257 W 42nd, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This Value-Add Fourplex Asset represents a Prime Investment Opportunity with a List Price of $600,000—positioned well below the $615,171 Fair Market Value by 2%. This strategic entry point offers $15,171 in Instant Equity for a property delivered fully vacant, allowing for immediate renovation. While currently holding a Condition Rating of 5, the property features significant upside through reconfiguring front units into two-bedroom layouts to maximize rental yield. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-potential house-hack near USC.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 257 W 42nd Subject | $600,000* List Price | 0 | 0 | 2,077 | $296 | - |
A 250 W 49th Street 2 Sold | $593,000 | 0 | 0 | 2,052 | $289 | 0.6 mi |
B 725 727 W 50th Street Sold | $625,000 | 0 | 0 | 1,916 | $326 | 0.8 mi |
C 260 W 42nd Place Sold | $675,000 | 0 | 0 | 2,544 | $265 | 0.0 mi |
D 547 W 43rd Street Active | $694,000 List Price | 0 | 0 | 1,921 | $361 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1930, this property is explicitly marketed as a 'cosmetic fixer' and 'diamond in the rough.' The exterior image shows significant deferred maintenance, including graffiti on the perimeter fence and overgrown landscaping. Given the age of the structure and the listing's emphasis on 'revitalization' and 'reconfiguration,' the property likely requires substantial rehabilitation of its kitchens, bathrooms, and major systems to meet modern living standards.
A rare and significant advantage in the Los Angeles market, allowing the new owner to renovate immediately and set market-rate rents without tenant relocation hurdles.
The front units offer the potential to be reconfigured from one-bedroom to two-bedroom layouts, providing a clear path to increasing the property's gross potential income.
The property is perfectly suited for a variety of buyers, including owner-users utilizing FHA/VA financing, multi-generational families, or long-term portfolio investors.
The property is identified as a 'diamond in the rough,' meaning it will require immediate and likely substantial capital expenditure for repairs and modernization.
Built in 1930, the property may harbor aging systems such as plumbing, electrical, and roofing that could require costly upgrades beyond simple cosmetic fixes.
With a total of 2,077 square feet across four units, the individual living spaces are relatively small, which may limit the appeal to certain tenant demographics.
A truly rare opportunity to acquire a fully vacant FOURPLEX property in south Los Angeles is now available. Diamond in the rough to call and make your own as this property has so many options to choose from. Perfect for a owner user. Incredibly versatile if you want to buy and hold for the most experienced investor. Front adjoining units are sizeable 1BED/BATH EACH, but can be reconfigured into 2 BEDS to generate higher rents. Fully separated back single units will be delivered vacant upon close of escrow that can be revitalized, maybe add square feet? The property is a cosmetic fixer, but the right buyer can really make this property into something extraordinary. Perfect if you have a large family and need the space, as well as ideal if you need mother-in law quarters, already built in. The possibilities are truly endless.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,077 | 2,012 | 58% |
| Lot Size | 4,842 | 5,377 | 26% |
| Price | $600.0K | $855.0K | 11% |
| Price per sq ft | $289 | $387 | 16% |
| Built year | 1930 | 1923 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 69 | 242 | 16% |
Feb 12, 2026
$600,000
Initial Listing