NOT LISTED FOR SALE

965 W 42nd Place Los Angeles, CA 90037

Vermont Square Neighborhood

Estimated Value: $856,000 - $1,009,000

7 Beds
4 Baths
2,597 Sq Ft
$369/Sq Ft Est. Value

Last Sold April 13, 2018

Last sale price $610,000 $235 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $5,921/month

143 Days on Market

Highlights

  • Front Porch
  • Double Pane Windows
  • Multi-Tank Gas Water Heater

About This Home

As of April 2018

Incredible opportunity! 1BR 1BA + 2BR 2BA + 4BR 1BA Triplex! 965 AND 965.5 AND 965.25 W. 42nd DO NOT DISTURB OCCUPANTS! Substantially underperforming! Offers subject to inspection. Drive by only! NEW ROOF, NEW DUAL GLAZED VINYL WINDOWS, NEW EXTERIOR PAINT, NEW INTERIOR PAINT @ 965 1/4. Rare 7 bedroom 4 bath Triplex Market Rent projected $1400+$2400(2BR2BA)+$2900(4BR1BA) =$6700/mo MARKET RENT TODAY! Do the math X 12 mo = $80,400 GROSS RENT (When you obtain today's market) projected to increase for the next several years! Approx $53K HERO loan used to complete windows and roof. List price reflects $53K HERO loan assumed by buyer. (5%vacancy &1.75% of SP subtract as expenses) AGI=$65,967.5 =11.086% cap rate! Cash Flow!

Last Agent to Sell the Property

Jeff Hill

Jeffrey Alan Hill, Broker License #00951972 Listed on: 10/12/2017

Last Buyer's Agent

Kirk Pfaff

License #02033346

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,414

Year Built

  • Built in 1903

Lot Details

  • 2,764

Parking

  • On-Street Parking

Home Design

  • Triplex

Interior Spaces

  • 2,597 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Window Bars

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Utilities

  • Vented Exhaust Fan
  • Heating System Mounted To A Wall or Window
  • Multi-Tank Gas Water Heater

Additional Features

  • Front Porch
  • 2,764 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Assessor Parcel Number 5020-034-012

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • Vacancy Allowance $5,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,414

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Building Permit: Yes
  • Living Area: 2597
  • Probate: No
  • Stories: 2
  • Year Built: 1903
  • Number Of Photos: 44
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Carpet: 3
  • Number Range: 2
  • Number Refrigerator: 1
  • Bedrooms: 7
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Hood Fan, Microwave, Range/Oven, Refrigerator, Vented Exhaust Fan
  • Price Per S Q F T: 229.11
  • Windows: Double Pane Windows

Exterior Features

  • Tennis Court Y/N: No
  • Number Patio: 2
  • Patio: Porch - Front
  • Paved: Yes
  • Pool: No

Garage/Parking

  • Parking Garage: Above Street Level, On street

Utilities

  • Water Heater: Gas, Multi-Tank
  • Heating: Wall
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Security: Window Bars
  • Sewer: In Connected and Paid
  • Water Heaters: Yes

Condo/Co-op/Association

  • Management Company: Owner

Lot Info

  • Additions Alterations: Yes
  • Assessed Improvement Value: 110811
  • Assessed Land Value: 124789
  • Assessor Parcel Number: 5020-034-012
  • Geocode Override: No
  • Lot Size Area: 2764

Rental Info

  • Total Actual Rent: 41892.00
  • Land Lease Type: Fee
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Unit Type: 2106, 2107, 2108, 2118
  • Gross Rent Multiplier: 3.00
  • Number Of Units: 3
  • Rent Control: 100
  • Total Annual Expense: 14432.5
  • Type Of Units: Triplex
  • Vacancy Allow: 5000
  • Vacancy Allow Percent: 5.00
  • Vacancy Rate: 5%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2019
Sold by
Mcclain Anthony
Bought by
Robles Yvonne
Current Estimated Value
$958,002

Purchase Details

Listed on
Oct 12, 2017
Closed on
Apr 19, 2018
Sold by
Robles Yvonne
Bought by
Mcclain Tony and Robles Yvonne
Seller's Agent
Jeff Hill
Jeffrey Alan Hill, Broker
Buyer's Agent
Kirk Pfaff
List Price
$595,000
Sold Price
$610,000
Premium/Discount to List
$15,000
2.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.98%
Original Mortgage
$457,500
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 12, 2017
Closed on
Apr 11, 2018
Sold by
Mcclain Tony
Bought by
Robles Yvonne
Seller's Agent
Jeff Hill
Jeffrey Alan Hill, Broker
Buyer's Agent
Kirk Pfaff
List Price
$595,000
Sold Price
$610,000
Premium/Discount to List
$15,000
2.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 12, 2017
Closed on
Apr 9, 2018
Sold by
Malokwu Cecilia C
Bought by
Malokwu Godwin
Seller's Agent
Jeff Hill
Jeffrey Alan Hill, Broker
Buyer's Agent
Kirk Pfaff
List Price
$595,000
Sold Price
$610,000
Premium/Discount to List
$15,000
2.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 12, 2017
Closed on
Mar 14, 2018
Sold by
Malokwu Godwin
Bought by
Robles Yvonne
Seller's Agent
Jeff Hill
Jeffrey Alan Hill, Broker
Buyer's Agent
Kirk Pfaff
List Price
$595,000
Sold Price
$610,000
Premium/Discount to List
$15,000
2.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2002
Sold by
Garcia Fabian
Bought by
Malokwu Godwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,000
Interest Rate
8.75%

Purchase Details

Closed on
Mar 15, 2002
Sold by
Garcia Zulema
Bought by
Garcia Fabian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,000
Interest Rate
8.75%

Purchase Details

Closed on
Nov 2, 2000
Sold by
Garcia Zulema
Bought by
Garcia Fabian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
7.82%

Purchase Details

Closed on
Oct 18, 2000
Sold by
Wells Fargo Home Mtg Inc
Bought by
Garcia Fabian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
7.82%

Purchase Details

Closed on
Sep 13, 2000
Sold by
James Kelvin
Bought by
Wells Fargo Home Mtg Inc and Norwest Mtg Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
7.82%

Purchase Details

Closed on
Jul 7, 1999
Sold by
James Kelvin
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 2, 1999
Sold by
James Kelvin
Bought by
Asanti Joseph

Purchase Details

Closed on
Apr 18, 1995
Sold by
Ekanem Imeh
Bought by
James Kelvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
9.75%
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
Robles Yvonne -- None Available
Mcclain Tony -- None Available
Robles Yvonne -- Ticor Title Company
Malokwu Godwin -- Ticor Title Company
Robles Yvonne $610,000 Ticor Title Company
Malokwu Godwin $189,000 Commerce Title
Garcia Fabian -- Commerce Title
Garcia Jesus -- Commerce Title
Garcia Fabian -- Commerce Title
Garcia Fabian -- First American Title Co
Garcia Fabian $82,000 First American Title Co
Wells Fargo Home Mtg Inc $223,133 First Southwestern Title
Federal National Mortgage Association $199,345 First Southwestern Title Co
Asanti Joseph -- --
James Kelvin $185,000 Equity Title
Ekanem Imeh $130,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robles Yvonne $554,000
Previous Owner Robles Yvonne $457,500
Previous Owner Malokwu Godwin $385,000
Previous Owner Malokwu Godwin $76,000
Previous Owner Malokwu Godwin $368,000
Previous Owner Malokwu Godwin $251,250
Previous Owner Malokwu Godwin $151,000
Previous Owner Garcia Fabian $115,000
Previous Owner James Kelvin $148,000
Closed Malokwu Godwin $37,760
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2018 04/13/18 Sold $610,000 +2.5% $235 / Sq Ft
03/04/2018 03/04/18 Pending -- -- --
10/12/2017 10/12/17 For Sale $595,000 -- $229 / 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 $8,414 $694,071 $489,264 $204,807
2024 $8,414 $680,463 $479,671 $200,792
2023 $8,255 $667,121 $470,266 $196,855
2022 $7,877 $654,042 $461,046 $192,996
2021 $7,767 $641,218 $452,006 $189,212
2019 $7,535 $622,200 $438,600 $183,600
2018 $3,111 $245,116 $129,829 $115,287
2016 $2,949 $235,600 $124,789 $110,811
2015 $2,907 $232,062 $122,915 $109,147
2014 $2,936 $227,517 $120,508 $107,009
Source: Public Records

Agents Affiliated with this Home

  • Jeff Hill

    Seller's Agent in 2018

    Jeff Hill

    Jeffrey Alan Hill, Broker

    (949) 488-7653

    6 Total Sales

    Jeff Hill
    Section Image

  • K

    Buyer's Agent in 2018

    Kirk Pfaff

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Map

Source: The MLS

MLS Number: 17-279880

The MLS

APN: 5020-034-012

California Los Angeles County Los Angeles 90037 Vermont Square

965 W 42nd Place, Los Angeles, CA

This home is located at 965 W 42nd Place, Los Angeles, CA 90037 since 12 October 2017 and is currently estimated at $958,002, approximately $368 per square foot. This property was built in 1903. 965 W 42nd Place 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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