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341 W 42nd Street, Los Angeles, California 90037, Los Angeles, 90037 - 3 bed, 2 bath

341 W 42nd Street, Los Angeles, California 90037 home-pic-0
ACTIVE$700,000
341 W 42nd Street, Los Angeles, California 90037
3Beds
2Baths
1,273Sqft
5,198Lot
Year Built
1908
Close
-
List price
$700K
Original List price
$750K
Price/Sqft
$550
HOA
-
Days on market
-
Sold On
-
MLS number
MB24252822
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 26% below the list price. We found 4 Cons,5 Pros. Rank: price - $700.0K(61th), sqft - 1273(36th), beds - 3(50th), baths - 2(50th).

THIS PROPERTY WILL BE VACANT. HIGH CEILINGS with 6 PARKINGS AT THE REAR.Welcome to one of kind original classic elegant Traditional style home. Elegance and exquisite detailing throughout. Enter to grand living room with original moldings by the doors and walls, original hardwood flooring, Nice lights fixtures at the living and dining. Original wood siding at half walls by dining area. Open concept through out the dining with an original fireplace and large windows. Stately formal dining perfect for large gatherings. Cozy convertible den could be used as a 3rd bedroom. Galley style kitchen granite counters with small breakfast area is ready for complete remodel. Laundry area very convenient next to kitchen. Vintage two full bathrooms. The magic of this home are the good size 3 bedrooms. Large carport and beautiful spacious rear yard for your family parties. Great spacious attic easy to access with spacious rooms and storage areas. Also there is a basement. This home offers so many possibilities with the best location, Great School one of them is USC and local shops. ZONING LARD2. Great property for great renovation project.

Price History

Date
Event
Price
07/01/25
Sold
$680,000
01/20/12
Sold
$200,000
Condition Rating
Poor
Built in 1908, this property is explicitly described as a 'great renovation project.' The kitchen is 'ready for complete remodel' and the bathrooms are 'vintage,' indicating a need for substantial updates and rehabilitation, not just minor repairs. While it retains original charm like hardwood floors and moldings, the critical areas (kitchen and bathrooms) are severely outdated, and major systems (electrical, plumbing, HVAC) are likely beyond their expected lifespan, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Historic Charm & Architectural Details: The property retains its original classic elegant Traditional style, featuring original moldings, hardwood flooring, wood siding, and a fireplace, offering unique character and restoration potential.
Development & Value-Add Potential: Zoned LARD2 with a generous 5,198 sqft lot, this property presents significant opportunities for renovation, expansion, or potential ADU/multi-unit development.
Ample Parking: A rare and highly desirable feature in Los Angeles, offering 6 parking spaces at the rear and a large carport, addressing a common urban challenge.
Versatile Interior Spaces: Features high ceilings, a grand living room, formal dining, a convertible den (potential 3rd bedroom), good-sized bedrooms, a spacious attic, and a basement, providing flexibility for various uses.
Strategic Location: Situated in a prime location with proximity to USC and local shops, enhancing its appeal for both owner-occupants and investors.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-07-01. The sold price is $680,000.00.
Extensive Renovation Required: The kitchen is explicitly stated as 'ready for complete remodel' and bathrooms are 'vintage,' indicating a need for significant capital investment and a comprehensive renovation project.
Potential Overpricing: The current list price of $700,000 is substantially higher than the property estimation of $512,135, suggesting it may be overpriced relative to its current condition and market comparables.
Age-Related System Concerns: Built in 1908, the property likely has aging infrastructure (plumbing, electrical, HVAC) that may require substantial upgrades, adding to renovation costs and complexity.

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