620 W 42nd Place, Los Angeles, California 90037, Los Angeles, 90037 - 2 bed, 1 bath
ACTIVE$495,000
620 W 42nd Place, Los Angeles, California 90037
2Beds
1Bath
1,088Sqft
4,804Lot
Price Vs. Estimate
The estimated value ($472,148) is $22,852 (4%) lower than the list price ($495,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Investment Corridor: Positioned in one of South Los Angeles' most desirable investment corridors, offering significant market appeal and growth potential.
Top Cons:
Extensive Renovation Required: The property demands a substantial, top-to-bottom renovation, including all systems and cosmetics, to unlock its true potential.
Compared to the nearby listings
Price:$495.0K vs avg $665.0K ($-170,000)3%
Size:1,088 sqft vs avg 1,456.5 sqft15%
Price/sqft:$455 vs avg $45650%
More Insights
Built in 1921 (104 years old).
Condition: The property, built in 1921, is explicitly described as requiring a 'substantial, top-to-bottom renovation' and a 'full rehab' due to its condition, necessitating a cash-only sale. The images confirm severe neglect, with an extremely outdated and unsanitary kitchen featuring an old sink, cabinetry, and what appears to be a non-functional stove. Walls show significant wear and potential damage, and overall systems are likely at or beyond their lifespan. This aligns with the 'poor' condition criteria, indicating substantial repairs and rehabilitation are needed, with major components likely requiring extensive replacement.
Year Built
1921
Close
-
List price
$495K
Original List price
$495K
Price/Sqft
$455
HOA
-
Days on market
-
Sold On
-
MLS number
25620969
Home ConditionPoor
Features
View
About this home
**** Calling All Investors****Positioned in one of South Los Angeles' most desirable investment corridors, this property sits just minutes from USC, Exposition Park, the Coliseum, BMO Stadium, museums, transit, and the rapidly developing Figueroa/Expo area. Opportunities in this pocket don't come around often, especially with this level of upside. The home will require a substantial, top-to-bottom renovation. From systems to cosmetics, investors should anticipate a full rehab to unlock the property's true potential. For the right buyer, this becomes a rare chance to capitalize on strong rental demand, student housing opportunities, and long-term equity growth fueled by USC's ongoing expansion and the continued revitalization of Exposition Park. Whether you're building a rental portfolio or searching for your next project, this is a compelling value-add opportunity in a location where returns remain steady and consistently strong. Due to the property's condition, traditional financing will not be an option. This is a cash-only sale, ideal for investors ready to undertake a complete renovation.
Nearby schools
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.3mi
5/10
Menlo Avenue Elementary School
Public,•K-5•0.3mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.3mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.6mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.7mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.8mi
3/10
Trinity Street Elementary School
Public,•K-5•1.0mi
/10
Maple Primary Center
Public,•K-1•1.0mi
2/10
Main Street Elementary School
Public,•K-5•1.0mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.4mi
2/10
Western Avenue Elementary School
Public,•K-5•1.5mi
2/10
Forty-Second Street Elementary School
Public,•K-5•2.1mi
3/10
Angeles Mesa Elementary School
Public,•K-5•2.2mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.2mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.6mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.0mi
2/10
John Muir Middle School
Public,•6-8•1.4mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.4mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.6mi
1/10
Horace Mann Junior High School
Public,•6-8•2.6mi
2/10
Audubon Middle School
Public,•6-8•2.6mi
3/10
Manual Arts Senior High School
Public,•9-12•0.4mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.4mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.9mi
5/10
Santee Education Complex
Public,•9-12•2.0mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.6mi
Condition Rating
Poor
The property, built in 1921, is explicitly described as requiring a 'substantial, top-to-bottom renovation' and a 'full rehab' due to its condition, necessitating a cash-only sale. The images confirm severe neglect, with an extremely outdated and unsanitary kitchen featuring an old sink, cabinetry, and what appears to be a non-functional stove. Walls show significant wear and potential damage, and overall systems are likely at or beyond their lifespan. This aligns with the 'poor' condition criteria, indicating substantial repairs and rehabilitation are needed, with major components likely requiring extensive replacement.
Pros & Cons
Pros
Prime Investment Corridor: Positioned in one of South Los Angeles' most desirable investment corridors, offering significant market appeal and growth potential.
Proximity to Major Institutions & Amenities: Located just minutes from USC, Exposition Park, the Coliseum, BMO Stadium, museums, and transit, enhancing its desirability for renters and future resale.
Strong Rental & Student Housing Demand: The property is ideally situated to capitalize on strong rental demand and student housing opportunities, fueled by USC's ongoing expansion.
Significant Value-Add Potential: Offers a compelling value-add opportunity with high upside for long-term equity growth through a complete renovation.
Consistent Market Returns: Located in an area known for steady and consistently strong returns, making it an attractive prospect for investors.
Cons
Extensive Renovation Required: The property demands a substantial, top-to-bottom renovation, including all systems and cosmetics, to unlock its true potential.
Cash-Only Sale: Traditional financing is not an option due to the property's condition, limiting the buyer pool exclusively to cash investors.
Aged Property Condition: Built in 1921, the property's age implies significant wear and tear, necessitating a full rehab and potentially uncovering unforeseen issues.