NOT LISTED FOR SALE

242 S Toluca St Los Angeles, CA 90026

Westlake Neighborhood

Estimated Value: $992,000 - $1,131,487

7 Beds
4 Baths
2,056 Sq Ft
$527/Sq Ft Est. Value

Last Sold April 02, 2020

Last sale price $795,000 $387 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $6,574/month

155 Days on Market

Highlights

  • City Lights View
  • Foothills
  • Wall Furnace
  • No HOA
  • Fenced
  • 3-minute walk to Vista Hermosa Natural Park

About This Home

As of April 2020

Downtown jewel, next to freeways walking distance to Figueroa (Westin Bonaventure Hotel). You can't miss the sweeping visible Renovation going on in Downtown LA and Highlighting Downtown’s diverse neighborhoods. First- Unit consist 4 Bedroom/ 2 Bath, Second-Unit 3Bedroom/2 Bath, Huge Bonus Room.
These upgraded units are much in rental-demand, located in an area with a history of being known as a work-only Central Business District, with new supply of urban multifamily. Families are living downtown. With apartments in the pipeline, efforts are not slowing down.
Downtown Los Angeles is slowly but surely experiencing a renaissance of both growth and development.

Last Agent to Sell the Property

Ornela Torres

First Team Real Estate License #01970564 Listed on: 07/01/2019

Last Buyer's Agent

Ornela Torres

First Team Real Estate License #01970564 Listed on: 07/01/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,501

Year Built

  • Built in 1930 | Remodeled

Lot Details

  • 2,396 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in fair condition
  • Density is 2-5 Units/Acre

Home Design

  • Duplex
  • Cosmetic Repairs Needed
  • Fire Rated Drywall
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,056 Sq Ft Home
  • 1-Story Property
  • City Lights Views
  • Gas Cooktop
  • Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • No Utilities
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 14 / 38
  • Tax Tract Number 2080
  • Assessor Parcel Number 5152010012

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Foothills

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • Trash Expense $450
  • Operating Expense $1,100
  • Gross Income $84,000
  • Net Operating Income $6,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,501

Year Built

Built in 1930 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: LACW
  • Property Condition: Repairs Cosmetic, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5152010012
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 386.67
  • Room Type: All Bedrooms Down, Basement

Exterior Features

  • View: City Lights
  • Fence: Yes
  • Fencing: Fair Condition
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Cable Available, Electricity Available, None, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Cooktop
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 450.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Foothills, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size: 2396
  • Lot Size Sq Ft: 2396.00
  • Lot Size Acres: 0.0550

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 84000.00
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 600.00
  • Lot Size Area: 2396.0000 Square Feet
  • Net Operating Income: 6000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 6000.00
  • Rent Control: Yes
  • Total Expenses: 1100.00

Tax Info

  • Tax Block: 38
  • Tax Census Tract: 2080.00
  • Tax Lot: 14
  • Tax Tract Number: 2080

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2019
Closed on
Apr 2, 2020
Sold by
Pech Didia Canche and Sosa Narciso Chan
Bought by
Schertzer Brent A
Seller's Agent
Ornela Torres
First Team Real Estate
Buyer's Agent
Ornela Torres
First Team Real Estate
List Price
$1,100,000
Sold Price
$795,000
Premium/Discount to List
-$305,000
-27.73%
Current Estimated Value
$1,083,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$288,372
Avg. Annual Appreciation
5.71%
Original Mortgage
$780,600
Outstanding Balance
$691,517
Interest Rate
3.4%
Mortgage Type
FHA
Estimated Equity
$391,855

Purchase Details

Closed on
Jan 3, 2020
Sold by
Pech Didia Canche and Sosa Narciso Chan
Bought by
Schertzer Brent A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,600
Interest Rate
3.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 19, 2017
Sold by
Pech Dida Canche and Sosa Narciso Chan
Bought by
Sosa Narciso Chan and Pech Didia Canche

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2013
Sold by
Sosa Narciso Chan
Bought by
Pech Didia Canche and Sosa Marciso Chan

Purchase Details

Closed on
May 9, 2008
Sold by
Chan Sosa Narciso and Chan Sosa Narcisco
Bought by
Chan Sosa Narciso

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 3, 2007
Sold by
Chan Katheeen M
Bought by
Chan Narciso Sosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 2007
Sold by
Amr Inc
Bought by
Chan Sosa Narcisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 2007
Sold by
Gmac Mortgage Llc
Bought by
Nations First Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 2007
Sold by
Nations First Inc
Bought by
Amr Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2006
Sold by
Hernandez Robert
Bought by
Gmac Mortgage Corp

Purchase Details

Closed on
Jul 13, 2005
Sold by
Fitzgerald Gladis Elizabeth
Bought by
Hernandez Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,000
Interest Rate
7.5%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 30, 2004
Sold by
Cordero Hardee Dolores
Bought by
Fitzgerald Gladis Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2003
Sold by
Tolentino Elvira R
Bought by
Cordero Hardee Dolores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,100
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 2002
Sold by
Ruiz Jaime
Bought by
Tolentino Elvira R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,750
Interest Rate
5.88%

Purchase Details

Closed on
Jul 23, 2002
Sold by
Rosas Omar
Bought by
Ruiz Jaime

Purchase Details

Closed on
Jan 31, 2001
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Sep 24, 1998
Sold by
Avila Felipe and Palacios Jose Maria
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Jun 17, 1996
Sold by
Sanchez Palemon
Bought by
Avila Felipe and Palacios Jose Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,307
Interest Rate
8.32%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 14, 1995
Sold by
Martinez Grace Robles
Bought by
Sanchez Palemon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8.37%
Mortgage Type
Seller Take Back
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
Schertzer Brent A -- Western Resources Title
Schertzer Brent A -- Western Resources Title
Schertzer Brent A -- Western Resources Title
Schertzer Brent A -- Western Resources Title
Sosa Narciso Chan -- Lawyers Title Sd
Pech Didia Canche -- None Available
Chan Sosa Narciso -- Southland Title
Chan Narciso Sosa -- None Available
Chan Sosa Narcisco -- Provident Title Company
Nations First Inc -- Fidelity National Title Co
Amr Inc $379,000 Fidelity National Title Co
Gmac Mortgage Corp $545,581 None Available
Hernandez Robert $635,000 Chicago Title Co
Fitzgerald Gladis Elizabeth $445,000 Fidelity National Title Co
Cordero Hardee Dolores $379,000 Investors Title Company
Tolentino Elvira R $285,000 Gateway Title Company
Ruiz Jaime -- Gateway Title Company
Hud -- Landsafe Title
Countrywide Home Loans Inc $187,281 Landsafe Title
Avila Felipe $180,000 Continental Lawyers Title Co
Sanchez Palemon $50,000 Commonwealth Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schertzer Brent A $780,600
Previous Owner Schertzer Brent A $780,600
Previous Owner Sosa Narciso Chan $410,000
Previous Owner Chan Sosa Narciso $417,000
Previous Owner Amr Inc $420,000
Previous Owner Hernandez Robert $508,000
Previous Owner Fitzgerald Gladis Elizabeth $356,000
Previous Owner Cordero Hardee Dolores $341,100
Previous Owner Tolentino Elvira R $270,750
Previous Owner Avila Felipe $175,307
Previous Owner Sanchez Palemon $40,000
Closed Fitzgerald Gladis Elizabeth $89,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2020 04/02/20 Sold $795,000 -9.1% $387 / Sq Ft
12/03/2019 12/03/19 Pending -- -- --
11/27/2019 11/27/19 Price Changed $875,000 -20.5% $426 / Sq Ft
07/01/2019 07/01/19 For Sale $1,100,000 -- $535 / 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 $10,501 $869,445 $349,965 $519,480
2024 $10,501 $852,398 $343,103 $509,295
2023 $10,301 $835,685 $336,376 $499,309
2022 $9,826 $819,300 $329,781 $489,519
2021 $9,698 $803,236 $323,315 $479,921
2020 $6,365 $509,084 $319,023 $190,061
2019 $6,116 $499,103 $312,768 $186,335
2018 $6,068 $489,318 $306,636 $182,682
2016 $5,790 $470,319 $294,730 $175,589
2015 $5,707 $463,255 $290,303 $172,952
2014 $5,736 $454,182 $284,617 $169,565
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2020

    Ornela Torres

    First Team Real Estate

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS19158157

California Regional Multiple Listing Service (CRMLS)

APN: 5152-010-012

California Los Angeles County Los Angeles 90026 Westlake

242 S Toluca St, Los Angeles, CA

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