242 E 116th Street, Los Angeles, California 90061, Los Angeles, 90061 - bed, bath
ACTIVE$850,000
242 E 116th Street, Los Angeles, California 90061
0Bed
0Bath
1,858Sqft
5,882Lot
Year Built
1949
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$457
HOA
-
Days on market
-
Sold On
-
MLS number
SR25061561
Home ConditionFair
Features
Patio
View-
About this home
We found 2 Cons,3 Pros. Rank: price - $850.0K(67th), sqft - 1858(33th), beds - undefined(50th), baths - undefined(50th).
Beautiful well kept duplex in a great rental area. Live in one and rent the other or investment opportunity. Front unit is a two bedroom, and a bonus room, 2 bath. Large living room with a fireplace. Nice kitchen with adjoining laundry area. Rear unit is 2 bedroom, 1 bath with tenants. Very nice large lot with plenty of parking and covered back area for entertaining. This is a great property with many upgrades and new carpet throughout. Buyer to complete due diligence and verify all permits. Make offers subject to interior inspection.
Price History
Date
Event
Price
06/30/25
Sold
$800,000
07/12/17
Sold
$450,000
Condition Rating
Fair
The property was built in 1949. While the listing mentions upgrades and new carpet, the images show a kitchen and bathrooms that are dated but functional. The kitchen appliances appear older, and the overall style is not modern. The property seems maintained but requires updates to meet current standards. The description indicates it's a duplex, and the condition may vary between the units.
Pros & Cons
Pros
Income Potential: Duplex property offers immediate income potential through renting out one or both units.
Large Lot: The property features a large lot with ample parking and a covered back area, enhancing its appeal for tenants or owner-occupants.
Upgrades and New Carpet: The property has undergone upgrades and features new carpet, suggesting recent improvements and reduced immediate maintenance needs.
Cons
Age of Property: Built in 1949, the property may require ongoing maintenance and potential upgrades due to its age.
Buyer Due Diligence Required: The listing emphasizes the buyer's responsibility to verify permits and complete due diligence, potentially adding complexity to the transaction.