NOT LISTED FOR SALE

789 E 41st Place Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $833,000 - $1,877,490

4 Beds
3 Baths
1,712 Sq Ft
$806/Sq Ft Est. Value

Last Sold September 20, 2019

Last sale price $485,000 $283 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $9,338/month

6 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • Wrought Iron Fence

About This Home

As of September 2019

GREAT INVESTMENT PROPERTY. WON'T LAST. 2 BEDROOM 1.5 BATH IN THE FRONT HOUSE AND A 2 BEDROOM 1 BATH IN THE REAR HOUSE. FRONT HOUSE HAS A NEW ROOF. VERY SPACIOUS FRONT HOUSE WITH A SMALL BASEMENT. WIDE DRIVEWAY TO ACCOMMODATE PLENTY OF PARKING. SECURITY CAMERAS INCLUDED. LAUNDRY AREA INSIDE. NICE LAMINATE FLOORING. GREAT PAINT SCHEME IN THE FRONT HOUSE. NEW SEWER CLEAN OUTS IN BOTH HOUSES.

Last Agent to Sell the Property

Stanley Jackson

Stanley Jackson License #01418385 Listed on: 08/11/2019

Last Buyer's Agent

Stanley Jackson

Stanley Jackson License #01418385 Listed on: 08/11/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,846

Year Built

  • Built in 1907

Lot Details

  • 7,054 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Private Yard
  • Lawn

Home Design

  • 1,712 Sq Ft Home
  • Composition Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 5 / S
  • Tax Tract Number 228320
  • Assessor Parcel Number 5115001004

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $2,400
  • Insurance Expense $1,500
  • Trash Expense $900
  • Water Sewer Expense $1,080
  • New Taxes Expense $6,062
  • Operating Expense $11,942
  • Net Operating Income $34,759

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,846

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1080.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 5115001004
  • Year Built: 1907
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 283.29

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Lot 6500-9999, Yard
  • Lot Size Sq Ft: 7054.00
  • Lot Size Acres: 0.1619

Multi Family

  • Electric Expense: 2400.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7054.0000 Square Feet
  • Net Operating Income: 34759.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 8441.00
  • Rent Control: Yes
  • Total Expenses: 11942.00

Tax Info

  • New Taxes Expense: 6062.00
  • Tax Block: S
  • Tax Census Tract: 2283.20
  • Tax Lot: 5
  • Tax Tract Number: 228320

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2021
Sold by
Hakimi Farideh
Bought by
Fafar Investment Llc
Current Estimated Value
$1,379,623

Purchase Details

Closed on
Dec 1, 2020
Sold by
New Ern Builders Llc
Bought by
Hakimi Farideh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,242,500
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2020
Sold by
Kingdom Builders Llc
Bought by
New Era Builders Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,070,353
Interest Rate
3.6%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 11, 2019
Closed on
Aug 18, 2019
Sold by
Rhodes Tobias
Bought by
Kingdom Builders Properties Llc
Seller's Agent
Stanley Jackson
Stanley Jackson
Buyer's Agent
Stanley Jackson
Stanley Jackson
List Price
$485,000
Sold Price
$485,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.44%
Original Mortgage
$409,500
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 2007
Sold by
Davis Louise
Bought by
Davis Louise and Rhodes Tobias

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,500
Interest Rate
2.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 1997
Sold by
Davis Louise
Bought by
Davis Louise
Source: Public Records

Range of Values:

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Average Value
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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
Fafar Investment Llc -- Accommodation
Hakimi Farideh $1,657,500 Fidelity Natl Ttl Co Long Be
New Era Builders Llc -- Provident Title
Kingdom Builders Properties Llc $485,000 Fidelity National Title Co
Davis Louise -- Fidelity National Title
Davis Louise -- First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hakimi Farideh $1,242,500
Previous Owner New Era Builders Llc $1,070,353
Previous Owner Kingdom Builders Properties Llc $409,500
Previous Owner Davis Louise $374,500
Previous Owner Davis Louise $337,500
Previous Owner Davis Louise $247,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2019 09/20/19 Sold $485,000 0.0% $283 / Sq Ft
08/17/2019 08/17/19 Pending -- -- --
08/11/2019 08/11/19 For Sale $485,000 -- $283 / 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 $21,846 $1,794,130 $1,082,432 $711,698
2024 $21,846 $1,758,952 $1,061,208 $697,744
2023 $21,427 $1,724,463 $1,040,400 $684,063
2022 $20,436 $1,690,650 $1,020,000 $670,650
2021 $5,701 $475,879 $475,879 $0
2020 $6,100 $485,000 $385,000 $100,000
2019 $1,590 $118,589 $77,090 $41,499
2018 $1,561 $116,265 $75,579 $40,686
2016 $1,474 $111,753 $72,646 $39,107
2015 $1,454 $110,075 $71,555 $38,520
2014 $1,472 $107,920 $70,154 $37,766
Source: Public Records

Agents Affiliated with this Home

  • Stanley Jackson

    Seller's Agent in 2019

    Stanley Jackson

    Stanley Jackson

    (310) 345-9174

    25 Total Sales

    Stanley Jackson
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN19194956

California Regional Multiple Listing Service (CRMLS)

APN: 5115-001-004

California Los Angeles County Los Angeles 90011 Historic South Central

789 E 41st Place, Los Angeles, CA

This home is located at 789 E 41st Place, Los Angeles, CA 90011 since 11 August 2019 and is currently estimated at $1,379,623, approximately $805 per square foot. This property was built in 1907. 789 E 41st Place is a home located in Los Angeles County with nearby schools including Wadsworth Avenue Elementary School, Thomas Jefferson Senior High School, and Nava College Preparatory Academy.

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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