1200 W. 42nd St., Los Angeles, CA 90037 - 20562720

Listing ID : 20562720

Beds
4
Garage
12111
Lot Size
4000 Acre
Year
1920

Description

PROBATE SALE, Subject to Court Confirmation and Overbidding. For sale after 45 years! A multi-family investment opportunity in one of the fastest growing neighborhoods in Los Angeles! This property has brand new roof and upgraded electrical system in early 2019. Each unit is separately metered for electricity and gas. Both units have 2 bedrooms and 1 bathroom with long-term tenants on a month-to-month tenancy. Current rent is $1,324.00 per month for 1200 42nd St and $655.64 per month for 4211 Budlong Ave.

Details

Type: Multi-Family/Income Sale

County: Los Angeles

Tax ID: 5020011001

Net Operating Income: $12,111

Days on Market: 400

Heating: Floor Furnace

Number of Units: 2

Property Type: Residential Income

Sub Type: Multi Family

Zoning: LAR2

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Interactive

1200 W. 42nd St., Los Angeles, CA 90037
Directions to here from: 155 mi

Area Information 90037

Population:

60,957 Up .01% since 2010

Average Income:

$42,333

Average Age:

29Years

Gender:

50.11%Male
49.89%Female

Households:

15,50053.75% with children

Average Value:

$584,587

Occupancy:

25.36%Owned
74.64%Rented
8.3%Vacant

Education:

23.25%High School
2.84%Associate
5.87%Bachelor
1.03%Graduate

Average Residency:

19Years

Crime Rate:

Above Average

Annual Rainfall:

14.47Inches

Earthquake Risk:

Very High

Hurricane Risk:

Very Low

Ozone Risk:

Average

Pollution Risk:

Average

Tornado Risk:

Average

Nearby Schools Los Angeles School Districts

School Name	GS Rating	Parent Rating	Distance
St. Cecilia Elementary School private • K-8	GS Rating	Parent Rating	Distance 0.2 mi
KIPP Vida Preparatory Academy charter • K-4	GS Rating	Parent Rating	Distance 0.3 mi
Normandie Avenue Elementary School public • K-5	GS Rating	Parent Rating	Distance 0.3 mi
Menlo Avenue Elementary School public • K-5	GS Rating	Parent Rating	Distance 0.4 mi
Dr. James Edward Jones Primary Center public • K-2	GS Rating	Parent Rating	Distance 0.5 mi
Marguerite Poindexter Lamotte Elementary public • K-5	GS Rating	Parent Rating	Distance 0.6 mi
Little Citizens Westside Academy private • 3-12	GS Rating	Parent Rating	Distance 0.7 mi
Martin Luther King Jr. Elementary School public • K-5	GS Rating	Parent Rating	Distance 0.7 mi

School Name	GS Rating	Parent Rating	Distance
St. Cecilia Elementary School private • K-8	GS Rating	Parent Rating	Distance 0.2 mi
Little Citizens Westside Academy private • 3-12	GS Rating	Parent Rating	Distance 0.7 mi
Barack Obama Global Preparation Academy public • 6-8	GS Rating	Parent Rating	Distance 0.8 mi
KIPP Scholar Academy charter • 5-8	GS Rating	Parent Rating	Distance 0.8 mi
Public Policy Charter charter • 5-8	GS Rating	Parent Rating	Distance 0.8 mi
La's Promise Charter Middle #1 charter • 6-8	GS Rating	Parent Rating	Distance 0.9 mi
W.D.M. Islamic Learning Center/S.C.M School private • K-12	GS Rating	Parent Rating	Distance 0.9 mi
Foshay Learning Center public • K-12	GS Rating	Parent Rating	Distance 1.0 mi

School Name	GS Rating	Parent Rating	Distance
Manual Arts Senior High School public • 9-12	GS Rating	Parent Rating	Distance 0.3 mi
Little Citizens Westside Academy private • 3-12	GS Rating	Parent Rating	Distance 0.7 mi
W.D.M. Islamic Learning Center/S.C.M School private • K-12	GS Rating	Parent Rating	Distance 0.9 mi
Foshay Learning Center public • K-12	GS Rating	Parent Rating	Distance 1.0 mi
La's Promise Charter High #1 charter • 9-12	GS Rating	Parent Rating	Distance 1.0 mi
W.D.M Islamic Learning Center/S.C.M.S private • K-12	GS Rating	Parent Rating	Distance 1.0 mi
California Collegiate Charter School charter • 6-10	GS Rating	Parent Rating	Distance 1.1 mi
Dorothy Brown School private • 6-12	GS Rating	Parent Rating	Distance 1.2 mi

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Tax Assessments

Value

Land $23,505
Improvements $15,440

Total $38,945

Property Tax

2020 $818

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Listed by Vineendra Jain with Ingenious Asset Group, Inc.

Office: 888-603-IPRO

1200 W. 42nd St. - $550,000