NOT LISTED FOR SALE

750 E 41st St Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $731,000 - $936,000

8 Beds
4 Baths
2,210 Sq Ft
$379/Sq Ft Est. Value

Sale Details

Date Sold: October 19, 2020

Last sale price $750,000 $339 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,362 / mo

11 Days on Market

About This Home

As of October 2020

Great 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

Hernan Hernandez

Excellence Premier Real Estate License #01161183 Listed on: 08/28/2020

Last Buyer's Agent

Dow Chang

Haus Investments License #01904714

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

7,134 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 340.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 5115001024
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Price Per Square Foot: 339.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Paved

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7134.00
  • Lot Size Acres: 0.1638

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 67440.00
  • Gross Scheduled Income: 67440.00
  • Insurance Expense: 1680.00
  • Lot Size Area: 7134.0000 Square Feet
  • Net Operating Income: 59520.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 7920.00
  • Rent Control: Yes
  • Total Actual Rent: 5620.00
  • Total Expenses: 11858.00

Tax Info

  • New Taxes Expense: 8738.00
  • Tax Block: S
  • Tax Census Tract: 2283.20
  • Tax Lot: 16
  • Tax Tract Number: 2340

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
Aug 28, 2020
Closed on
Sep 23, 2020
Sold by
Bought by
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
$837,399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,399
Avg. Annual Appreciation
1.96%
Original Mortgage
$552,500
Outstanding Balance
$490,307
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$347,092

Purchase Details

Closed on
May 1, 2004
Sold by
Bought by

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
Bought by

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
Bought by

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$750,000 Lawyers Title Company
-- Fidelity Long Beach
-- --
$260,000 Fidelity National Title
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 $552,500
Previous Owner $292,500
Previous Owner $264,000
Closed $20,400
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
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

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
2025 $10,176 $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

  • H

    Seller's Agent in 2020

    Hernan Hernandez

    Excellence Premier Real Estate

    (323) 484-0955

    17 Total Sales

    Hernan Hernandez
    Section Image
  • Dow Chang

    Buyer's Agent in 2020

    Dow Chang

    Haus Investments

    (310) 702-5501

    21 Total Sales

    Dow Chang
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20178003

California Regional Multiple Listing Service (CRMLS)

APN: 5115-001-024

California Los Angeles County Los Angeles 90011 Historic South Central

750 E 41st St, Los Angeles, CA

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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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