950 West 42nd Street

Los Angeles, CA 90037

$1,150,000
Last Sold Price
9
Beds
4
Baths
4,662 Sq. Ft.
$247 / Sq. Ft.
4,662
Sq. Ft.
$247
per Sq. Ft.

Description

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...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.
  1. Listed by Joyce Lee • DRE #01055795 • Brokerage DRE #01297873 • Prime Properties

Property Details for 950 West 42nd Street

Zoning
LAR3
Parcel Number
5020034001
Total Units
4.0
Living Area
4662
Source Living Area
Vendor Enhanced
Area
Los Angeles Southwest (C34)
Vacancy Rate
0
Lot Size Area
6790

Location

Listing Courtesy of Prime Properties, Joyce Lee, DRE #01055795

Sold By Total Commercial, Inc., Sang (Brian) Ji, DRE #01443223

Add your commute
LISTING UPDATED: 08/10/2021 06:16 PM

Property Details for 950 West 42nd Street

StatusSold
MLS #21-695482
Days on Market136
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1918
Lot Size0.16 AC / 6,790 SF
CountyLos Angeles County

Location

Listing Courtesy of Prime Properties, Joyce Lee, DRE #01055795

Sold By Total Commercial, Inc., Sang (Brian) Ji, DRE #01443223

Add your commute

Building Information for 950 West 42nd Street

Stories2Residences-Year Built1918Building Size-Lot Size0.16 AC / 6,790 SF

Payment Calculator

$7,508 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,276

Property Taxes

$1,232

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 950 West 42nd Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Four plex
Contract Info
Contract Info
  • Disclosures: As Is, Property Report, Rent Control, Owner Has R.E. License, Seller/Owner/Principal RE Licensed, Termite Provisions - None, Exclusions Call Agent, Pet Restrictions
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $68,988
  • Net Operating Income: $46,918.00
  • Gross Income: $68,988
  • Gross Rent Multiplier: $18.77
  • Actual Annual Gross Rent: $68,988.00
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 22070
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.1559
  • Lot Size Square Feet: 6790
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: Assigned, Auto Driveway Gate, Community Garage, Carport, Driveway, Garage, Garage Is Detached
  • Total Parking: 4
  • Parking Features: Assigned, Auto Driveway Gate, Community Structure, Carport, Driveway, Garage
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room, Gas and Wood
  • Cooling Type: Ceiling Fan
  • Heating Type: Wall Gas
  • Equipment: Ceiling Fan, Gas Or Electric Dryer Hookup, Electric Dryer Hookup, Garbage Disposal, Range/Oven
  • Interior Features: Ceiling Fan(s)
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-22-2021
  • Rent Control: Yes
  • Rent Control: 100
  • Garage Rental Rate: 150
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,447.00
  • Unit Actual Rent: $1,447.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 950
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,305.00
  • Unit Actual Rent: $1,305.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 952
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,472.00
  • Unit Actual Rent: $1,472.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 954
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,375.00
  • Unit Actual Rent: $1,375.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 956
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $250,000.00
  • Assessed Improvement Percent: 31.25
  • Assessed Land Value: $550,000.00
  • Assessed Land Percent: 68.75
  • Assessed Total Value: $800,000.00

Property History for 950 West 42nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 950 West 42nd Street

Taxable ValueLand$918,000Additions$255,000Total$1,173,000
Tax Record2023$14,780 ($1,232 / month)
Home Facts
Total Finished SqFt4,662 SqFtAbove Grade Finished SqFt4,662 SqFtLot Size6,790 SqFtStyleQuadraplexYear Built1918ZoningLAR3CountyLOS ANGELESAPN5020-034-001

Schools near 950 West 42nd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 9
Public - 9 to 12
Charter - K to 4
Rating
School
Distance
Menlo Avenue Elementary School
PublicK to 5

Barack Obama Global Preparation Academy
Public6 to 9

Manual Arts Senior High School
Public9 to 12

KIPP Vida Preparatory Academy
CharterK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Prime Properties, Joyce Lee, DRE #01055795

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.