N
Seller's Agent in 2020
Neema Ahadian
Marcus & Millichap
(213) 943-1800
90 Total Sales
748 E 42nd St Los Angeles, CA 90011
Historic South Central Neighborhood
6
Beds
6
Baths
3,104
Sq Ft
5,258
Sq Ft Lot
About This Home
As of March 2020The Subject property is a part of a 5-property portfolio, which is a true value-add investment opportunity located throughout Los Angeles totaling 24 units; the properties are located among South Park and South Los Angeles neighborhoods. The subject properties present an impressive unit mix throughout consisting of 22 one-bedrooms and 2 two-bedrooms; the majority of the units are currently at below market rents offering an investor a true value-add opportunity and the chance to increase cash flow dramatically through renovations. The portfolio is being offered at a low price per unit of $150,417 blended; significant loss-to-lease of over 43%. With current rents below market and the subject properties being just 4-6 units, unit turnover and the achievement of market rents over time will dramatically increase the income and value of each property on an individual basis.Each subject property is located within densely populated submarkets of Los Angeles with rising rents year-over-ye
Last Agent to Sell the Property
Marcus & Millichap License #01346750 Listed on: 10/22/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 5,258 Sq Ft Lot
Home Design
- 3,104 Sq Ft Home
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Community Details
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 5115-005-004
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/10/2020 03/10/20 | Sold | $729,284 | -8.8% | $235 / Sq Ft |
| 02/03/2020 02/03/20 | Pending | -- | -- | -- |
| 10/22/2019 10/22/19 | For Sale | $800,000 | -- | $258 / Sq Ft |
Source: The MLS
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 | $11,803 | $928,499 | $371,836 | $556,663 |
| 2024 | $11,803 | $910,295 | $364,546 | $545,749 |
| 2023 | $11,586 | $892,448 | $357,399 | $535,049 |
| 2022 | $11,072 | $874,950 | $350,392 | $524,558 |
| 2021 | $11,781 | $857,795 | $343,522 | $514,273 |
| 2020 | $9,586 | $727,239 | $364,140 | $363,099 |
| 2019 | $9,230 | $712,980 | $357,000 | $355,980 |
| 2018 | $9,119 | $699,000 | $350,000 | $349,000 |
| 2017 | $1,454 | $62,407 | $11,684 | $50,723 |
| 2016 | $1,392 | $61,184 | $11,455 | $49,729 |
| 2015 | $1,382 | $60,266 | $11,283 | $48,983 |
| 2014 | $1,427 | $59,086 | $11,062 | $48,024 |
Source: Public Records
Agents Affiliated with this Home
-
Neema Ahadian
Map
Source: The MLS
MLS Number: 20-543770
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