620 W 42nd Place, Los Angeles, California 90037, Los Angeles, 90037 - 2 bed, 1 bath
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Los Angeles, California 90037
This Strategic Value-Add Asset is a High-Potential Investment Opportunity listed at $495,000, aligning with its $495,000 Fair Market Value. Currently in Poor Condition, this property requires a comprehensive top-to-bottom renovation to unlock its full ROI potential. Located in a high-demand corridor near USC and Exposition Park, the 4,804 sqft lot provides ample space for an ADU or expansion to maximize rental yields. This cash-only sale is perfectly suited for Fix-and-Flip Investors or Buy-and-Hold Investors targeting the rapidly developing Figueroa/Expo area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 620 W 42nd Place Subject | $495,000* List Price | 2 | 1 | 1,088 | $449 | - |
A 4239 South Raymond Avenue Sold | $565,000 | 2 | 1 | 1,218 | $464 | 0.8 mi |
B 4242 Kenwood Avenue Sold | $592,500 | 2 | 1 | 1,244 | $476 | 0.8 mi |
C 840 W 53rd Street Sold | $635,000 | 3 | 2 | 1,189 | $534 | 0.9 mi |
D 1159 W 52nd Street Sold | $583,000 | 4 | 3 | 1,257 | $464 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1921, this property is described as a 'full rehab' requiring a substantial top-to-bottom renovation of all systems and cosmetics. The listing explicitly states that traditional financing is not an option due to its condition, indicating significant deferred maintenance, outdated electrical and plumbing, and a kitchen and bathroom that likely require complete replacement.
Situated just minutes from USC and Exposition Park, the property is perfectly positioned to capitalize on high student housing demand and the university's ongoing expansion.
As a comprehensive value-add project, this property offers a rare opportunity for investors to build substantial equity through a top-to-bottom renovation.
The location provides exceptional access to the Coliseum, BMO Stadium, world-class museums, and the rapidly developing Figueroa/Expo corridor.
The property requires a complete, top-to-bottom overhaul of all major systems and cosmetics, necessitating a significant additional capital investment.
Due to its current condition, the property does not qualify for traditional financing and is restricted to cash-only buyers.
Built in 1921, the home likely faces challenges common to century-old structures, including outdated electrical, plumbing, and potential foundation issues.
**** 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.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 28% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 1,088 | 1,250.5 | 16% |
| Lot Size | 4,804 | 5,266 | 31% |
| Price | $495.0K | $647.5K | 3% |
| Price per sq ft | $455 | $475 | 34% |
| Built year | 1921 | 1911 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 154 | 181 | 31% |
Nov 19, 2025
$495,000
Initial Listing