NOT LISTED FOR SALE

4242 E Cesar e Chavez Ave Los Angeles, CA 90063

Estimated Value: $813,905

4 Beds
3 Baths
1,900 Sq Ft
$428/Sq Ft Est. Value

Last Sold August 22, 2017

Last sale price $475,000 $250 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $5,098/month

34 Days on Market

Highlights

  • Traditional Architecture
  • Two Homes on a Lot
  • Laundry Room
  • James A. Garfield Senior High School Rated A
  • Recessed Lighting
  • Tile Flooring

About This Home

As of August 2017

Rare opportunity for a mixed use building (store + res) in the City Terrace neighborhood of East LA! The front of this property is a commercial building right on Cesar Chavez Ave. This versatile, clean, and freshly painted space is a perfect canvas for a new business or a business expanding into an additional location - includes, 1 bathroom. The upgraded back SFR consists of 4 bedrooms, 2 remodeled bathrooms, a brand new kitchen, all new flooring, and 4 parking spaces. Great options to live on site close to your business or rent out either space for additional income (NO RENT CONTROL!). Awesome location with great visibility near the Cesar Chavez and Eastern Ave intersection, close to local schools and the 710 freeway!

Last Agent to Sell the Property

Polly Watts

Sundae Homes License #00895696 Listed on: 05/23/2017

Last Buyer's Agent

M'Lissa Swift

CHAMPIONS REAL ESTATE License #01947386

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,953

Year Built

  • Built in 1951 | Remodeled

Lot Details

  • 4,264 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Level Lot
  • Back Yard

Home Design

  • Traditional Architecture
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,900 Sq Ft Home
  • Ceiling Fan
  • Recessed Lighting
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Two Homes on a Lot
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 17
  • Tax Tract Number 5329
  • Assessor Parcel Number 5234004018

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $2,550
  • Net Operating Income $30,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,953

Year Built

Built in 1951 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Number: 866-640-3040
  • Property Attached: No
  • View: No
  • Zoning: LCC3*
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5234004018
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Recessed Lighting
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Levels: One
  • Price Per Square Foot: 250.00

Exterior Features

  • Foundation: Raised, Slab
  • Other Structures: Two On A Lot
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Level
  • Lot Size Sq Ft: 4264.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2550.00
  • Gross Scheduled Income: 30600.00
  • Net Operating Income: 30600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5310.00
  • Tax Lot: 17
  • Tax Tract Number: 5329

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2017
Closed on
Aug 3, 2017
Sold by
Rugged Oaks Investment Llc
Bought by
Namkung Kristine J
Seller's Agent
Polly Watts
Sundae Homes
Buyer's Agent
M'Lissa Swift
CHAMPIONS REAL ESTATE
List Price
$479,900
Sold Price
$475,000
Premium/Discount to List
-$4,900
-1.02%
Current Estimated Value
$813,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,905
Avg. Annual Appreciation
5.40%
Original Mortgage
$431,521
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 22, 2016
Sold by
Mid Cal Realty Services Inc
Bought by
Rugged Oaks Investments Llc

Purchase Details

Closed on
Jun 13, 2016
Sold by
Carmona Sergio
Bought by
Mid Cal Realty Services Inc

Purchase Details

Closed on
Aug 16, 2011
Sold by
Southeast A & A Associates Inc
Bought by
Mega Bam Investments Inc

Purchase Details

Closed on
Jan 31, 2005
Sold by
Carmona Sergio
Bought by
Southeast A & A Associates Inc

Purchase Details

Closed on
May 11, 2004
Sold by
Estate Of Isabel Hernandez
Bought by
Carmona Sergio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,500
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 4, 1996
Sold by
Hernandez Tony G
Bought by
Hernandez Isabel Gastelum
Source: Public Records

Range of Values:

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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
Namkung Kristine J $475,000 Orange Coast Title Co
Rugged Oaks Investments Llc -- Accommodation
Mid Cal Realty Services Inc $297,000 Accommodation
Mega Bam Investments Inc -- None Available
Southeast A & A Associates Inc -- --
Carmona Sergio $151,000 First American Title Co Of L
Hernandez Isabel Gastelum -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Namkung Kristine J $415,000
Closed Namkung Kristine J $431,521
Previous Owner Rugged Oaks Investments Llc $299,600
Previous Owner Carmona Sergio $178,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2017 08/22/17 Sold $475,000 -1.0% $250 / Sq Ft
06/26/2017 06/26/17 Pending -- -- --
05/23/2017 05/23/17 For Sale $479,900 -- $253 / 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 $7,953 $540,462 $354,999 $185,463
2024 $7,953 $529,866 $348,039 $181,827
2023 $7,828 $519,477 $341,215 $178,262
2022 $7,496 $509,292 $334,525 $174,767
2021 $7,412 $499,307 $327,966 $171,341
2020 $7,462 $494,189 $324,604 $169,585
2019 $7,206 $484,500 $318,240 $166,260
2018 $7,064 $475,000 $312,000 $163,000
2016 $4,421 $254,647 $169,765 $84,882
2015 $4,364 $250,822 $167,215 $83,607
2014 $4,358 $245,910 $163,940 $81,970
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2017

    Polly Watts

    Sundae Homes

    Section Image
  • M'Lissa Swift

    Buyer's Agent in 2017

    M'Lissa Swift

    CHAMPIONS REAL ESTATE

    (909) 230-3125

    14 Total Sales

    M'Lissa Swift
    Section Image

  • J

    Buyer Co-Listing Agent in 2017

    JEANNETTE CHANDLER

    CHAMPIONS REAL ESTATE

    (909) 957-2980

    15 Total Sales

    JEANNETTE CHANDLER
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS17114765

California Regional Multiple Listing Service (CRMLS)

APN: 5234-004-018

California Los Angeles County Los Angeles 90063

4242 E Cesar e Chavez Ave, Los Angeles, CA

This home is located at 4242 E Cesar e Chavez Ave, Los Angeles, CA 90063 since 23 May 2017 and is currently estimated at $813,905, approximately $428 per square foot. This property was built in 1951. 4242 E Cesar e Chavez Ave is a home located in Los Angeles County with nearby schools including Marianna Avenue Elementary School, Belvedere Middle School, and Engineering And Technology Academy At Esteban E. Torres High No. 3.

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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