300 E 42nd Place, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$699,000$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:
Multi-Unit Income Property: This property is a duplex with a permitted Accessory Dwelling Unit (ADU), totaling three separate units, offering excellent potential for rental income and diverse tenant options.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2, other record living area = 1884.
Compared to the nearby listings
Price:$699.0K vs avg $699.0K (+$0)50%
Size:2 sqft vs avg 2,076 sqft3%
Price/sqft:$349.5K vs avg $34097%
More Insights
Built in 1922 (104 years old).
Condition: Built in 1922, this property is over 100 years old. While it includes a recently permitted ADU, the main duplex units are likely significantly aged. The exterior images show an older building with stucco that appears weathered, and security bars on windows and doors, suggesting an older aesthetic and potential for deferred maintenance. Without interior photos, it's highly probable that the kitchens, bathrooms, flooring, and other interior components of the main units are outdated, though functional enough to generate substantial income. The property is not in 'poor' condition as it's actively generating income and described as an investment opportunity, implying habitability. However, it clearly requires minor to moderate updates and repairs to bring the main units to modern standards, aligning with the 'fair' condition criteria of being aged, functional, but showing signs of being outdated.
Year Built
1922
Close
-
List price
$699K
Original List price
$725K
Price/Sqft
$349,500
HOA
-
Days on market
-
Sold On
-
MLS number
DW26005704
Home ConditionFair
Features
View-
About this home
Great Investment opportunity to star your portfolio in Good Area of Los Angeles. Perfect for homeowners and Investors. This is a Duplex with a permitted ADU, on 2,205 square feet of living space. for a total of Three Units. one unit is 2 bedrooms one bath, second unit is 3 bedrooms two bath, 2 electrical meter, 2 gas meter and one water meter. Owner pays water and Sewer. Tenants pay electricity and gas. The ADU was completed with permits and could provide certificate of occupancy. Property currently producing great income of $5,900 per months Don't miss this perfect opportunity to buy a great property to live in or just add to your portfolio. Property is located near urban amenities, Shopping center, school, and 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
Fair
Built in 1922, this property is over 100 years old. While it includes a recently permitted ADU, the main duplex units are likely significantly aged. The exterior images show an older building with stucco that appears weathered, and security bars on windows and doors, suggesting an older aesthetic and potential for deferred maintenance. Without interior photos, it's highly probable that the kitchens, bathrooms, flooring, and other interior components of the main units are outdated, though functional enough to generate substantial income. The property is not in 'poor' condition as it's actively generating income and described as an investment opportunity, implying habitability. However, it clearly requires minor to moderate updates and repairs to bring the main units to modern standards, aligning with the 'fair' condition criteria of being aged, functional, but showing signs of being outdated.
Pros & Cons
Pros
Multi-Unit Income Property: This property is a duplex with a permitted Accessory Dwelling Unit (ADU), totaling three separate units, offering excellent potential for rental income and diverse tenant options.
Strong Current Income: Currently generating a significant income of $5,900 per month, providing immediate and substantial cash flow for investors.
Permitted ADU: The ADU was completed with permits and can provide a Certificate of Occupancy, ensuring its legality and adding significant value and rental potential.
Tenant-Paid Utilities (Gas & Electric): Tenants are responsible for their own electricity and gas bills, which helps reduce the landlord's operating expenses and increases net income.
Desirable Urban Location: Located in a 'Good Area of Los Angeles' near urban amenities, shopping centers, schools, and freeways, enhancing tenant appeal and long-term property value.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2, other record living area = 1884.
Owner-Paid Water & Sewer: The owner is responsible for water and sewer costs, which can be a notable ongoing expense and reduce the overall net operating income.
Historic Property Age: Built in 1922, the property is over 100 years old, which may imply higher maintenance requirements, potential for outdated systems, and the need for future capital expenditures.
Limited Lot Size: With a lot size of 1886 square feet, the property offers minimal outdoor space, which could be a drawback for some tenants or limit future expansion possibilities.