1024 W 42nd Pl, Los Angeles, California 90037, Los Angeles, 90037 - 2 bed, 1 bath
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Los Angeles, California 90037
This Value-Add Residential Asset represents a strategic opportunity in a high-demand Los Angeles corridor, listed at $660,000. While the price sits above the $600,459 Fair Market Value, the valuation reflects the property's Income Generation Potential and prime proximity to USC. Currently holding a Vintage Condition Rating, the 1909 structure requires modernization but offers a substantial 6,761 sqft lot with significant ADU development potential. Located near top-rated Menlo Avenue Elementary, this is a high-utility acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack near the Los Angeles Coliseum.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1024 W 42nd Pl Subject | $599,900* List Price | 2 | 1 | 1,308 | $459 | - |
A 1040 W 45th Street Sold | $575,000 | 2 | 1 | 1,344 | $428 | 0.3 mi |
B 4239 South Raymond Avenue Sold | $565,000 | 2 | 1 | 1,218 | $464 | 0.3 mi |
C 4242 Kenwood Avenue Sold | $592,500 | 2 | 1 | 1,244 | $476 | 0.4 mi |
D 1111 W 54th Sold | $640,000 | 3 | 1 | 1,188 | $539 | 0.9 mi |
E 4162 S Budlong Avenue Sold | $580,000 | 4 | 2 | 1,792 | $324 | 0.2 mi |
F 1159 W 52nd Street Sold | $583,000 | 4 | 3 | 1,257 | $464 | 0.8 mi |
G 1225 W 52nd Street Pending | $605,000 List Price | 3 | 1 | 1,317 | $459 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1909, this property features vintage infrastructure and aging systems that require substantial updates. The current configuration as two separate living areas within a single-family residence with only one bathroom suggests non-conforming use and potential safety or permitting issues, necessitating significant rehabilitation to meet modern standards.
Situated near USC, the Los Angeles Coliseum, and major museums, this property is in a high-demand area with excellent access to major freeways and local amenities.
The home is currently configured into two separate living areas with an existing rental, offering a turnkey opportunity for investors or owner-users looking to offset their mortgage.
With a 6,761 square foot lot, the property provides significant outdoor space and potential for future expansion or the addition of an Accessory Dwelling Unit (ADU).
The property is currently used as two units but listed as a single-family residence; buyers must verify the legality and permits of the current configuration and square footage.
Built in 1909, the home likely requires updates to its aging systems and may necessitate additional investment to meet modern building standards and efficiency.
Investor Special Near USC - High Upside Opportunity Attention investors and developers!!! Secure this value-add property in a prime location near USC with strong rental demand and long-term upside. This 2 Bed/1 bath home includes an additional unpermitted rear unit, offering excellent potential for added income. Property is being sold as-is. Situated in a high-demand rental area, this property is well-positioned for student housing, long-term rental, or future redevelopment. Buyer to verify all permits, usage and development possibilities. Important Notes: Tenants living on-site - DO NOT DISTURB! Sold strictly AS-IS with no repairs and with tenants included. Opportunities like this don't last, submit your offer today!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K-2 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 28% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 1,308 | 1,282.5 | 50% |
| Lot Size | 6,761 | 5,366.5 | 91% |
| Price | $599.9K | $647.5K | 28% |
| Price per sq ft | $459 | $475 | 38% |
| Built year | 1909 | 1911 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 181 | 3% |
Apr 17, 2026
$599,900
$660,000
-9% Price Drop
Initial Listing
Mar 16, 2026
$660,000
Initial Listing
May 30, 2003
$192,000
Public Record