NOT LISTED FOR SALE

950 W 42nd St Los Angeles, CA 90037

Vermont Square Neighborhood

Estimated Value: $1,155,000 - $1,398,000

9 Beds
4 Baths
4,662 Sq Ft
$271/Sq Ft Est. Value

Last Sold August 09, 2021

Last sale price $1,150,000 $247 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $8,384/month

136 Days on Market

Highlights

  • Living Room with Fireplace
  • 4 Car Attached Garage
  • Ceiling Fan
  • Corner Lot

About This Home

As of August 2021

Big price reduction! Attention, Investors , Developers!! R3 zoned corner lot near to USC, Metro. Each unit over 1,150 sf on 6789 sf. per tax roll. LA city permit shows two 2BR+1BA(#950 μ) in lower units, one 3BR+1BA(#954) and one 2BR+Den+1BA(#952) in upper units. Additional $150/mo. income from detached garage. Very safe block with constant police patrol for elementary school across. Ceiling fans in BR,LVR,DR. Lots of windows and walk-in closets, gas & wood fire place, laundry hook ups, kitchen w/ bay windows & pantry in each unit. No vacancy for over 15 years. Seller was informed the bldg. totally rehabbed & bolted down in 1994. Well kept up ---roof(2007),exterior paint(2015), kitchen & bath flooring(2016--- large 4 plex of always having next tenant secured to move in.

Last Agent to Sell the Property

Joyce Lee

Prime Properties & Associates License #01055795 Listed on: 02/22/2021

Last Buyer's Agent

Brian Ji

Total Commercial, Inc. License #01443223

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,061

Year Built

  • Built in 1918

Lot Details

  • 6,790 Sq Ft Lot
  • Corner Lot

Home Design

  • Quadruplex

Interior Spaces

  • 4,662 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room with Fireplace

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Gas And Electric Dryer Hookup

Parking

  • 4 Car Attached Garage
  • Carport
  • Driveway
  • Automatic Gate

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 5020-034-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,061

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4662
  • Lot Acreage: 0.1559
  • Stories: 2
  • Year Built: 1918
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Living Room, Gas and Wood
  • Bedrooms: 9
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Equipment: Ceiling Fan, Gas Or Electric Dryer Hookup, Electric Dryer Hookup, Garbage Disposal, Range/Oven
  • Price Per S Q F T: 235.95

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Structures: 1
  • Parking Garage: Assigned, Auto Driveway Gate, Community Garage, Carport, Driveway, Garage, Garage Is Detached
  • Total Parking: 4

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Percent: 31.25
  • Assessed Improvement Value: 250000
  • Assessed Land Percent: 68.75
  • Assessed Land Value: 550000
  • Total Assessed Value: 800000
  • Assessor Parcel Number: 5020-034-001
  • Lot Location: Corner Lot
  • Lot Size Area: 6790

Rental Info

  • Garage Rental Rate: 150
  • Land Lease Type: Fee
  • Owner Pays: Gardener, Water
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.77
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 22070
  • Type Of Units: Four plex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2021
Closed on
Jul 30, 2021
Sold by
Yang David and Yang Leang Siv
Bought by
Kim Timothy E
Seller's Agent
Joyce Lee
Prime Properties & Associates
Buyer's Agent
Brian Ji
Total Commercial, Inc.
List Price
$1,295,000
Sold Price
$1,150,000
Premium/Discount to List
-$145,000
-11.2%
Current Estimated Value
$1,302,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,024
Avg. Annual Appreciation
2.33%
Original Mortgage
$650,000
Outstanding Balance
$593,190
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$668,299

Purchase Details

Listed on
Feb 22, 2021
Closed on
Jul 13, 2021
Sold by
Kim Gaehong
Bought by
Kim Timothy E
Seller's Agent
Joyce Lee
Prime Properties & Associates
Buyer's Agent
Brian Ji
Total Commercial, Inc.
List Price
$1,295,000
Sold Price
$1,150,000
Premium/Discount to List
-$145,000
-11.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Outstanding Balance
$593,190
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$668,299

Purchase Details

Listed on
Aug 5, 2016
Closed on
Sep 1, 2016
Sold by
Lee Alisa U
Bought by
Yang David and Yang Leang Siv
Seller's Agent
Joyce Lee
Prime Properties & Associates
Buyer's Agent
Joyce Lee
Prime Properties & Associates
List Price
$799,000
Sold Price
$800,000
Premium/Discount to List
$1,000
0.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.77%

Purchase Details

Closed on
Mar 28, 2005
Sold by
King Willie and King Adalene
Bought by
Lee James G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,250
Interest Rate
5.5%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Kim Timothy E $1,150,000 Provident Title Company
Kim Timothy E -- Provident Title Company
Yang David $800,000 Provident Title Company
Lee James G $627,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Timothy E $650,000
Previous Owner Lee Alisa U $430,500
Previous Owner Lee James G $470,250
Previous Owner King Willie J $350,000
Previous Owner King Willie J $272,000
Previous Owner King Willie J $252,000
Previous Owner King Willie J $27,560
Previous Owner King Willie J $206,500
Previous Owner King Willie J $44,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2021 08/09/21 Sold $1,150,000 +4.5% $247 / Sq Ft
07/08/2021 07/08/21 Pending -- -- --
03/11/2021 03/11/21 Price Changed $1,100,000 -15.1% $236 / Sq Ft
02/22/2021 02/22/21 For Sale $1,295,000 +61.9% $278 / Sq Ft
10/03/2016 10/03/16 Sold $800,000 +0.1% $172 / Sq Ft
09/12/2016 09/12/16 Pending -- -- --
08/05/2016 08/05/16 For Sale $799,000 -- $171 / Sq Ft
Source: The MLS

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 $15,061 $1,220,389 $955,087 $265,302
2024 $15,061 $1,196,460 $936,360 $260,100
2023 $14,780 $1,173,000 $918,000 $255,000
2022 $14,110 $1,150,000 $900,000 $250,000
2021 $10,748 $857,760 $589,710 $268,050
2020 $10,851 $848,966 $583,664 $265,302
2019 $10,437 $832,320 $572,220 $260,100
2018 $10,271 $816,000 $561,000 $255,000
2016 $6,997 $550,000 $390,000 $160,000
2015 $5,067 $388,000 $258,700 $129,300
2014 $5,044 $375,000 $250,000 $125,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Joyce Lee

    Prime Properties & Associates

  • B

    Buyer's Agent in 2021

    Brian Ji

    Total Commercial, Inc.

    (213) 387-3456

    1 in this area

    5 Total Sales

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Map

Source: The MLS

MLS Number: 21-695482

The MLS

APN: 5020-034-001

California Los Angeles County Los Angeles 90037 Vermont Square

950 W 42nd St, Los Angeles, CA

This home is located at 950 W 42nd St, Los Angeles, CA 90037 since 22 February 2021 and is currently estimated at $1,261,489, approximately $270 per square foot. This property was built in 1918. 950 W 42nd St is a home located in Los Angeles County with nearby schools including Menlo Avenue Elementary School, Barack Obama Global Preparation Academy, and Manual Arts Senior High School.

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.

The MLS © 2025 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.
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