Seller's Agent in 2020
Bryan Castillo
Castillo Realty Group, Inc.
(310) 498-6908
4 Total Sales
972 W 42nd Place Los Angeles, CA 90037
Vermont Square NeighborhoodEstimated Value: $991,933 - $1,162,000
8
Beds
4
Baths
4,560
Sq Ft
$233/Sq Ft
Est. Value
Highlights
- Gated Parking
- Laundry Room
- Wrought Iron Fence
- Park
- Tile Flooring
- Wall Furnace
About This Home
As of August 2020LOCATION! Great Opportunity to own a Bread and Butter Income Property for the price of a Single Family home! Original 1920's vintage charm. Separately metered for gas and electric. Tenants pay for all utilities except water. Large sized units with their own washer and dryer hook ups. This property is gated for privacy - priced to sell! Conveniently located within walking distance to shopping centers, grocery stores, restaurants, coffee shops, banks, parks, gas stations, DMV, Metro Exposition Line, schools, USC, The Village, Exposition Park, Banc of California Stadium, museums - including the massive under construction $1 Billion Lucas Museum of Narrative Art with an expected completion date in early 2021! Easy access to major freeways, less than 5 miles to downtown LA. Well maintained property with low maintenance and long-term tenants that always pay their rent on time – even amidst this pandemic! Need to complete a 1031 exchange? Look no further. Start collecting income right away! Great for seasoned investor or first time buyer. Zoned R4 for the perfect development opportunity. Great upside rental potential in this highly metropolitan location! Area undergoing a major revitalization filled with exciting new developments all around. Please do not disturb tenants. Property will be delivered occupied with existing tenants. PLEASE DO NOT WALK ON PROPERTY OR DISTURB TENANTS! Listing info deemed reliable but not guaranteed. No warranties expressed or implied.
Last Agent to Sell the Property
Castillo Realty Group, Inc. License #01912834 Listed on: 07/17/2020
Last Buyer's Agent
Castillo Realty Group, Inc. License #01912834 Listed on: 07/17/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,188
Year Built
- Built in 1916
Lot Details
- 6,120 Sq Ft Lot
- Two or More Common Walls
- Wrought Iron Fence
- Back and Front Yard
- Density is up to 1 Unit/Acre
Home Design
- 4,560 Sq Ft Home
- Property Attached
- Raised Foundation
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
- Window Bars
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Available
- Gated Parking
- Paved Parking
- Unassigned Parking
Outdoor Features
- Exterior Lighting
Utilities
- Wall Furnace
- Sewer Paid
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 11
- Tax Tract Number 1
- Assessor Parcel Number 5020034021
Community Details
Overview
- 4 Units
Recreation
- Park
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,000
- Trash Expense $1,200
- Water Sewer Expense $4,623
- New Taxes Expense $6,625
- Operating Expense $14,448
- Gross Income $50,136
- Net Operating Income $35,688
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 17, 2022
Sold by
Bahareh Aslmand
Bought by
Aslmand Pedram
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,800
Outstanding Balance
$573,926
Interest Rate
3.13%
Mortgage Type
New Conventional
Estimated Equity
$520,940
Purchase Details
Closed on
Feb 10, 2022
Sold by
Pedram Aslmand
Bought by
Gad Realty Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,800
Outstanding Balance
$573,926
Interest Rate
3.13%
Mortgage Type
New Conventional
Estimated Equity
$520,940
Purchase Details
Listed on
Jul 17, 2020
Closed on
Aug 3, 2020
Sold by
Aslmand Pedram
Bought by
Gad Realty Llc
Seller's Agent
Bryan Castillo
Castillo Realty Group, Inc.
Buyer's Agent
Bryan Castillo
Castillo Realty Group, Inc.
List Price
$725,000
Sold Price
$750,000
Premium/Discount to List
$25,000
3.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.73%
Purchase Details
Listed on
Jul 17, 2020
Closed on
Jul 27, 2020
Sold by
Aslmand Bahareh
Bought by
Aslmand Pedram
Seller's Agent
Bryan Castillo
Castillo Realty Group, Inc.
Buyer's Agent
Bryan Castillo
Castillo Realty Group, Inc.
List Price
$725,000
Sold Price
$750,000
Premium/Discount to List
$25,000
3.45%
Purchase Details
Listed on
Jul 17, 2020
Closed on
Jul 24, 2020
Sold by
Kasmaei Daryoush Navidi and Mirzabozorg Tahereh
Bought by
Aslmand Pedram
Seller's Agent
Bryan Castillo
Castillo Realty Group, Inc.
Buyer's Agent
Bryan Castillo
Castillo Realty Group, Inc.
List Price
$725,000
Sold Price
$750,000
Premium/Discount to List
$25,000
3.45%
Purchase Details
Closed on
Dec 7, 2019
Sold by
Kasmaei Daryoush Navidi and Mirzabozorg Tahereh
Bought by
Kasmaei Daryoush Navidi and Mirzabozorg Tahereh
Purchase Details
Closed on
Mar 30, 2015
Sold by
Woods L T
Bought by
Kasmaei Daryoush Navidi and Mirzabozorg Tahereh
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,500
Interest Rate
3.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 29, 2002
Sold by
Mehrzadi Khosrow
Bought by
Woods Larry and Woods Dorrie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
7.87%
Purchase Details
Closed on
Sep 11, 2001
Sold by
Bank One National Assn
Bought by
Mehrzadi Khosrow and Mehrzadi Soheila
Purchase Details
Closed on
Feb 21, 2001
Sold by
Adams Marvin
Bought by
Bank One National Assn
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Aslmand Pedram | -- | Ticor Title | |
| Gad Realty Llc | -- | Accommodation/Courtesy Recordi | |
| Asimand Pedram | -- | Ticor Title | |
| Gad Realty Llc | -- | Provident Title Company | |
| Aslmand Pedram | -- | Provident Title | |
| Aslmand Pedram | $750,000 | Provident Title Company | |
| Kasmaei Daryoush Navidi | -- | None Available | |
| Kasmaei Daryoush Navidi | $530,000 | Title 365 | |
| Woods Larry | $299,000 | Fidelity National Title Co | |
| Mehrzadi Khosrow | $168,000 | Fidelity National Title | |
| Bank One National Assn | $203,535 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Aslmand Pedram | $618,800 | |
| Closed | Asimand Pedram | $618,800 | |
| Previous Owner | Kasmaei Daryoush Navidi | $397,500 | |
| Previous Owner | Woods Larry | $346,500 | |
| Previous Owner | Woods Larry | $294,000 | |
| Previous Owner | Adams Marvin | $180,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/03/2020 08/03/20 | Sold | $750,000 | 0.0% | $164 / Sq Ft |
| 07/22/2020 07/22/20 | Pending | -- | -- | -- |
| 07/19/2020 07/19/20 | Price Changed | $750,000 | +3.4% | $164 / Sq Ft |
| 07/17/2020 07/17/20 | For Sale | $725,000 | +36.8% | $159 / Sq Ft |
| 06/24/2015 06/24/15 | Sold | $530,000 | -11.5% | $116 / Sq Ft |
| 06/24/2015 06/24/15 | Pending | -- | -- | -- |
| 03/06/2015 03/06/15 | For Sale | $599,000 | -- | $131 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,188 | $811,822 | $595,337 | $216,485 |
| 2024 | $10,188 | $795,905 | $583,664 | $212,241 |
| 2023 | $10,002 | $780,300 | $572,220 | $208,080 |
| 2022 | $9,555 | $765,000 | $561,000 | $204,000 |
| 2021 | $9,416 | $750,000 | $550,000 | $200,000 |
| 2020 | $7,587 | $582,433 | $395,616 | $186,817 |
| 2019 | $7,302 | $571,013 | $387,859 | $183,154 |
| 2018 | $7,177 | $559,817 | $380,254 | $179,563 |
| 2016 | $6,826 | $538,082 | $365,490 | $172,592 |
| 2015 | $4,794 | $367,517 | $147,498 | $220,019 |
| 2014 | -- | $360,319 | $144,609 | $215,710 |
Source: Public Records
Agents Affiliated with this Home
-
Bryan Castillo
-
Fred Cassidy
F
Seller's Agent in 2015
Fred Cassidy
West Shores Realty, Inc.
(310) 540-0072
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IN20139751
APN: 5020-034-021
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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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