Steve Julian
Luxury Collective
(747) 293-4987
170 Total Sales
1 in Historic South Central
$780,000 Price
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
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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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 22, 2019
Closed on
Feb 25, 2020
Sold by
Sola Impact Fund Ii Lp
Bought by
Seller's Agent
Neema Ahadian
Marcus & Millichap
Buyer's Agent
Neema Ahadian
Marcus & Millichap
List Price
$800,000
Sold Price
$729,284
Premium/Discount to List
-$70,716
-8.84%
Purchase Details
Closed on
Oct 31, 2017
Sold by
Anthony Jerry M
Bought by
Sola Impact Fund 11 Lp
Purchase Details
Closed on
Sep 28, 2005
Sold by
Anthony Jerry M
Bought by
Anthony Jerry M and Anthony Stella D
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Historic South Central, CA
-
Steve Julian
-
Ethan Hauptli
Ethan Hauptli
Real Broker
(970) 404-4794
5 Total Sales
1 in Historic South Central
$850,000 Price
-
David Lukan
David Lukan
Compass
(805) 618-2866
46 Total Sales
1 in Historic South Central
$430,000 Price
-
Colt Maloney
Colt Maloney
Figure 8 Realty
(213) 513-7683
61 Total Sales
1 in Historic South Central
$926,000 Price
-
Russell Chan
Russell Chan
Responds QuicklyWilshire Metro Realty, Inc.
(424) 223-5522
22 Total Sales
1 in Historic South Central
$828,000 Price
-
Alex Woltman
Alex Woltman
Berkshire Hathaway HomeServices California Properties
(747) 246-7580
26 Total Sales
1 in Historic South Central
$660,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,250,000 | Provident Title | ||
| Sola Impact Fund 11 Lp | $699,000 | None Available | |
| Anthony Jerry M | -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $468,000 | ||
| Previous Owner | Sole Impact Fund Ii Lp | $525,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $11,955 | $947,068 | $379,272 | $567,796 |
| 2025 | $11,955 | $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
NA
Seller's Agent in 2020
Neema Ahadian
Marcus & Millichap
(213) 943-1800
87 Total Sales
Map
Source: The MLS
MLS Number: 20-543770
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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