300 E 42nd Place, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$749,000$2/sqft
300 E 42nd Place, Los Angeles, California 90011
0Bed
0Bath
2Sqft
1,886Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Income Potential: The property is currently generating a significant income of $5,560 per month, making it a strong cash-flow investment opportunity.
Top Cons:
Property Age: Built in 1922, the property is over a century old, which may imply outdated systems, potential for deferred maintenance, and the need for significant capital expenditures for renovations or repairs.
Compared to the nearby listings
Price:$749.0K vs avg $699.0K (+$50,000)59%
Size:2 sqft vs avg 2,076 sqft3%
Price/sqft:$374.5K vs avg $34097%
More Insights
Built in 1922 (104 years old).
Condition: The property was built in 1922, making it over 100 years old. The complete absence of interior images, particularly of kitchens and bathrooms, strongly suggests these areas are significantly outdated and likely in poor condition, requiring substantial renovation. The listing description focuses on investment potential and income, rather than the property's condition or recent updates. The AI analysis also notes the property's age as a weakness, implying outdated systems and a need for significant capital expenditures. While currently income-producing, the living spaces themselves are likely far from modern standards and require major rehabilitation to meet contemporary expectations.
Year Built
1922
Close
-
List price
$749K
Original List price
$749K
Price/Sqft
$374,500
HOA
-
Days on market
-
Sold On
-
MLS number
DW25120017
Home ConditionPoor
Features
View-
About this home
Great Investment opportunity to star your porfolio in Good Area of Los Angeles. Perfect for homeowners and Investors. This is a Duplex with a permited ADU, for a total of Three Units. one unit is 2 bedrooms one bath, second unit is three bedrooms one bath. with permitted ADU. Separated Electricity and gas meter. Water is paid by the owner. Property currenthly producing great income of $5,560 per months Dont miss this perfect opportunity to buy a great propery to live in or just add to your portfolio. Property is located near urban amenities, Shopping center, school, freeways.
M
Mercy Monroy
Listing Agent
Nearby schools
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.3mi
3/10
Trinity Street Elementary School
Public,•K-5•0.4mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.6mi
/10
Maple Primary Center
Public,•K-1•0.6mi
2/10
Harmony Elementary School
Public,•K-5•0.6mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.7mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.7mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.8mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.8mi
5/10
Dolores Huerta Elementary School
Public,•K-5•0.9mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•1.0mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.1mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.1mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.3mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.5mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.6mi
5/10
San Pedro Street Elementary School
Public,•K-5•1.8mi
2/10
John W. Mack Elementary School
Public,•K-5•1.9mi
4/10
Norwood Street Elementary School
Public,•K-5•2.0mi
3/10
George Washington Carver Middle School
Public,•6-8•0.6mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•0.9mi
4/10
John Adams Middle School
Public,•6-8•1.1mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.4mi
2/10
John Muir Middle School
Public,•6-8•1.8mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.2mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.1mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.1mi
3/10
Manual Arts Senior High School
Public,•9-12•1.2mi
5/10
Santee Education Complex
Public,•9-12•1.6mi
4/10
West Adams Preparatory High School
Public,•9-12•2.6mi
Price History
Date
Event
Price
02/08/01
Sold
$105,000
08/06/13
Sold
$180,000
09/25/03
Sold
$275,000
Condition Rating
Poor
The property was built in 1922, making it over 100 years old. The complete absence of interior images, particularly of kitchens and bathrooms, strongly suggests these areas are significantly outdated and likely in poor condition, requiring substantial renovation. The listing description focuses on investment potential and income, rather than the property's condition or recent updates. The AI analysis also notes the property's age as a weakness, implying outdated systems and a need for significant capital expenditures. While currently income-producing, the living spaces themselves are likely far from modern standards and require major rehabilitation to meet contemporary expectations.
Pros & Cons
Pros
High Income Potential: The property is currently generating a significant income of $5,560 per month, making it a strong cash-flow investment opportunity.
Multi-Unit Configuration: Comprising a duplex and a permitted Accessory Dwelling Unit (ADU), the property offers three independent rental units, maximizing rental income and investment flexibility.
Permitted ADU: The ADU is legally permitted, ensuring compliance, adding substantial value, and providing a legitimate third income stream.
Separate Utilities: Each unit benefits from separate electricity and gas meters, simplifying tenant billing and reducing landlord management overhead for utility costs.
Strategic Urban Location: Located in a desirable area of Los Angeles, the property offers convenient access to urban amenities, shopping centers, schools, and major freeways, enhancing tenant appeal and potential appreciation.
Cons
Property Age: Built in 1922, the property is over a century old, which may imply outdated systems, potential for deferred maintenance, and the need for significant capital expenditures for renovations or repairs.
Owner-Paid Water: The owner is responsible for water expenses for all units, which represents an ongoing operational cost that directly impacts the net operating income and overall profitability.
Limited Lot Size & Missing Unit Details: The property sits on a relatively small 1886 sqft lot for three units, potentially limiting outdoor space. Furthermore, the provided 'sqft:2' is an obvious data error, indicating a lack of accurate or detailed information regarding the actual living area of the units.