748 E 42Nd St Los Angeles, CA 90011

$3,250,000 Sold Price as of 03/10/2020

6 Beds
6 Baths
3,104 Sq.Ft.

Off Market

$3,250,000 Sold Price as of 03/10/2020 Refinance Your Mortgage

Map preview of 748 E 42Nd St, Los Angeles, CA 90011

Property Overview: 748 E 42Nd St Los Angeles, CA has 6 bedrooms, 6 bathrooms, 3,104 living square feet and 5,257 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

748 E 42Nd St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote

Local Los Angeles Agent

Sale History for 748 E 42Nd St

Last sold for $3,250,000 on March 10th, 2020

July, 2020
Jul 23, 2020

Date

Sold

CRMLS: 20543770

$729,284

Price
Feb 20, 2020

Date

Active Under Contract

CRMLS: 20543770

$800,000

Price
Jan 14, 2020

Date

Active

CRMLS: 20543770

$800,000

Price
Listing provided courtesy of CRMLS

The Subject property is a part of a 5-property portfolio, which is a true value-add investment opportunity located throughout Los Angeles totaling 24 units; the properties are located among South Park and South Los Angeles neighborhoods. The subject properties present an impressive unit mix throughout consisting of 22 one-bedrooms and 2 two-bedrooms; the majority of the units are currently at below market rents offering an investor a true value-add opportunity and the chance to increase cash flow dramatically through renovations. The portfolio is being offered at a low price per unit of $150,417 blended; significant loss-to-lease of over 43%. With current rents below market and the subject properties being just 4-6 units, unit turnover and the achievement of market rents over time will dramatically increase the income and value of each property on an individual basis.Each subject property is located within densely populated submarkets of Los Angeles with rising rents year-over-ye

Continue Reading
March, 2020
Mar 10, 2020

Date

Sold (Public Records)

Public Records

$3,250,000

Price
November, 2017
Nov 22, 2017

Date

Sold (Public Records)

Public Records

$699,000

Price

Tax History for 748 E 42Nd St

Assessed Value (2020): $727,239

Year	Land Value	Improved Value	Assessed Value
2020	$364,140	$363,099	$727,239

About 748 E 42Nd St

Detailed summary of property

748 E 42Nd St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90011 and last sold on March 10, 2020 for $3,250,000. This property has 6 bedrooms, 6 bathrooms, roughly 3,104 living square feet, and sits on an approximately 5,257 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 190.18% higher than the current median priced home. 748 E 42Nd St was last sold on March 10, 2020 for $3,250,000. Local nearby listings include 626 E 54th St, 261 W 43rd Pl and 4725 Compton Ave. The average home in Los Angeles, CA is selling in 106 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. If you are the homeowner and looking to sell the home at 748 E 42Nd St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 748 E 42Nd St

Public county record property details

Beds: 6
Baths: 6
Year built: 1956
Sq. Ft.: 3,104
Lot Size: 5,257
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 22
APN: 5115-005-004

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$625,000

Median List Price/Sq.Ft.

$531

Median Sold Price

$590,000

Median Sold Price/Sq.Ft.

$438

Total Inventory

Median Sale to List Price %

102.61%

Avg Days on Market

Loan Type

Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote