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965 W 42nd Pl, Los Angeles, CA 90037

$610,000

  • Sold
  • Closed
  • Multi-Family
965 W 42nd Pl, Los Angeles, CA 90037View this property at 965 W 42nd Pl, Los Angeles, CA 90037
965 W 42nd PlLos AngelesCA90037
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Property Description
Incredible opportunity! 1BR 1BA + 2BR 2BA + 4BR 1BA Triplex! 965 AND 965.5 AND 965.25 W. 42nd DO NOT DISTURB OCCUPANTS! Substantially underperforming! Offers subject to inspection. Drive by only! NEW ROOF, NEW DUAL GLAZED VINYL WINDOWS, NEW EXTERIOR PAINT, NEW INTERIOR PAINT @ 965 1/4. Rare 7 bedroom 4 bath Triplex Market Rent projected $1400+$2400(2BR2BA)+$2900(4BR1BA) =$6700/mo MARKET RENT TODAY! Do the math X 12 mo = $80,400 GROSS RENT (When you obtain today's market) projected to increase for the next several years! Approx $53K HERO loan used to complete windows and roof. List price reflects $53K HERO loan assumed by buyer. (5%vacancy &1.75% of SP subtract as expenses) AGI=$65,967.5 =11.086% cap rate! Cash Flow!

Full Property Details for 965 W 42nd Pl

General

  • Sold For: $610,000
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: 17-279880
  • Added: 281 day(s) ago

Interior

  • Appliances: Refrigerator, Vented Exhaust Fan, Range Hood, Microwave, Range

Exterior

  • Deck/Patio: Front Porch

Location

  • County: Los Angeles
  • Driving Directions: MLK Jr Blvd to S. Vermont towards 42nd, Left on 42nd.

Heating & Cooling

  • Heating Type: Wall Heater

Structural Information

  • # Buildings: 1
  • Windows/Doors: Double-Pane Windows,
  • Stories/Levels: Two Level
  • Stories Description: Two Level
  • Square Feet: 2,597
  • Year Built: 1903

Unit Information

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 4

Lot Features

  • Lot Size (Sq. Ft.): 2,764
  • Zoning: LAR3

Financial Considerations

  • Terms: All-Inclusive Trust Deed, Cash, Cash to Existing Loan, FHA Loan, Owner May Carry, Submit, VA Loan

Listed by Keller Williams Beverly Hills, Jeffrey Hill - CA DRE: 00951972
Sold by Keller Williams Pacific Estate, Kirk Pfaff - CA DRE: 02033346

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Schools

Schools serving 965 W 42nd Pl

Score
Name
Grades
Distance
4
4156 Menlo Ave, Los Angeles, CA 90037
K-5
0.1 mi
1
1700 W 46th St, Los Angeles, CA 90062
6-8
1.1 mi
4
4131 S Vermont Ave, Los Angeles, CA 90037
9-12
0.2 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History

Price & Sales History for 965 W 42nd Pl

Date
Details
Price
Change
Source
4/13/2018
Sold
$610,000
2.52%
MLS
10/12/2017
Listed
$595,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Community Info

Community Info for 965 W 42nd Pl

Listed by Keller Williams Beverly Hills, Jeffrey Hill - CA DRE: 00951972
Sold by Keller Williams Pacific Estate, Kirk Pfaff - CA DRE: 02033346

965 W 42nd Pl, Los Angeles, CA 90037 (MLS# 17-279880) is a Multi-Family property that was sold at $610,000 on April 13, 2018. Want to learn more about 965 W 42nd Pl? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.