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686 E 42nd Place, Los Angeles, California 90011, Los Angeles, 90011 - 7 bed, 3 bath

686 E 42nd Place, Los Angeles, California 90011 home-pic-0
ACTIVE$770,000$2,654/sqft
Est. Value: $568,297
-26%
AboveEstimate
686 E 42nd Place, Los Angeles, California 90011
7Beds
3Baths
2,654Sqft
5,112Lot

Price Vs. Estimate

The estimated value ($568,296.63) is $201,703.37 (26%) lower than the list price ($770,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income & ADU Potential: The property functions as two separate units (7 beds, 3 baths total) ideal for multi-generational living or rental income, with additional ADU development potential.
Top Cons:
Condition Requiring TLC: The property explicitly states 'some TLC is needed,' indicating potential for necessary repairs, updates, or customization costs for the buyer.

Compared to the nearby listings

Price:$770.0K vs avg $572.5K (+$197,500)94%
Size:2,654 sqft vs avg 1,162.5 sqft97%
Price/sqft:$290 vs avg $5186%

More Insights

Built in 1912 (114 years old).
Condition: Built in 1912, this property is over a century old. While it features some updates like recessed lighting and tile flooring throughout, the kitchens and bathrooms are significantly dated. The kitchens display older style cabinets, laminate countertops, and basic white appliances, lacking modern aesthetics and features. Bathrooms also show older vanities, basic fixtures, and simple tile surrounds. The listing itself states 'some TLC is needed,' indicating that while functional, the property requires substantial cosmetic updates and renovations to meet current quality and style standards, aligning with the 'Fair' condition criteria.
Year Built
1912
Close
-
List price
$770K
Original List price
$875K
Price/Sqft
$290
HOA
-
Days on market
-
Sold On
-
MLS number
PW25015176
Home ConditionFair
Features
Patio
View-

About this home

**** This home is the lowest price per sq foot in the zip code, has ADU potential and Qualifies for Special Financing, rates as low as 5.5%, 3% down payment, reduced or eliminated PMI and more **** This Spacious Property with Income Potential has an expansive 2,654 sq. ft. and offers incredible versatility and opportunity. Listed as a 4-bedroom, 1-bathroom home on title, it currently functions as two separate units (7 bedrooms and 3 bathrooms total), making it perfect for multi-generational living or generating rental income. The first-floor unit features four bedrooms and two bathrooms with soaring 10-foot ceilings that create a bright and open atmosphere. Tile flooring throughout ensures durability and easy maintenance, while the roomy kitchen provides plenty of space for cooking and gathering. Modern recessed lighting and spacious bedrooms add to its charm. The second-floor unit, accessible through a private entrance, includes three bedrooms and one bathroom. This unit also offers parking for up to four vehicles, generous bedrooms (the largest measuring 13' x 16'), and recessed lighting for a welcoming feel. Additional features include leased solar panels, helping to reduce energy costs while contributing to sustainability. While some TLC is needed, this property is brimming with potential for customization. Whether you’re looking to live in one unit and rent the other or maximize the investment potential of this spacious lot with the addition of an ADU, the possibilities are endless. Conveniently located less than two miles from Exposition Park, the LA Coliseum, BMO Stadium, museums, and USC, this home places you in the heart of vibrant Los Angeles. With easy access to the 110 and 10 freeways, you'll enjoy seamless connectivity to everything the city has to offer. Don’t miss this rare opportunity to own a property with so much to offer. Call today for more information!

M
Marvin Phillip
Listing Agent

Nearby schools

2/10
Harmony Elementary School
Public,•K-5•0.2mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.4mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.4mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.5mi
3/10
Trinity Street Elementary School
Public,•K-5•0.5mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.5mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.6mi
/10
Maple Primary Center
Public,•K-1•0.7mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.9mi
5/10
Dolores Huerta Elementary School
Public,•K-5•1.0mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.0mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.1mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.4mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.5mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.5mi
5/10
San Pedro Street Elementary School
Public,•K-5•1.6mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.7mi
4/10
Norwood Street Elementary School
Public,•K-5•2.2mi
2/10
John W. Mack Elementary School
Public,•K-5•2.2mi
3/10
George Washington Carver Middle School
Public,•6-8•0.3mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.1mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.1mi
4/10
John Adams Middle School
Public,•6-8•1.2mi
2/10
John Muir Middle School
Public,•6-8•2.1mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.7mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.7mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.7mi
5/10
Santee Education Complex
Public,•9-12•1.5mi
3/10
Manual Arts Senior High School
Public,•9-12•1.6mi
4/10
West Adams Preparatory High School
Public,•9-12•2.8mi

Price History

Date
Event
Price
06/27/00
Sold
$199,000
12/08/98
Sold
$60,000
09/22/04
Sold
$334,500
Condition Rating
Fair
Built in 1912, this property is over a century old. While it features some updates like recessed lighting and tile flooring throughout, the kitchens and bathrooms are significantly dated. The kitchens display older style cabinets, laminate countertops, and basic white appliances, lacking modern aesthetics and features. Bathrooms also show older vanities, basic fixtures, and simple tile surrounds. The listing itself states 'some TLC is needed,' indicating that while functional, the property requires substantial cosmetic updates and renovations to meet current quality and style standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Income & ADU Potential: The property functions as two separate units (7 beds, 3 baths total) ideal for multi-generational living or rental income, with additional ADU development potential.
Competitive Price per Sq Ft: Advertised as the lowest price per square foot in the zip code, offering a strong value proposition.
Favorable Financing Options: Qualifies for special financing programs including rates as low as 5.5%, 3% down payment, and reduced or eliminated PMI.
Strategic Urban Location: Conveniently located less than two miles from Exposition Park, USC, stadiums, museums, and offers easy access to major freeways (110 & 10).
Energy Efficiency & Ample Parking: Includes leased solar panels for reduced energy costs and provides parking space for up to four vehicles.

Cons

Condition Requiring TLC: The property explicitly states 'some TLC is needed,' indicating potential for necessary repairs, updates, or customization costs for the buyer.
Advanced Age of Property: Built in 1912, the home may have older systems, require significant maintenance, or lack modern amenities and infrastructure.
Discrepancy with Market Valuation: The listing price of $770,000 is significantly higher than the estimated property value of $568,296.63, suggesting it may be overpriced relative to current market data.
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