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955 W 42Nd St, Los Angeles, CA 90037
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955 W 42Nd St Los Angeles, CA 90037

$1,000,000 Sold Price as of 12/18/2023
  • 4 Beds
  • 4 Baths
  • 4,072 Sq.Ft.
Sold
$1,000,000 Sold Price as of 12/18/2023 Refinance Your Mortgage
Map preview of 955 W 42Nd St, Los Angeles, CA 90037

Property Overview: 955 W 42Nd St Los Angeles, CA has 4 bedrooms, 4 bathrooms, 4,072 living square feet and 5,747 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Value-Add Investment Opportunity! The subject property is a two story multifamily quadplex consisting of all 1 Bedroom + 1 Bathroom units. The property is well located near Exposition Park and the area has significant investment in recent years. These investments include, the George Lucas Museum of Narrative Art, BMO Stadium, expansion of the Los Angeles Natural History Museum, and the multitude of apartment projects along Figueroa St. The building is 4,072 Sq. Ft. with units averaging over 1,000 Sq. ft. each. Potential opportunity to convert 1 bed units into 2 bed units to achieve higher rents. Property is accessible by an alley in the rear and has room enough for 4 car parking spaces. Potential to build ADU in rear. *Buyer to verify all information* Drive by only, do not disturb tenants.

Listed by Michael R. Fukushima | BRE #01380445 | Keller Williams Downtown LA
Co-listed by Stephen F. Watson | BRE #01187813 | Keller Williams Downtown LA
Last checked: 8 minutes ago | Last updated: December 19th, 2023 | Source CRMLS | DOM: 69

Home details

Lot Sq. Ft
5,747
HOA Dues
$0/mo
Year built
1916
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23296960
City
Los Angeles
County
Los Angeles
Time on Site
281 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $958
  • Total Rent: $3,833
  • Pro Forma/Market Rent: $8,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.5%
  • Gross Rent Multiplier: 21.74
  • Gross Scheduled Income: --
  • Net Operating Income: $25,499
  • Gross Operating Income: $45,999
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 955 W 42Nd St

Interior Features
Cooling Information
  • No Cooling
  • None
Interior Features
  • Levels: Two
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 5020033014
  • Architectural Style: Craftsman
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: From Downtown Los Angeles, head south on Figueroa St. At the intersection of W 42nd St and Figueroa St. head west. Property will be on the North side of street right after Menlo Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 955 W 42Nd St

Last sold for $1,000,000 on December 18th, 2023

  • December, 2023

  • Dec 18, 2023

    Date

    Sold

    CRMLS: 23296960

    $1,000,000

    Price

  • Aug 2, 2023

    Date

    Active

    CRMLS: 23296960

    $1,025,000

    Price

  • August, 2001

  • Aug 30, 2001

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 1983

  • Dec 2, 1983

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 955 W 42Nd St

Assessed Value (2020): $162,408
Year Land Value Improved Value Assessed Value
2020 $86,072 $76,336 $162,408

Home Value Compared to the Market

This property vs the competition

955 W 42Nd St sold on December 18, 2023 for 15.97% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $245.58 per/sqft which puts the price per square foot 67.47% lower than the current median sale per square foot for the city of Los Angeles.

About 955 W 42Nd St

Detailed summary of property

955 W 42Nd St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 4,072 living square feet, and sits on an approximately 5,747 square foot lot. 955 W 42Nd St was first listed on ArdentRealEstateGroup.com on August 2, 2023. The homeowner sold the property for $1,000,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 15.97% lower than the current median priced home. Local homes that are currently for sale include 4216 Woodlawn Ave, 4024 Woodlawn Ave and 1054 W 58th Pl. While the average home in Los Angeles, CA is selling in 93 days, 955 W 42Nd St has a days on market of 69 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 955 W 42Nd St Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 955 W 42Nd St

Public county record property details
Beds
4
Baths
4
Year built
1916
Sq. Ft.
4,072
Lot Size
5,746
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
11,13
APN
5020-033-014

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$560
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
33
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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