curtis | -- | Progressive Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hayes Curtis | $85,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/12/2024 04/12/24 | Sold | $550,000 | +10.0% | $244 / Sq Ft |
| 10/30/2023 10/30/23 | Pending | -- | -- | -- |
| 10/20/2023 10/20/23 | Price Changed | $500,000 | 0.0% | $222 / Sq Ft |
| 10/20/2023 10/20/23 | For Sale | $500,000 | 0.0% | $222 / Sq Ft |
| 09/01/2023 09/01/23 | Pending | -- | -- | -- |
| 09/01/2023 09/01/23 | For Sale | $500,000 | -9.1% | $222 / Sq Ft |
| 08/24/2023 08/24/23 | Off Market | $550,000 | -- | -- |
| 08/01/2023 08/01/23 | For Sale | $500,000 | -- | $222 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $4,599 | $561,000 | $443,700 | $117,300 |
| 2024 | $4,599 | $352,056 | $176,090 | $175,966 |
| 2023 | $4,515 | $345,154 | $172,638 | $172,516 |
| 2022 | $4,312 | $338,387 | $169,253 | $169,134 |
| 2021 | $4,250 | $331,753 | $165,935 | $165,818 |
| 2020 | $4,288 | $328,352 | $164,234 | $164,118 |
| 2019 | $4,128 | $321,914 | $161,014 | $160,900 |
| 2018 | $4,030 | $315,603 | $157,857 | $157,746 |
| 2016 | $3,833 | $303,349 | $151,728 | $151,621 |
| 2015 | $3,779 | $298,793 | $149,449 | $149,344 |
| 2014 | $3,803 | $292,941 | $146,522 | $146,419 |
Source: Public Records
Agents Affiliated with this Home
-
Malika Boudreaux
-
Jay Dharmasuriya
J
Buyer's Agent in 2024
Jay Dharmasuriya
Realty Brokerage Group Inc
(310) 851-6700
2 in this area
60 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR23141731
APN: 5111-018-017
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.
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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