1020 W 42nd Place, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$999,999
1020 W 42nd Place, Los Angeles, California 90037
0Bed
0Bath
3,840Sqft
6,760Lot
Year Built
1909
Close
-
List price
$1,000K
Original List price
$1.3M
Price/Sqft
$260
HOA
-
Days on market
-
Sold On
-
MLS number
P1-24913
Home ConditionTear down
Features
Patio
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $1000.0K(57th), sqft - 3840(74th), beds - undefined(50th), baths - undefined(50th).
7 Bedrooms totalFront House:3 bedroom 1 bath HouseRear Units:2x - 2 Bedroom 1 1/2 Bathroom
Nearby schools
5/10
Menlo Avenue Elementary School
Public,•K-5•0.2mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.3mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.4mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.4mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.7mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.7mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.0mi
2/10
Western Avenue Elementary School
Public,•K-5•1.2mi
3/10
Trinity Street Elementary School
Public,•K-5•1.4mi
2/10
Main Street Elementary School
Public,•K-5•1.4mi
/10
Maple Primary Center
Public,•K-1•1.4mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.7mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•1.8mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.8mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.3mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.0mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.3mi
2/10
John Muir Middle School
Public,•6-8•1.3mi
3/10
Los Angeles Academy Middle
Public,•6-8•2.0mi
2/10
Audubon Middle School
Public,•6-8•2.1mi
1/10
Horace Mann Junior High School
Public,•6-8•2.3mi
3/10
Manual Arts Senior High School
Public,•9-12•0.2mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.4mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.2mi
5/10
Santee Education Complex
Public,•9-12•2.3mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.4mi
Price History
Date
Event
Price
12/05/25
Price Change
$999,999-23.0%
11/13/25
Listing
$1,299,000
Condition Rating
Tear down
Built in 1909, this property is over a century old and shows extreme signs of neglect and severe disrepair throughout. The images reveal unlivable conditions, including missing and damaged flooring, stained and peeling ceilings, extremely outdated and likely non-functional kitchens with missing cabinet doors and no visible appliances, and general accumulation of debris. The exterior also exhibits significant deferred maintenance with peeling paint and overgrown areas. The overall state suggests the structure is beyond economical repair and its value is primarily in the land and redevelopment potential, aligning with the 'tear-down' criteria.
Pros & Cons
Pros
Income-Generating Triplex: The property is a residential income triplex, featuring a 3-bedroom front house and two 2-bedroom rear units, offering significant rental income potential or multi-family living opportunities.
Substantial Price Reduction: The list price has seen a significant reduction from $1,299,000 to $999,999, presenting a more attractive investment opportunity for potential buyers.
Generous Lot Size: With a 6,760 sqft lot in Los Angeles, the property offers ample outdoor space for amenities, potential expansion, or future development, subject to zoning.
High Bedroom Count: A total of 7 bedrooms across the three units provides high occupancy potential and flexibility for various tenant configurations or multi-generational living.
Proximity to Highly-Rated Elementary School: Menlo Avenue Elementary School, rated 5, is located within walking distance (0.198 miles), which is a strong advantage for families with young children.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3840, other record living area = 3273.
Historic Age of Property: Built in 1909, the property is over a century old, which typically implies a higher likelihood of deferred maintenance, outdated systems (plumbing, electrical), and potentially significant renovation costs.
Lack of Desirable Views: The property explicitly states 'view: None,' which can be a disadvantage in the Los Angeles market where properties with desirable views often command a premium.
Mixed School Ratings in Vicinity: While one elementary school is highly rated, several other nearby schools have low ratings (e.g., 1 or 2), which could be a deterrent for families prioritizing strong school districts.