317 E 42nd Place, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$529,000
317 E 42nd Place, Los Angeles, California 90011
3Beds
1Bath
1,242Sqft
3,599Lot
Year Built
1911
Close
-
List price
$529K
Original List price
$650K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IN25118023
Home ConditionPoor
Features
View-
About this home
Lovely home close to downtown Charming nice bungalow in need of tender loving care. Classic design 3 bedrooms 1 bath with lots of potential for the savvy investor or first time buyer. Don miss out on this one. is going to be shown by appointment only. Text Listing agent to make appointment No other time showing. No open House. No sign on property
Nearby schools
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.3mi
3/10
Trinity Street Elementary School
Public,•K-5•0.4mi
2/10
Harmony Elementary School
Public,•K-5•0.6mi
/10
Maple Primary Center
Public,•K-1•0.6mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.6mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.7mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.7mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.8mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.8mi
5/10
Dolores Huerta Elementary School
Public,•K-5•0.9mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•1.0mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.1mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.1mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.3mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.4mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.6mi
5/10
San Pedro Street Elementary School
Public,•K-5•1.7mi
2/10
John W. Mack Elementary School
Public,•K-5•1.9mi
4/10
Norwood Street Elementary School
Public,•K-5•2.0mi
3/10
George Washington Carver Middle School
Public,•6-8•0.6mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•0.9mi
4/10
John Adams Middle School
Public,•6-8•1.1mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.4mi
2/10
John Muir Middle School
Public,•6-8•1.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.3mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.1mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.1mi
3/10
Manual Arts Senior High School
Public,•9-12•1.2mi
5/10
Santee Education Complex
Public,•9-12•1.6mi
4/10
West Adams Preparatory High School
Public,•9-12•2.6mi
Price History
Date
Event
Price
08/28/25
Price Change
$529,000
05/27/25
Listing
$649,900
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (31 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 1 | 2 | 47% |
| Square foot | 1,242 | 1,219 | 59% |
| Lot Size | 3,599 | 5,148 | 22% |
| Price | $529K | $535K | 50% |
| Price per square foot | $426 | $498 | 38% |
| Built year | 1911 | 9555956 | 53% |
| HOA | |||
| Days on market | 162 | 194 | 34% |
Condition Rating
Poor
Built in 1911, this property is over a century old. The listing explicitly states it is 'in need of tender loving care,' which indicates substantial repairs and rehabilitation are required. The absence of interior photos, particularly of the kitchen and bathroom, strongly suggests these areas are severely outdated and likely require full renovation. The exterior image shows an aged property with no visible signs of recent significant updates, reinforcing the need for extensive modernization and potential system replacements (electrical, plumbing, HVAC).
Pros & Cons
Pros
Location Advantage: Situated close to Downtown Los Angeles, offering convenient access to urban amenities and potential for strong appreciation.
Significant Price Adjustment: The property has seen a substantial price drop from its original listing ($649,900 to $529,000), indicating a motivated seller and potential for a favorable purchase.
High Investment Potential: Explicitly described as having 'lots of potential for the savvy investor or first time buyer,' suggesting opportunities for value addition through renovation.
Classic Architectural Charm: Features a 'Charming nice bungalow' with a 'Classic design,' appealing to buyers seeking character and timeless aesthetics.
Proximity to Quality Schools: Located near well-rated schools, including Ricardo Lizarraga Elementary (rating 4, 0.25 miles) and Santee Education Complex (rating 5, 1.58 miles), enhancing family appeal.
Cons
Extensive Renovation Required: The property is explicitly stated to be 'in need of tender loving care,' indicating a significant investment in repairs and upgrades will be necessary.
Limited Bathroom Count: With only one bathroom for three bedrooms, the property may not meet the functional needs of many modern families or potential tenants.
Above Estimated Market Value: Despite a price reduction, the current listing price ($529,000) remains 8% higher than the property's estimated market value ($484,311.885), potentially limiting immediate equity.