NOT LISTED FOR SALE

721 E 42nd St Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $454,000 - $640,333

2 Beds
2 Baths
1,278 Sq Ft
$412/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $427,500 $335 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,112/month

48 Days on Market

Highlights

  • No HOA
  • Park
  • Rectangular Lot
  • Living Room
  • Laundry Room
  • Front Yard

About This Home

As of December 2021

Great investment opportunity in a fantastic location! This duplex is perfect to live in one and rent the other or rent both for extra income. Each unit features 1 bedroom 1 bathroom. The front house has washer & dryer hookups and these units are separately metered for gas & electricity. The long driveway offers plenty of parking and leads to a detached 1 car garage. Located just minutes from Banc of California Stadium, LA Memorial Coliseum, California Science Center, USC, Staple Center, Downtown Los Angeles, museums, restaurants, parks, shopping centers, and more, plus easy access to the 110 FWY & 10 FWY.

Last Agent to Sell the Property

Angela Whiteway

Seville Properties License #00818484 Listed on: 09/21/2021

Last Buyer's Agent

Jorge Gonzalez

Seville Properties License #00765586

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,154

Year Built

  • Built in 1925

Lot Details

  • 3,999 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Front Yard

Parking

  • 1 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Private Parking
  • Front Facing Garage
  • Tandem Uncovered Parking
  • Single Garage Door
  • Driveway Level

Home Design

  • Duplex

Interior Spaces

  • 1,278 Sq Ft Home
  • 1-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 5115004025
  • $647 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Recreation

  • Park

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $703
  • New Taxes Expense $5,000
  • Net Operating Income $15,532

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,154

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Price Per Unit: 275000
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • View: No
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5115004025
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 334.51
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Paved, Driveway Level, Garage Faces Front, Garage - Single Door, Private, Tandem Uncovered
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Rectangular Lot
  • Lot Size Sq Ft: 3999.00
  • Lot Size Acres: 0.0918

Multi Family

  • Gross Scheduled Income: 19332.00
  • Insurance Expense: 703.00
  • Lot Size Area: 3999.0000 Square Feet
  • Net Operating Income: 15532.00
  • 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: 3800.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Census Tract: 2283.20
  • Tax Lot: 9
  • Tax Tract Number: ENTWIS
  • TaxOtherAnnualAssessmentAmount: 647.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2021
Closed on
Dec 1, 2021
Sold by
Clark Dawn Piper
Bought by
Gonzalez Jorge
Seller's Agent
Angela Whiteway
Seville Properties
Buyer's Agent
Jorge Gonzalez
Seville Properties
List Price
$550,000
Sold Price
$427,500
Premium/Discount to List
-$122,500
-22.27%
Current Estimated Value
$527,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,583
Avg. Annual Appreciation
10.43%
Original Mortgage
$337,500
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 11, 2020
Closed on
Sep 29, 2020
Sold by
Clark Sean Shamblin and Clark Holly Hahn
Bought by
Clark Dawn Piper
Seller's Agent
Angela Whiteway
Seville Properties
Buyer's Agent
Jorge Gonzalez
Seville Properties
List Price
$400,000
Sold Price
$340,000
Premium/Discount to List
-$60,000
-15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.04%

Purchase Details

Closed on
Jul 23, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Bac Home Loans Servicing Lp

Purchase Details

Closed on
May 8, 2008
Sold by
Clark Sean
Bought by
Clark Sean Shamblin and Clark Living Trust
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
Gonzalez Jorge $427,500 Chicago Title
Clark Dawn Piper $170,000 Provident Title Company
Bac Home Loans Servicing Lp -- Accommodation
Clark Sean Shamblin -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Jorge $437,500
Closed Gonzalez Jorge $337,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2021 12/30/21 Sold $427,500 -22.3% $335 / Sq Ft
11/08/2021 11/08/21 Pending -- -- --
09/21/2021 09/21/21 For Sale $550,000 +61.8% $430 / Sq Ft
11/06/2020 11/06/20 Sold $340,000 -15.0% $266 / Sq Ft
08/21/2020 08/21/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $400,000 0.0% $313 / Sq Ft
07/31/2020 07/31/20 Pending -- -- --
07/08/2020 07/08/20 For Sale $400,000 +17.6% $313 / Sq Ft
07/07/2020 07/07/20 Off Market $340,000 -- --
05/11/2020 05/11/20 For Sale $400,000 -- $313 / 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 $3,154 $245,168 $166,035 $79,133
2024 $3,154 $240,362 $162,780 $77,582
2023 $3,097 $235,650 $159,589 $76,061
2022 $3,308 $261,060 $152,830 $108,230
2021 $3,263 $255,942 $149,834 $106,108
2020 $647 $32,902 $12,301 $20,601
2019 $631 $32,258 $12,060 $20,198
2018 $569 $31,626 $11,824 $19,802
2016 $530 $30,400 $11,366 $19,034
2015 $525 $29,945 $11,196 $18,749
2014 $541 $29,359 $10,977 $18,382
Source: Public Records

Agents Affiliated with this Home

  • Angela Whiteway

    Seller's Agent in 2021

    Angela Whiteway

    Seville Properties

    (310) 402-3250

    2 in this area

    44 Total Sales

    Angela Whiteway
    Section Image
  • Jorge Gonzalez

    Buyer's Agent in 2021

    Jorge Gonzalez

    Seville Properties

    (310) 918-8671

    2 in this area

    11 Total Sales

    Jorge Gonzalez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN21207726

California Regional Multiple Listing Service (CRMLS)

APN: 5115-004-025

California Los Angeles County Los Angeles 90011 Historic South Central

721 E 42nd St, Los Angeles, CA

This home is located at 721 E 42nd St, Los Angeles, CA 90011 since 21 September 2021 and is currently estimated at $527,083, approximately $412 per square foot. This property was built in 1925. 721 E 42nd St is a home located in Los Angeles County with nearby schools including Harmony Elementary School, George Washington Carver Middle School, and Thomas Jefferson Senior High School.

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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