NOT LISTED FOR SALE

701 E 42nd St Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $616,000 - $837,500

3 Beds
3 Baths
1,344 Sq Ft
$548/Sq Ft Est. Value

Last Sold October 30, 2018

Last sale price $450,000 $335 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $4,366/month

33 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Property is near public transit
  • Bonus Room
  • Open Floorplan
  • Wood Flooring
  • 5-minute walk to Gilbert Lindsay Recreation Center

About This Home

As of October 2018

Great opportunity for a first time home buyer to have two units and live in one have rental income in the City of Los Angeles with close proximity to shopping and schools and USC, Entertainment and parks and with a Bonus room and storage in the back with lots of parking and a security gate and plumbing and bathroom fixtures have been upgraded for energy and water conservation.

Last Agent to Sell the Property

Patricia Aguero

South Bay Capital Group License #00948455 Listed on: 05/04/2018

Last Buyer's Agent

Bulmaro Jarquin

Oax Realty License #02021160

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 4,919 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Wood Fence
  • Chain Link Fence
  • Level Lot

Home Design

  • Duplex
  • Fire Rated Drywall
  • Shingle Roof
  • Composition Roof
  • Pre-Cast Concrete Construction
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 1,344 Sq Ft Home
  • Open Floorplan
  • Living Room
  • Bonus Room

Kitchen

  • Gas Cooktop
  • Free-Standing Range
  • Tile Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Gas And Electric Dryer Hookup

Accessible Home Design

  • More Than Two Accessible Exits
  • Accessible Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 13
  • Tax Tract Number 12405
  • Assessor Parcel Number 5115003013

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,200
  • Insurance Expense $723
  • Trash Expense $400
  • Water Sewer Expense $2,000
  • Operating Expense $4,323
  • Gross Income $14,400
  • Net Operating Income $10,077

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 2000.00
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5115003013
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full, Open Floorplan, Tile Counters
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Accessibility Features: 2+ Access Exits, Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 334.82
  • Room Type: All Bedrooms Down, Bonus Room, Kitchen, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Concrete, Drywall Walls, Stucco

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Gas Cooktop, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Outside
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Level, Near Public Transit
  • Lot Size Sq Ft: 4919.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 14400.00
  • Gross Scheduled Income: 14400.00
  • Insurance Expense: 723.00
  • Net Operating Income: 10077.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 4323.00
  • Rent Control: Yes
  • Total Actual Rent: 1200.00
  • Total Expenses: 4323.00

Tax Info

  • Tax Census Tract: 2283.20
  • Tax Lot: 13
  • Tax Tract Number: 12405

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2018
Sold by
Ortiz Ismael
Bought by
Fabian Henry
Current Estimated Value
$735,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,193
Interest Rate
4.6%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 6, 2006
Sold by
Gomez Aurora
Bought by
Ortiz Ismael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,800
Interest Rate
6.22%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 6, 2006
Sold by
Basilio Luis
Bought by
Ortiz Ismael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,800
Interest Rate
6.22%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 29, 2004
Sold by
Marin Armando Roman
Bought by
Basilio Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 2000
Sold by
Marin Armando R
Bought by
Marin Armando Roman and Roque Ofelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,350
Interest Rate
8.08%

Purchase Details

Closed on
Nov 25, 1996
Sold by
Marin Armando Roman
Bought by
Marin Armando Roman

Purchase Details

Closed on
Jun 28, 1996
Sold by
Marin Rocio
Bought by
Marin Wiliulfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,162
Interest Rate
8.39%
Mortgage Type
FHA

Purchase Details

Closed on
May 13, 1996
Sold by
Cortez Irma Vega
Bought by
Marin Armando Roman and Marin Wiliulfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,162
Interest Rate
8.39%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fabian Henry $450,000 Old Republic Title Company
Ortiz Ismael -- First American
Ortiz Ismael $539,000 --
Basilio Luis $320,000 Fidelity National Title
Marin Armando Roman -- United Title Company
Marin Armando Roman -- --
Marin Wiliulfo -- --
Marin Armando Roman $115,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fabian Henry $389,193
Previous Owner Ortiz Ismael $107,800
Previous Owner Ortiz Ismael $431,200
Previous Owner Basilio Luis $256,000
Previous Owner Marin Armando Roman $162,350
Previous Owner Marin Armando Roman $114,162
Closed Basilio Luis $64,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2018 10/30/18 Sold $450,000 -6.2% $335 / Sq Ft
06/06/2018 06/06/18 Pending -- -- --
05/04/2018 05/04/18 For Sale $479,900 -- $357 / 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 $6,220 $501,979 $334,654 $167,325
2024 $6,220 $492,138 $328,093 $164,045
2023 $6,103 $482,489 $321,660 $160,829
2022 $5,824 $473,029 $315,353 $157,676
2021 $5,750 $463,755 $309,170 $154,585
2019 $6,031 $450,000 $300,000 $150,000
2018 $5,176 $422,000 $265,400 $156,600
2016 $4,634 $380,000 $239,000 $141,000
2015 $3,371 $274,000 $187,400 $86,600
2014 $2,970 $234,000 $160,000 $74,000
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2018

    Patricia Aguero

    South Bay Capital Group

    (562) 712-9499

    13 Total Sales

    Patricia Aguero
    Section Image
  • Bulmaro Jarquin

    Buyer's Agent in 2018

    Bulmaro Jarquin

    Oax Realty

    (818) 903-5856

    35 Total Sales

    Bulmaro Jarquin
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18105797

California Regional Multiple Listing Service (CRMLS)

APN: 5115-003-013

California Los Angeles County Los Angeles 90011 Historic South Central

701 E 42nd St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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

Nearby Homes