1007 E 42nd, Los Angeles, California 90011, Los Angeles, 90011 - 5 bed, 3 bath
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1007 E 42nd
Los Angeles, California 90011
ACTIVE
CONDITION: FAIR
5Beds
3Baths
888Sq Ft
5,097Lot Size
Property Price
LIST PRICE$699,999
EST. MARKET VALUE
$611,450
14% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $749,999—positioned well below the $715,868 Fair Market Value by -4%. Featuring a 5-bedroom, 3-bathroom layout across two structures, this asset offers significant Multi-Unit Income Potential and Vacant Delivery. While the Condition Rating of 4 indicates a need for professional verification of the unpermitted rear unit, the recent interior updates provide a solid foundation. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating property in Los Angeles.
Estimated Market Value
$611,450
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1007 E 42nd Subject | $699,999* List Price | 5 | 3 | 888 | $689 | - |
A 4416 Crocker Sold | $610,000 | 3 | 2 | 1,059 | $576 | 0.7 mi |
B 416 E 31st Street Active | $690,000 List Price | 3 | 1 | 1,020 | $676 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Originally built in 1907, the property has received recent cosmetic updates including new flooring and partial bathroom remodels. However, the presence of unfinished drywall in the bathroom, significant cracking in the exterior concrete, and a large unpermitted rear structure suggest the need for minor to moderate repairs and professional verification of systems.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
The property features two separate living structures, offering a versatile opportunity for multi-generational living or a high-yield rental strategy in the Los Angeles market.
- Vacant Delivery
Both units will be delivered vacant at the close of escrow, providing the buyer with immediate flexibility to occupy the home or select new tenants at current market rental rates.
- Recent Interior Renovations
The front home features new flooring and a remodeled bathroom, while the rear unit also includes a recently updated bathroom, reducing the need for immediate capital expenditures.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
- Unpermitted Rear Structure
The 3-bedroom, 2-bathroom rear unit is unpermitted, which poses significant risks regarding city compliance, zoning legality, and potential challenges with traditional financing or appraisals.
- Square Footage Discrepancy
With a recorded 888 square feet for a total of five bedrooms, the living spaces may feel significantly undersized or reflect a lack of permitted habitable area relative to the room count.
About 1007 E 42nd
Welcome to 1007 E. 42nd Place, Los Angeles, CA 90011! This property offers a great opportunity for both homeowners and investors. The front home features 2 bedrooms and 1 bathroom, with new flooring throughout and a recently remodeled bathroom, providing a fresh and updated interior. The property also includes a rear structure with 3 bedrooms and 2 bathrooms. One of the bathrooms in the rear unit has been recently remodeled. The rear unit is unpermitted, and the Seller makes no representations or warranties regarding its permit status, square footage, or legality. Buyers are advised to independently verify all information and conduct their own due diligence regarding permits, zoning, and intended use. Both the front and rear units will be delivered vacant at the close of escrow, offering flexibility for owner-occupants or investors. Conveniently located near schools, shopping, dining, and major freeways, this property offers excellent potential for a variety of buyers. Don't miss this unique opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1907
- Lot Size
- 5,097 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Harmony Elementary School
Grades K-5 • 0.1 mi
2/10
Wadsworth Avenue Elementary School
Grades K-5 • 0.2 mi
3/10
Sally Ride Elementary: A Smart Academy
Grades K-5 • 0.4 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 888 | 1,664.159 |
| Lot Size | 5,097 | 6,066.556 |
| Price | $700.0K | $1.35M |
| Price per sq ft | $788 | $806 |
| Built year | 1907 | 1939 |
| HOA | $0 | $278 |
| Days on market | 44 | 55 |
Pricing History
Listed for Sale
Aug 6, 2026
$699,999
$749,999
-7% Price Drop
Initial Listing
Price Change
Jul 27, 2026
$749,999
Initial Listing
Sold
Apr 4, 2025
$450,000
Public Record
Sold
Oct 30, 2015
$270,000
Public Record