Seller's Agent in 2018
Fernando Arizaga
Arizaga Real Estate, Inc.
(951) 818-7776
20 Total Sales
767 E 42nd St Los Angeles, CA 90011
Historic South Central NeighborhoodEstimated Value: $620,330 - $746,000
3
Beds
2
Baths
1,296
Sq Ft
$522/Sq Ft
Est. Value
Highlights
- Bonus Room
- Home Security System
- Jack-and-Jill Bathroom
- No HOA
- Formal Entry
- Tile Flooring
About This Home
As of January 2018What a package!!! Amazing income-producing opportunity in a great location for a duplex located just 1.8 miles from USC and the heart of Los Angeles. Two separate detached houses on one lot. Each house has its own separate water, gas and electric meters. This property consists of a specious 3 bedrooms and 1 bath home in the front (shows as 2 bedroom on title) and a large 1 bedroom home in the back with an open concept kitchen to the living room and full bath as well as a back patio. Plus 2 bonus rooms that are great for storage and a long driveway with plenty of extra parking space.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,541
Year Built
- Built in 1922
Lot Details
- 3,864 Sq Ft Lot
- No Common Walls
- Level Lot
- Front Yard
- Density is 2-5 Units/Acre
Home Design
- Duplex
- Raised Foundation
- Composition Roof
- Stucco
Interior Spaces
- 1,296 Sq Ft Home
- 1-Story Property
- Formal Entry
- Family Room
- Bonus Room
- Tile Flooring
Kitchen
- Gas Oven
- Gas Cooktop
Bedrooms and Bathrooms
- 3 Bedrooms
- Jack-and-Jill Bathroom
- 2 Bathrooms
Home Security
- Home Security System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
Outdoor Features
- Exterior Lighting
- Outdoor Storage
- Rain Gutters
Additional Features
- Urban Location
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 12
- Assessor Parcel Number 5115004010
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- 2 Leased Units
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $1,500
- Water Sewer Expense $1,800
- New Taxes Expense $4,000
- Operating Expense $7,300
- Gross Income $27,600
- Net Operating Income $23,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 31, 2017
Sold by
Perez Jose Manuel Lepe
Bought by
Sung Dasle
Total Days on Market
24
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
$320,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 14, 2002
Sold by
Perez Jose Manuel Lepe and Lepe Emilia Dejesus
Bought by
Perez Jose Manuel Lepe
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sung Dasle | $400,000 | First American Title Company | |
| Perez Jose Manuel Lepe | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sung Dasle | $309,000 | |
| Previous Owner | Sung Dasle | $320,000 | |
| Previous Owner | Lepe Jose Manuel | $30,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/05/2018 01/05/18 | Sold | $400,000 | 0.0% | $309 / Sq Ft |
| 10/05/2017 10/05/17 | For Sale | $399,950 | -- | $309 / 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 |
|---|---|---|---|---|
| 2024 | $5,541 | $446,204 | $368,119 | $78,085 |
| 2023 | $5,435 | $437,455 | $360,901 | $76,554 |
| 2022 | $5,183 | $428,878 | $353,825 | $75,053 |
| 2021 | $5,116 | $420,470 | $346,888 | $73,582 |
| 2020 | $5,164 | $416,160 | $343,332 | $72,828 |
| 2019 | $4,963 | $408,000 | $336,600 | $71,400 |
| 2018 | $724 | $51,672 | $24,763 | $26,909 |
| 2016 | $675 | $49,667 | $23,802 | $25,865 |
| 2015 | $666 | $48,922 | $23,445 | $25,477 |
| 2014 | $681 | $47,964 | $22,986 | $24,978 |
Source: Public Records
Agents Affiliated with this Home
-
Fernando Arizaga
Map
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IG17229249
APN: 5115-004-010
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