795 E 42nd Place, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$999,999
795 E 42nd Place, Los Angeles, California 90011
0Bed
0Bath
3,027Sqft
5,192Lot
Price Vs. Estimate
The estimated value ($999,999) is $0 (0%) lower than the list price ($999,999). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Income Potential & Versatility: The property is explicitly designed for multi-unit-style living with two existing income streams (studio apartment, 2-bed/1-bath unit), each with separate entrances, making it ideal for investors or extended families.
Top Cons:
Potential for Non-Permitted Conversions / Verification Required: The description mentions 'converted' units and explicitly states 'buyer to verify with city' regarding ADU/expansion, which could imply that the existing conversions might need to be verified for permits or compliance, potentially leading to unforeseen costs or complications.
Compared to the nearby listings
Price:$1000.0K vs avg $560.0K (+$439,999)94%
Size:3,027 sqft vs avg 1,216 sqft94%
Price/sqft:$330 vs avg $50913%
More Insights
Built in 2007 (18 years old).
Condition: Built in 2007, this property is 17 years old, which typically falls into the 'Good' category. However, the interior images, particularly of the kitchens and bathrooms, indicate a 'Fair' condition. The main kitchen features dated wood cabinetry and basic appliances. The converted kitchenettes are very rudimentary with older-looking floor tiles and basic fixtures, suggesting budget-oriented additions rather than modern updates. Bathrooms also show dated tile work and standard vanities. While the property appears functional and move-in ready, the aesthetic quality and outdated styles in key areas would benefit from minor updates to enhance overall appeal and meet current standards.
Year Built
2007
Close
-
List price
$1,000K
Original List price
$1,000K
Price/Sqft
$330
HOA
-
Days on market
-
Sold On
-
MLS number
HD25197358
Home ConditionFair
Features
Good View: City Lights, Neighborhood, Panoramic
Patio
ViewCity Lights,Neighborhood,Panoramic
About this home
Incredible Income Opportunity in South LA that MUST BE SEEN! Welcome to the seller's 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 Residence features 3 Master Bedrooms and multiple living spaces including ( 4-Great BEDROOMS and 3-BATH )1-Bed, 1-bath is on the Main Floor. RARE INVESTMENT opportunity! that on the First Floor one master bedroom has been converted into a Studio Apartment with its own kitchenette, on the Second Floor Conversion, one master bedroom has been converted into a 2-Bedroom, 1-Bath UNIT with kitchenette and combined living-dining area. Each Living Space Features its OWN SEPARATE ENTRANCE, providing FLEXIBLE USE options: Such as Multi-Family Living with 3,027 Sqft, 2 reliable income streams already in place or a better future just generating INCOME. PLUS a beautiful elevated cityscape VIEW of Los Angeles Skyline. PARKING!! 4 GATED PARKING SPACES in the back and carport for two, an ample front yard, with driveway for EXTRA parking in the front. A (LAR2 zoned) Lot offers 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.
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 17 years old, which typically falls into the 'Good' category. However, the interior images, particularly of the kitchens and bathrooms, indicate a 'Fair' condition. The main kitchen features dated wood cabinetry and basic appliances. The converted kitchenettes are very rudimentary with older-looking floor tiles and basic fixtures, suggesting budget-oriented additions rather than modern updates. Bathrooms also show dated tile work and standard vanities. While the property appears functional and move-in ready, the aesthetic quality and outdated styles in key areas would benefit from minor updates to enhance overall appeal and meet current standards.
Pros & Cons
Pros
Exceptional Income Potential & Versatility: The property is explicitly designed for multi-unit-style living with two existing income streams (studio apartment, 2-bed/1-bath unit), each with separate entrances, making it ideal for investors or extended families.
Prime Location: Situated just minutes from Downtown LA, major freeways, schools, public transportation, and local amenities, offering convenience and strong rental demand.
Ample Parking: Features 4 gated parking spaces in the back, a carport for two, and an ample front yard with a driveway for extra parking, a significant advantage in Los Angeles.
Development Potential (LAR2 Zoning): The LAR2 zoned lot offers further potential for ADU (Accessory Dwelling Unit) or expansion, subject to city verification, adding future value.
Cityscape Views: Boasts a beautiful elevated cityscape view of the Los Angeles Skyline, enhancing its appeal and potential rental value.
Cons
Potential for Non-Permitted Conversions / Verification Required: The description mentions 'converted' units and explicitly states 'buyer to verify with city' regarding ADU/expansion, which could imply that the existing conversions might need to be verified for permits or compliance, potentially leading to unforeseen costs or complications.
Non-Traditional Layout for Single-Family Use: While versatile for multi-unit living, the current configuration with multiple separate units and kitchenettes might not be ideal or easily revertible for a traditional single-family homeowner seeking a cohesive living space.
South LA Location Perception: Despite its proximity to Downtown LA and amenities, the 'South LA' designation might carry a perception of certain neighborhood challenges or lower desirability for some buyers, potentially affecting resale value or tenant pool.