H
Seller's Agent in 2020
Hernan Hernandez
Excellence Premier Real Estate
(323) 484-0955
19 Total Sales
750 E 41st St Los Angeles, CA 90011
Historic South Central NeighborhoodEstimated Value: $721,000 - $959,000
8
Beds
4
Baths
2,210
Sq Ft
$400/Sq Ft
Est. Value
About This Home
As of October 2020Great opportunity to buy 4 rented units in a great location. These are all fully rented for top dollar. This property is located in the OPPORTUNITY ZONE. Located just minuteS from USC, LAFC, COLISEUM, DOWNTOWN LOS ANGELES, GOLD LINE, and much much more. The property has just been re-stuccoed and painted. All tenants are non-section 8. Always rented. Rents are at or near market value. Great buy and hold with lots of off street parking. There is also tons of room to do additions to the existing units. Agents is related to seller.
Last Agent to Sell the Property
Excellence Premier Real Estate License #01161183 Listed on: 08/28/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 7,134 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Interior Spaces
- 2,210 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- Parking Available
- Paved Parking
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 16 / S
- Tax Tract Number 2340
- Assessor Parcel Number 5115001024
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,680
- Trash Expense $1,200
- Water Sewer Expense $340
- New Taxes Expense $8,738
- Operating Expense $11,858
- Gross Income $67,440
- Net Operating Income $59,520
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 28, 2020
Closed on
Sep 23, 2020
Sold by
Sarinana Ruben and Sarinana Nancy
Bought by
Passi Rohit and Passi Geenya Kaur
Seller's Agent
Hernan Hernandez
Excellence Premier Real Estate
Buyer's Agent
Dow Chang
Haus Investments
List Price
$699,000
Sold Price
$750,000
Premium/Discount to List
$51,000
7.3%
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
$133,598
Avg. Annual Appreciation
3.18%
Original Mortgage
$552,500
Outstanding Balance
$490,307
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$393,291
Purchase Details
Closed on
May 1, 2004
Sold by
Hernandez Yolanda
Bought by
Hernandez Hernan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
4.41%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 11, 2004
Sold by
Sarinana Ruben and Sarinana Nancy
Bought by
Sarinana Ruben and Sarinana Nancy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
4.41%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 3, 2003
Sold by
Madkins Leola S
Bought by
Sarinana Ruben and Sarinana Nancy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Passi Rohit | $750,000 | Lawyers Title Company | |
| Hernandez Hernan | -- | Fidelity Long Beach | |
| Sarinana Ruben | -- | -- | |
| Sarinana Ruben | $260,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Passi Rohit | $552,500 | |
| Previous Owner | Hernandez Hernan | $292,500 | |
| Previous Owner | Sarinana Ruben | $264,000 | |
| Closed | Sarinana Ruben | $20,400 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/19/2020 10/19/20 | Sold | $750,000 | +7.3% | $339 / Sq Ft |
| 09/08/2020 09/08/20 | Pending | -- | -- | -- |
| 09/05/2020 09/05/20 | For Sale | $699,000 | -6.8% | $316 / Sq Ft |
| 09/04/2020 09/04/20 | Off Market | $750,000 | -- | -- |
| 08/28/2020 08/28/20 | For Sale | $699,000 | -- | $316 / 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 | $10,062 | $811,822 | $389,674 | $422,148 |
| 2024 | $10,062 | $795,905 | $382,034 | $413,871 |
| 2023 | $9,872 | $780,300 | $374,544 | $405,756 |
| 2022 | $9,423 | $765,000 | $367,200 | $397,800 |
| 2021 | $9,307 | $750,000 | $360,000 | $390,000 |
| 2019 | $5,079 | $390,840 | $186,925 | $203,915 |
| 2018 | $4,933 | $383,177 | $183,260 | $199,917 |
| 2016 | $4,707 | $368,300 | $176,145 | $192,155 |
| 2015 | $4,642 | $362,769 | $173,500 | $189,269 |
| 2014 | $4,683 | $355,664 | $170,102 | $185,562 |
Source: Public Records
Agents Affiliated with this Home
-
Hernan Hernandez
-
Dow Chang
Buyer's Agent in 2020
Dow Chang
Haus Investments
(310) 702-5501
23 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW20178003
APN: 5115-001-024
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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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