1655 E 42nd Street, Los Angeles, California 90011, Los Angeles, 90011 - 2 bed, 1 bath
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1655 E 42nd Street
Los Angeles, California 90011
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,196Sq Ft
5,307Lot Size
Property Price
LIST PRICE$695,000
EST. MARKET VALUE
$609,883
13% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $795,000—positioned well above the $654,599 Fair Market Value by -21%. Given the Condition Rating of 5, the 1907 structure requires significant capital investment for structural and system modernization. The 5,307 sqft lot provides substantial upside for expansion or ADU development. Located near multiple schools, this asset is best suited for Fix-and-Flip Investors or Contractors capable of executing a comprehensive renovation to unlock the property's underlying value.
Estimated Market Value
$609,883
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1907, this 117-year-old structure is well beyond the 30-year threshold for major system lifespans. The exterior shows signs of deferred maintenance and heavy wear. Without evidence of a recent full-scale renovation, the kitchen, bathrooms, and essential systems (HVAC/Electric) are likely outdated and require significant rehab to address potential safety and structural defects.
PROSSTRENGTHS & OPPORTUNITIES
- Generous Lot Size
The property sits on a 5,307 sqft lot, offering significant outdoor space and potential for future expansion or the addition of an Accessory Dwelling Unit (ADU) in a dense urban area.
- Educational Accessibility
Ideally located within walking distance of multiple schools, including Nava College Preparatory Academy and Ascot Avenue Elementary, providing excellent convenience for families.
- Central Mid-LA Location
Situated in the C16 Mid Los Angeles area, the property offers a central location with easy access to Downtown Los Angeles and major transit corridors.
CONSRISKS & DEFICIENCIES
- Historic Age
Built in 1907, the property is over a century old and may require significant capital investment for structural updates, electrical, and plumbing to meet modern building codes.
- Limited Bathroom Utility
The 2-bedroom, 1-bathroom configuration may limit the property's appeal to larger families or those seeking modern convenience, potentially impacting its competitive edge at this price point.
About 1655 E 42nd Street
Exceptional opportunity in Los Angeles. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1907
- Lot Size
- 5,307 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Ascot Avenue Elementary School
Grades K-5 • 0.4 mi
4/10
Nevin Avenue Elementary School
Grades K-5 • 0.4 mi
4/10
Holmes Avenue Elementary School
Grades K-6 • 0.8 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,196 | 1,664.159 |
| Lot Size | 5,307 | 6,066.556 |
| Price | $695.0K | $1.35M |
| Price per sq ft | $581 | $806 |
| Built year | 1907 | 1939 |
| HOA | $0 | $278 |
| Days on market | 47 | 55 |
Pricing History
Listed for Sale
Aug 1, 2026
$695,000
$795,000
-13% Price Drop
Initial Listing
Price Change
Jul 24, 2026
$795,000
Initial Listing
Sold
Jul 2, 2018
$426,000
Public Record
Sold
Sep 18, 2013
$255,000
Public Record
Sold
Mar 22, 2013
$165,500
Public Record