706 W 42nd, Los Angeles, California 90037, Los Angeles, 90037 - 4 bed, 3 bath
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706 W 42nd
Los Angeles, California 90037
ACTIVE
CONDITION: FAIR
4Beds
3Baths
1,324Sq Ft
4,805Lot Size
Property Price
LIST PRICE$675,000
EST. MARKET VALUE
$645,810
4% AboveMARKET VALUE
SUMMARY
This Residential Income Duplex represents a High-Potential Investment Opportunity, listed at $675,000—positioned well above the $645,810 Fair Market Value. While the property carries a Condition Rating of 4, its strategic location near USC and the LA Memorial Coliseum provides significant rental demand. The inclusion of a garage-to-ADU conversion offers a clear path to increasing revenue streams. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants looking to leverage the 2028 Olympic Games for long-term equity growth.
Estimated Market Value
$645,810
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 706 W 42nd Subject | $675,000* List Price | 4 | 3 | 1,324 | $488 | - |
A 4215 S Budlong Active | $699,000 List Price | 0 | 0 | 1,602 | $436 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1907 and features a kitchen and bathroom that appear to have been renovated approximately 15-25 years ago, evidenced by the oak cabinetry and older tile work. While functional and currently occupied, the interior finishes are dated, and the age of the structure suggests that systems may require updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Rental Demand
Situated within walking distance to USC, BMO Stadium, and the LA Memorial Coliseum, the property is perfectly positioned to capture high rental demand from students and event-goers, especially with the 2028 Olympics approaching.
- Value-Add Income Potential
The property features a duplex configuration plus a garage-to-ADU conversion in progress, offering three potential revenue streams and significant equity growth for an investor or owner-user.
- Ample Parking & Outdoor Space
An extra-long driveway and a spacious backyard provide rare utility and lifestyle benefits for a multi-unit property in a dense urban Los Angeles setting.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Historic Age & Maintenance
Built in 1907, the property may require substantial ongoing maintenance or costly upgrades to aging structural and mechanical systems compared to newer builds.
- Low School Ratings
The majority of assigned public schools in the immediate area have low performance ratings, which may limit the appeal for long-term family tenants.
About 706 W 42nd
Amazing opportunity to own a duplex in the heart of Los Angeles! Ideally located within walking distance to the Los Angeles Memorial Coliseum, USC, and BMO Stadium, with convenient freeway access. The front unit features 3 bedrooms and 1.5 bathrooms, a spacious living and dining area, and a generous kitchen with plenty of cabinet space. The second unit offers 1 bedroom, 1 bathroom, a living area, and ample closet space. BONUS OPPORTUNITY! The 2-car garage is currently being converted into an ADU, offering additional living space and potential rental income. With the 2028 Olympic Games coming to Los Angeles and the LA Memorial Coliseum serving as a major Olympic venue just minutes away, the ADU could offer exciting future rental-income potential during one of the biggest international events coming to the city. An extra-long driveway provides plenty of parking, plus a spacious backyard perfect for entertaining and family gatherings. Live in one and rent the others! A fantastic opportunity for an owner-user or investor to generate income and build equity in a prime Los Angeles location. Don’t miss it!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1907
- Lot Size
- 4,805 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Menlo Avenue Elementary School
Grades K-5 • 0.3 mi
5/10
Marguerite Poindexter Lamotte Elementary
Grades K-5 • 0.3 mi
2/10
West Vernon Avenue Elementary School
Grades K-5 • 0.3 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.6 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,324 | 2,187.451 |
| Lot Size | 4,805 | 5,841.385 |
| Price | $675.0K | $841.5K |
| Price per sq ft | $510 | $385 |
| Built year | 1907 | 1928 |
| HOA | $0 | $0 |
| Days on market | 13 | 85 |
Pricing History
Listed for Sale
Aug 27, 2026
$675,000
Initial Listing
Sold
Jun 28, 2021
$575,000
Public Record