Seller's Agent in 2023
Anabella Jimenez
Century 21 Realty Masters
(323) 304-5760
2 in this area
199 Total Sales
648 W 41st Dr Los Angeles, CA 90037
Vermont Square NeighborhoodEstimated Value: $1,063,000 - $1,227,000
8
Beds
4
Baths
2,824
Sq Ft
$405/Sq Ft
Est. Value
About This Home
As of December 2023FANTASTIC INVESTMENT OPPORTUNITY IN A PRIME LOCATION! THIS PROPERTY IS SITUATED IN THE HIGHLY DESIRED USC AREA, MAKING IT AN IDEAL CHOICE FOR SAVVY INVESTORS, ESPECIALLY THOSE INTERESTED IN STUDENT HOUSING OR THOSE LOOKING FOR MULTIFAMILY OPPORTUNITY, LIVE IN ONE AND RENT THE OTHERS! NO NEED TO WORRY ABOUT TENANTS! THIS RECENTLY UPDATED 2-STORY FOURPLEX FEATURES 4 SPACIOUS UNITS EACH 2 BEDROOM 1 BATH, AND 6 PARKING SPACES. PROPERTY HAS 4 METERS FOR GAS AND ELECTRICITY, PERFECT TO KEEP EXPENSES TO A MINIMUM. CONVENIENTLY LOCATED LESS THAN A MILE FROM THE LOS ANGELES COLISEUM, EXPOSITION PARK, METRO LINE, AND 1.2 MILES FROM USC. YOU DON'T WANT TO MISS OUT ON THIS OPPORTUNITY, COME SEE THE ENDLESS POTENTIAL FOR YOURSELF!
Last Agent to Sell the Property
Century 21 Realty Masters Brokerage Phone: 323-304-5760 License #01384351 Listed on: 09/21/2023
Co-Listed By
Natalie Sanchez
First Team Real Estate Brokerage Phone: 323-304-5760 License #02206716
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,111
Year Built
- Built in 1934
Lot Details
- 5,424 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Quadruplex
Interior Spaces
- 2,824 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 37
- Tax Tract Number 231
- Assessor Parcel Number 5019020022
Community Details
Overview
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,581
- Trash Expense $1,800
- Water Sewer Expense $4,800
- Operating Expense $6,600
- Net Operating Income $4,140
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 21, 2023
Closed on
Oct 30, 2023
Sold by
Arce Enterprises Inc
Bought by
Hernandez Lazaro Roberto
Seller's Agent
Anabella Jimenez
Century 21 Realty Masters
Buyer's Agent
Christopher Oliver
Christopher Oliver
List Price
$1,189,000
Sold Price
$1,135,000
Premium/Discount to List
-$54,000
-4.54%
Views
157
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
$8,537
Avg. Annual Appreciation
0.46%
Original Mortgage
$879,625
Interest Rate
7.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 20, 2002
Sold by
Sanchez Roberto A
Bought by
Arce Enterprises Inc
Purchase Details
Closed on
Jan 12, 1998
Sold by
Chavez Manuel
Bought by
Sanchez Roberto A and Michie Jill R
Purchase Details
Closed on
Jul 10, 1997
Sold by
Sanchez Roberto A
Bought by
Chavez Manuel and Sanchez Roberto A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.83%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 8, 1997
Sold by
Sanchez Roberto A
Bought by
Sanchez Robert A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.83%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 5, 1995
Sold by
Michie Jill R
Bought by
Michie Sanchez Jill R and Jill Michie Sanchez Living Trust 1995
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 |
|---|---|---|---|
| Hernandez Lazaro Roberto | $1,135,000 | California Best Title Company | |
| Arce Enterprises Inc | -- | American Title | |
| Sanchez Roberto A | -- | -- | |
| Chavez Manuel | $23,000 | -- | |
| Sanchez Robert A | -- | -- | |
| Michie Jill R | -- | -- | |
| Michie Sanchez Jill R | -- | -- | |
| Sanchez Roberto A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hernandez Lazaro Roberto | $879,625 | |
| Previous Owner | Sanchez Roberto A | $221,000 | |
| Previous Owner | Chavez Manuel | $200,000 | |
| Previous Owner | Michie Jill R | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/20/2023 12/20/23 | Sold | $1,135,000 | -4.5% | $402 / Sq Ft |
| 12/14/2023 12/14/23 | Pending | -- | -- | -- |
| 09/21/2023 09/21/23 | For Sale | $1,189,000 | -- | $421 / 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 | $14,111 | $1,157,700 | $785,400 | $372,300 |
| 2024 | $14,111 | $1,135,000 | $770,000 | $365,000 |
| 2023 | $4,401 | $325,408 | $193,848 | $131,560 |
| 2022 | $4,214 | $319,029 | $190,048 | $128,981 |
| 2021 | $4,147 | $312,774 | $186,322 | $126,452 |
| 2019 | $4,032 | $303,499 | $180,797 | $122,702 |
| 2018 | $3,917 | $297,549 | $177,252 | $120,297 |
| 2016 | $3,725 | $285,997 | $170,370 | $115,627 |
| 2015 | $3,674 | $281,702 | $167,811 | $113,891 |
| 2014 | $3,714 | $276,185 | $164,524 | $111,661 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Seller Co-Listing Agent in 2023
Natalie Sanchez
First Team Real Estate
-
C
Buyer's Agent in 2023
Christopher Oliver
Christopher Oliver
(562) 631-8534
1 in this area
13 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW23177020
APN: 5019-020-022
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
Nearby Homes
- 632 W 41st Place
- 732 W 41st Dr
- 620 W 41st Place
- 706 W 42nd Place
- 851 W 41st Dr
- 873 W 41st Dr
- 821 W 43rd Place
- 4125 S Figueroa St Unit 101
- 4125 S Figueroa St Unit 218
- 4125 S Figueroa St Unit 212
- 4125 S Figueroa St Unit 410
- 4125 S Figueroa St Unit 207
- 975 W 42nd Place
- 701 W Vernon Ave
- 854 W Martin Luther King jr Blvd
- 860 W 43rd Place
- 873 W Vernon Ave
- 702 W Vernon Ave
- 602 W Vernon Ave
- 4432 Wesley Ave