706 W 42nd Place, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$675,000
706 W 42nd Place, Los Angeles, California 90037
0Bed
0Bath
1,324Sqft
4,805Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property is an attached two-unit duplex (2 Beds/1 Bath and 1 Bed/1 Bath), offering immediate rental income potential from multiple tenants.
Top Cons:
Historic Property Age: Built in 1907, the property is over a century old, which likely means outdated systems (plumbing, electrical) and potential for significant maintenance and repair costs.
Compared to the nearby listings
Price:$675.0K vs avg $925.0K ($-250,000)17%
Size:1,324 sqft vs avg 2,484 sqft13%
Price/sqft:$510 vs avg $35983%
More Insights
Built in 1907 (118 years old).
Condition: Built in 1907, this property is over a century old and shows significant signs of age and deferred maintenance. The kitchen is severely outdated with old cabinets, worn laminate countertops, basic white appliances, and dated tile flooring, requiring a full renovation. While some laminate flooring appears newer, other areas and the exterior show considerable wear. The garage is unfinished for ADU conversion, indicating a substantial project for the new buyer. The overall condition suggests the property requires substantial repairs and rehabilitation beyond minor updates to meet modern living standards.
Year Built
1907
Close
-
List price
$675K
Original List price
$675K
Price/Sqft
$510
HOA
-
Days on market
-
Sold On
-
MLS number
SB24217729
Home ConditionPoor
Features
Patio
View-
About this home
Great Attached Two Unit (Duplex) Property Opportunity. 1st Unit is 2 Beds 1 Bath, side rear attached 2nd Unit is 1 Bed 1 Bath. Huge 2 Car Garage, as per Owner authorized to be Converted into an ADU, HUGE BENEFIT TO NEW BUYER to do and complete to get that Extra Income and Extra Living Space!!! Plenty of Driveway access for multiple cars to park, a Great Front Yard and a Spacious Back Yard. Property Listed Right, just needs that New Buyers touch, it Won’t Last! A Must See!
Nearby schools
5/10
Menlo Avenue Elementary School
Public,•K-5•0.3mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.3mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.3mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.5mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.7mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.7mi
3/10
Trinity Street Elementary School
Public,•K-5•1.0mi
2/10
Main Street Elementary School
Public,•K-5•1.1mi
/10
Maple Primary Center
Public,•K-1•1.1mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.3mi
2/10
Western Avenue Elementary School
Public,•K-5•1.5mi
2/10
Forty-Second Street Elementary School
Public,•K-5•2.0mi
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
2/10
Audubon Middle School
Public,•6-8•2.5mi
1/10
Horace Mann Junior High School
Public,•6-8•2.5mi
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•2.0mi
5/10
Santee Education Complex
Public,•9-12•2.1mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.5mi
Price History
Date
Event
Price
06/28/21
Sold
$575,000
Condition Rating
Poor
Built in 1907, this property is over a century old and shows significant signs of age and deferred maintenance. The kitchen is severely outdated with old cabinets, worn laminate countertops, basic white appliances, and dated tile flooring, requiring a full renovation. While some laminate flooring appears newer, other areas and the exterior show considerable wear. The garage is unfinished for ADU conversion, indicating a substantial project for the new buyer. The overall condition suggests the property requires substantial repairs and rehabilitation beyond minor updates to meet modern living standards.
Pros & Cons
Pros
Income-Generating Duplex: The property is an attached two-unit duplex (2 Beds/1 Bath and 1 Bed/1 Bath), offering immediate rental income potential from multiple tenants.
ADU Conversion Potential: A huge 2-car garage is authorized for conversion into an Accessory Dwelling Unit (ADU), presenting a significant opportunity for increased income or additional living space.
Ample Parking: The property boasts plenty of driveway access for multiple cars, a valuable amenity in a dense urban environment like Los Angeles.
Generous Outdoor Space: It features a great front yard and a spacious backyard, providing desirable outdoor living and recreational areas.
Los Angeles Market Location: Situated in Los Angeles, the property benefits from a strong real estate market with consistent demand for rental properties and potential for appreciation.
Cons
Historic Property Age: Built in 1907, the property is over a century old, which likely means outdated systems (plumbing, electrical) and potential for significant maintenance and repair costs.
Renovation Required: The description states it 'just needs that New Buyers touch,' indicating that the property requires cosmetic updates and/or more substantial renovations, adding to the initial investment.
Compact Unit Sizes: With a total of 1324 sqft for two units (2B/1B and 1B/1B), the individual living spaces are likely compact, which could limit tenant appeal or rental income potential compared to larger units.