NOT LISTED FOR SALE

876 E 42nd Place Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $767,000 - $992,000

6 Beds
3 Baths
1,725 Sq Ft
$517/Sq Ft Est. Value

Last Sold April 07, 2021

Last sale price $785,000 $455 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,530/month

Highlights

  • Laundry Room
  • Front Yard
  • 1-Story Property

About This Home

As of April 2021

This very desirable income producing duplex is non-rent controlled. This freshly painted duplex consists of one 3 bedroom one bath unit and one 3 bedroom 2 bathroom unit. Each unit includes granite countertops, dual pane vinyl windows, tile flooring in kitchen and bathrooms, carpet and wood cabinets. Conveniently located to the Downtown Los Angeles area.

Last Agent to Sell the Property

Kevin Via

Compass License #02042474 Listed on: 02/23/2021

Compass

Last Buyer's Agent

Ericka McAbee

Compass License #02008240

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2008

Lot Details

  • 5,160 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,725 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 67
  • Tax Tract Number 2286
  • Assessor Parcel Number 5115017011

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $2,640
  • New Taxes Expense $9,600
  • Operating Expense $13,440
  • Gross Income $61,200
  • Net Operating Income $47,760

Property Details

Home Type

Multi-Family

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2640.00
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5115017011
  • Year Built: 2008
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 455.07

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5160.00
  • Lot Size Acres: 0.1185

Multi Family

  • Gross Income: 61200.00
  • Gross Scheduled Income: 61200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5160.0000 Square Feet
  • Net Operating Income: 47760.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 13440.00
  • Rent Control: No
  • Total Expenses: 13440.00

Tax Info

  • New Taxes Expense: 9600.00
  • Tax Census Tract: 2286.00
  • Tax Lot: 67
  • Tax Tract Number: 2286

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2024
Sold by
Mcabee Family Trust and Mcabee Brendan
Bought by
874 42Nd Place Revocable Trust and 874 42Nd Place Llc
Current Estimated Value
$891,546

Purchase Details

Closed on
Jun 12, 2008
Sold by
Seacliff Properties Inc
Bought by
Cyprus Kip C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,225,000
Interest Rate
6.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2008
Sold by
La Redevelopment Inc
Bought by
Seacliff Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 15, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
L A Redevelopment Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 3, 2008
Sold by
Tate Rhonita R
Bought by
Deutsche Bank National Trust Co and Indymac Bank Fsb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 2006
Sold by
Tate Sandra C and Estate Of Emma Lee Johnson
Bought by
Tate Rhonita R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
7%
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

Date Buyer Sale Price Title Company
874 42Nd Place Revocable Trust -- None Listed On Document
Cyprus Kip C -- Fidelity National Title Co
Seacliff Properties Inc -- Southland Title Corporation
L A Redevelopment Inc $237,000 Lsi Title Company
Deutsche Bank National Trust Co $329,635 None Available
Tate Rhonita R $385,000 Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cyprus Kip C $1,225,000
Previous Owner L A Redevelopment Inc $430,000
Previous Owner Tate Rhonita R $308,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2021 04/07/21 Sold $785,000 -1.9% $455 / Sq Ft
02/23/2021 02/23/21 For Sale $800,000 -- $464 / Sq Ft
02/19/2021 02/19/21 Pending -- -- --
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 $10,479 $849,708 $541,216 $308,492
2024 $10,349 $833,048 $530,604 $302,444
2023 $10,151 $816,714 $520,200 $296,514
2022 $9,682 $800,700 $510,000 $290,700
2021 $6,168 $496,212 $291,470 $204,742
2020 $6,227 $491,125 $288,482 $202,643
2019 $5,987 $481,496 $282,826 $198,670
2018 $5,873 $472,056 $277,281 $194,775
2016 $5,263 $425,000 $249,600 $175,400
2015 $5,013 $404,000 $170,000 $234,000
2014 $4,441 $346,900 $170,600 $176,300
Source: Public Records

Agents Affiliated with this Home

  • Kevin Via

    Seller's Agent in 2021

    Kevin Via

    Compass

    (714) 478-6078

    2 in this area

    88 Total Sales

    Kevin Via
    Section Image
  • Ericka McAbee

    Buyer's Agent in 2021

    Ericka McAbee

    Compass

    (714) 904-7282

    1 in this area

    29 Total Sales

    Ericka McAbee
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21038262

California Regional Multiple Listing Service (CRMLS)

APN: 5115-017-011

California Los Angeles County Los Angeles 90011 Historic South Central

876 E 42nd Place, Los Angeles, CA

Not Listed for Sale

MultiFamily

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