795 E 42nd Place, Los Angeles, California 90011, Los Angeles, 90011 - 5 bed, 5 bath
ACTIVE$1,199,000$3,027/sqft
Est. Value: $1,199,000
%
FairlyEstimate
795 E 42nd Place, Los Angeles, California 90011
5Beds
5Baths
3,027Sqft
5,192Lot
Price Vs. Estimate
The estimated value ($1,199,000) is $0 (0%) lower than the list price ($1,199,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Income Potential: The property is explicitly marketed as an 'Incredible Income Opportunity' with 'reliable income streams already in place' from a separate studio and a 2-bed/1-bath unit, making it highly attractive for investors.
Top Cons:
"As Is" Condition: The property is being sold in its 'Present "As Is" condition,' indicating that the seller will not make repairs, which may require the buyer to invest in immediate or future maintenance and upgrades.
Compared to the nearby listings
Price:$1.20M vs avg $572.5K (+$626,500)97%
Size:3,027 sqft vs avg 1,162.5 sqft97%
Price/sqft:$396 vs avg $51819%
More Insights
Built in 2007 (19 years old).
Condition: Built in 2007, this property is functional and move-in ready, but the kitchen features dated wooden cabinets and standard appliances, and some bathrooms show older styles. The presence of portable AC units suggests a lack of central cooling, which is a significant drawback for a home of this size and age in Los Angeles. While the laminate flooring is in good condition, the overall aesthetic and key functional components like the kitchen and cooling system show signs of being outdated and would require minor updates to meet modern standards, aligning with a 'Fair' condition.
Year Built
2007
Close
-
List price
$1.2M
Original List price
$1.25M
Price/Sqft
$396
HOA
-
Days on market
-
Sold On
-
MLS number
HD25156563
Home ConditionFair
Features
ViewCity Lights,Neighborhood,Panoramic
About this home
Incredible Income Opportunity in South LA that MUST be seen! Welcome to the seller's pride SPACIOUS HOME offering MULTI-UNIT-STYLE living with excellent rental income potential. Perfect for investors or extended FAMILIES, this versatile property is located just minutes from Downtown LA. The Main residence features multiple living spaces including 4 great Bedrooms and 2 Baths, additionally a separate STUDIO on the main floor with its own private entrance and a current rental income. Upstairs, a 2 Bed 1 Bath UNIT also has a private entrance and currently tenant occupied generating INCOME. This Property is being sold in Its Present "As Is" condition. 4 GATED PARKING SPACES in the back with carport for two, an ample front yard, with driveway for extra parking in the front. An (LAR2 zoned) Lot offer further potential for ADU or expansion(buyer to verify with city). This is a RARE find with FLEXIBLE use options and reliable income streams already in place. Conveniently located near major freeways, schools, public transportation and local amenities.
K
Karen Fuentes
Listing Agent
Nearby schools
2/10
Harmony Elementary School
Public,•K-5•0.1mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.2mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.4mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.4mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.5mi
3/10
Trinity Street Elementary School
Public,•K-5•0.6mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.6mi
/10
Maple Primary Center
Public,•K-1•0.8mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.8mi
5/10
Dolores Huerta Elementary School
Public,•K-5•1.0mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.0mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.1mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.3mi
5/10
San Pedro Street Elementary School
Public,•K-5•1.6mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.6mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.6mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.8mi
4/10
Norwood Street Elementary School
Public,•K-5•2.2mi
2/10
John W. Mack Elementary School
Public,•K-5•2.3mi
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•1.0mi
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•2.2mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.8mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.6mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.6mi
5/10
Santee Education Complex
Public,•9-12•1.5mi
3/10
Manual Arts Senior High School
Public,•9-12•1.7mi
4/10
West Adams Preparatory High School
Public,•9-12•2.8mi
Price History
Date
Event
Price
04/03/96
Sold
$117,000
05/30/06
Sold
$390,000
Condition Rating
Fair
Built in 2007, this property is functional and move-in ready, but the kitchen features dated wooden cabinets and standard appliances, and some bathrooms show older styles. The presence of portable AC units suggests a lack of central cooling, which is a significant drawback for a home of this size and age in Los Angeles. While the laminate flooring is in good condition, the overall aesthetic and key functional components like the kitchen and cooling system show signs of being outdated and would require minor updates to meet modern standards, aligning with a 'Fair' condition.
Pros & Cons
Pros
Exceptional Income Potential: The property is explicitly marketed as an 'Incredible Income Opportunity' with 'reliable income streams already in place' from a separate studio and a 2-bed/1-bath unit, making it highly attractive for investors.
Flexible Multi-Unit Living: Designed for 'MULTI-UNIT-STYLE living,' this property is versatile, accommodating both investors seeking rental income and extended families needing separate living spaces.
Strategic Urban Location: Its location 'just minutes from Downtown LA' and convenience to 'major freeways, schools, public transportation and local amenities' offers excellent accessibility and urban convenience.
Ample & Secure Parking: The provision of '4 GATED PARKING SPACES' with a carport and additional driveway parking is a significant advantage in a dense urban area like Los Angeles.
Future Development Potential: The LAR2 zoning offers 'further potential for ADU or expansion,' providing a clear path for future value appreciation and increased income generation.
Cons
"As Is" Condition: The property is being sold in its 'Present "As Is" condition,' indicating that the seller will not make repairs, which may require the buyer to invest in immediate or future maintenance and upgrades.
Buyer Due Diligence Required: While ADU/expansion potential is a strength, the caveat 'buyer to verify with city' places the burden of due diligence on the buyer to confirm feasibility and costs.
Existing Tenant Management: With units 'currently tenant occupied,' a new owner will need to navigate existing lease agreements and tenant relations, which could present complexities for immediate occupancy or changes.