300 E 42nd Place, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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Los Angeles, California 90011
This Residential Income Asset is a Strong Value Opportunity, listed at $649,000—positioned well below the $695,544 Fair Market Value by 6%. This valuation gap offers $46,544 in Instant Equity. Featuring a Permitted ADU and a 3-unit configuration, the property generates $4,454 in monthly income. With a Condition Rating of 4, the asset is functional yet offers room for cosmetic upgrades. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-producing property in Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 300 E 42nd Place Subject | $649,000* List Price | 0 | 0 | 2,205 | $315 | - |
A 1134 E 45th Street Sold | $575,000 | 4 | 4 | 2,037 | $282 | 0.9 mi |
B 1138 E 45th Street Sold | $575,000 | 5 | 4 | 2,460 | $234 | 0.9 mi |
C 5123 S San Pedro St Sold | $775,000 | 0 | 0 | 2,517 | $308 | 0.7 mi |
D 632 E 45th Active | $699,999 List Price | 7 | 3 | 2,322 | $301 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1922, the property is dated but functional. While the ADU is a recent permitted addition, the main units utilize older wall heaters and window AC units instead of modern central HVAC. Interior photos show basic tile flooring and standard finishes consistent with a well-used rental requiring minor updates.
The property features a versatile three-unit configuration including a 2-bedroom, a 3-bedroom, and a studio ADU, currently generating a robust monthly rental income of $4,454.
The studio ADU is fully permitted with a Certificate of Occupancy available, ensuring legal rental status and adding significant value to the investment without the risk of unpermitted structures.
Equipped with three separate electrical meters and two gas meters, the property allows for the majority of utility costs to be shifted to tenants, simplifying management and protecting the owner's bottom line.
With a lot size of only 1,886 square feet supporting 2,205 square feet of living space across three units, there is extremely limited outdoor space and potentially restricted on-site parking.
The property operates on a single water meter, requiring the owner to pay for all water and sewer usage, which can lead to unpredictable monthly expenses and reduced net operating income.
Great Investment opportunity to start or expand your portfolio in a desirable area of Los Angeles. Perfect for both homeowners and investors. This income-producing property features a duplex with a permitted ADU, offering a total of 2.205 square feet of living space across three units. The property includes One 2-Bedroom, 1- bath unit. One 3- bedroom, 2-bath unit. One studio ADU. The property has 3 electrical meters, 2 gas meters and 1 water meter. The owner currently pays for water, sewer, and partial gas, while tenants pay for electricity and gas. The ADU was completed with permits, and a Certificate of Occupancy can be provided. The property is currently generating strong rental income of $4,454. per month. Don`t miss this excellent opportunity to own a great property, whether for owner occupancy or as an addition to your investment portfolio. Conveniently located near shopping centers, schools, urban amenities, and major freeways.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
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 | 2,205 | 2,205 | 50% |
| Lot Size | 1,886 | 5,288 | 3% |
| Price | $649.0K | $760.0K | 30% |
| Price per sq ft | $294 | $345 | 42% |
| Built year | 1922 | 1922 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 213 | 3% |
May 23, 2026
$649,000
Initial Listing
Aug 6, 2013
$180,000
Public Record
Sep 25, 2003
$275,000
Public Record
Feb 8, 2001
$105,000
Public Record