233 W 42nd Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$839,000
233 W 42nd Street, Los Angeles, California 90037
0Bed
0Bath
2,044Sqft
4,842Lot
Year Built
1906
Close
-
List price
$839K
Original List price
$875K
Price/Sqft
$410
HOA
-
Days on market
-
Sold On
-
MLS number
MB25000918
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $839.0K(43th), sqft - 2044(43th), beds - undefined(50th), baths - undefined(50th).
DON'T MISSED THIS GREAT OPPORTUNITY TO OWN THIS GREAT TWO UNITS! LOCATED IN THE HEART OF LOS ANGELES. FRONT UNIT HAS 4 BEDROOMS WITH 2 BATHROOMS, LAUNDRY HOOK-UPS. BACK UNIT 3 BEDROOMS, 2 BATHROOMS WITH LAUNDRY HOOK-UPS. EACH UNIT HAS SEPARATE GAS AND ELECTRIC METERS. CLOSE TO MEMORIAL COLISEUM, EXPOSITION PARK, 110 FWAY, & 20 MINUTES FROM DOWNTOWN LA.
Price History
Date
Event
Price
10/05/17
Sold
$499,000
04/08/02
Sold
$95,000
Condition Rating
Poor
Built in 1906, this property shows significant signs of age and a lack of substantial modernization. The kitchens feature very dated white appliances, old cabinets, worn laminate/vinyl countertops, and basic lighting. Bathrooms are similarly outdated with old vanities, basic fixtures, and older tile. While the hardwood floors in some living areas appear functional, the overall condition of critical areas like kitchens and bathrooms indicates a need for complete renovation. Major systems (plumbing, electrical, HVAC) are likely original or very old, requiring substantial repairs and rehabilitation to meet current standards and comfort levels. The property is livable but would be very uncomfortable without significant investment.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex with two separate units (4BD/2BA and 3BD/2BA), offering significant potential for rental income or owner-occupancy with supplemental income.
Separate Utilities: Each unit features separate gas and electric meters, simplifying tenant billing and management for investors.
Prime Los Angeles Location: Strategically located in the heart of Los Angeles, close to Memorial Coliseum, Exposition Park, 110 FWY, and 20 minutes from Downtown LA, ensuring strong rental demand and potential for appreciation.
Unit Amenities: Both units are equipped with laundry hook-ups, adding convenience and value for tenants, making the property more attractive in the rental market.
Recent Price Adjustment: The list price has been reduced from $875,000 to $839,000, potentially offering a more attractive entry point for buyers.
Cons
Historic Property Age: Built in 1906, the property's age suggests potential for outdated infrastructure, systems (plumbing, electrical), and deferred maintenance.
Likely Need for Renovation: Without explicit mention of recent upgrades, the property likely requires substantial renovation and modernization to meet current market expectations and maximize rental value.
Potential for High Maintenance Costs: Older properties typically incur higher ongoing maintenance and repair expenses compared to newer constructions, which should be factored into investment calculations.