686 E 42nd Place, Los Angeles, California 90011, Los Angeles, - bed, bath

home-pic
ACTIVE$770,000
686 E 42nd Place, Los Angeles, California 90011
7Beds
3Baths
2,654Sqft
5,112Lot
Year Built
1912
Close
-
List price
$770K
Original List price
$875K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25015176
Home ConditionPoor
Features
Patio
View-

About this home

**** This home is the lowest price per sq foot in the zip code, has ADU potential and Qualifies for Special Financing, rates as low as 5.5%, 3% down payment, reduced or eliminated PMI and more **** This Spacious Property with Income Potential has an expansive 2,654 sq. ft. and offers incredible versatility and opportunity. Listed as a 4-bedroom, 1-bathroom home on title, it currently functions as two separate units (7 bedrooms and 3 bathrooms total), making it perfect for multi-generational living or generating rental income. The first-floor unit features four bedrooms and two bathrooms with soaring 10-foot ceilings that create a bright and open atmosphere. Tile flooring throughout ensures durability and easy maintenance, while the roomy kitchen provides plenty of space for cooking and gathering. Modern recessed lighting and spacious bedrooms add to its charm. The second-floor unit, accessible through a private entrance, includes three bedrooms and one bathroom. This unit also offers parking for up to four vehicles, generous bedrooms (the largest measuring 13' x 16'), and recessed lighting for a welcoming feel. Additional features include leased solar panels, helping to reduce energy costs while contributing to sustainability. While some TLC is needed, this property is brimming with potential for customization. Whether you’re looking to live in one unit and rent the other or maximize the investment potential of this spacious lot with the addition of an ADU, the possibilities are endless. Conveniently located less than two miles from Exposition Park, the LA Coliseum, BMO Stadium, museums, and USC, this home places you in the heart of vibrant Los Angeles. With easy access to the 110 and 10 freeways, you'll enjoy seamless connectivity to everything the city has to offer. Don’t miss this rare opportunity to own a property with so much to offer. Call today for more information!

Nearby schools

2/10
Harmony Elementary School
Public,K-50.2mi
3/10
Wadsworth Avenue Elementary School
Public,K-50.4mi
4/10
Ricardo Lizarraga Elementary School
Public,K-50.4mi
3/10
Sally Ride Elementary: A Smart Academy
Public,K-50.5mi
3/10
Trinity Street Elementary School
Public,K-50.5mi
2/10
Forty-Ninth Street Elementary School
Public,K-50.5mi
4/10
Quincy Jones Elementary School
Public,K-50.6mi
/10
Maple Primary Center
Public,K-10.7mi
3/10
Twenty-Eighth Street Elementary School
Public,K-50.9mi
5/10
Dolores Huerta Elementary School
Public,K-51.0mi
5/10
West Vernon Avenue Elementary School
Public,K-51.0mi
4/10
Nevin Avenue Elementary School
Public,K-51.1mi
5/10
Twentieth Street Elementary School
Public,K-51.4mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,K-51.5mi
5/10
Menlo Avenue Elementary School
Public,K-51.5mi
5/10
San Pedro Street Elementary School
Public,K-51.6mi
/10
Dr. James Edward Jones Primary Center
Public,K-21.7mi
4/10
Norwood Street Elementary School
Public,K-52.2mi
2/10
John W. Mack Elementary School
Public,K-52.2mi
3/10
George Washington Carver Middle School
Public,6-80.3mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,6-81.1mi
3/10
William Jefferson Clinton Middle School
Public,6-81.1mi
4/10
John Adams Middle School
Public,6-81.2mi
2/10
John Muir Middle School
Public,6-82.1mi
2/10
Barack Obama Global Preparation Academy
Public,6-82.7mi
2/10
Thomas Jefferson Senior High School
Public,9-120.7mi
3/10
Nava College Preparatory Academy
Public,9-120.7mi
5/10
Santee Education Complex
Public,9-121.5mi
3/10
Manual Arts Senior High School
Public,9-121.6mi
4/10
West Adams Preparatory High School
Public,9-122.8mi

Price History

Date
Event
Price
09/22/04
Sold
$334,500
06/27/00
Sold
$199,000
12/08/98
Sold
$60,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (31 Listings)
Beds73
94%
Baths32
91%
Square foot2,6541,219
94%
Lot Size5,1125,148
47%
Price$770K$550K
88%
Price per square foot$290$498
6%
Built year19129555956
66%
HOA
Days on market287196
81%
Condition Rating
Poor

Built in 1912, this property requires substantial repairs and rehabilitation. The kitchens and bathrooms appear outdated and in need of significant updates. While the description mentions 'some TLC is needed,' the images reveal more extensive work is necessary. The property is functional but shows significant signs of age and deferred maintenance.
Pros & Cons

Pros

Income Potential: The property is currently configured as two separate units, offering immediate rental income opportunities.
ADU Potential: The spacious lot provides significant potential for adding an Accessory Dwelling Unit (ADU), further increasing income or living space.
Favorable Financing: The property qualifies for special financing options, including low rates and reduced down payment, making it more accessible to buyers.
Prime Location: Located near Exposition Park, the LA Coliseum, BMO Stadium, museums, and USC, offering convenient access to entertainment, education, and cultural attractions.
Transportation Access: Easy access to the 110 and 10 freeways ensures seamless connectivity to the greater Los Angeles area.

Cons

TLC Needed: The property requires some TLC, suggesting potential repair or renovation costs.
Limited Bathrooms on Title: The title lists only one bathroom despite the property functioning with three, which may raise concerns for some buyers.
Older Construction: Built in 1912, the property may have outdated systems or require upgrades to meet modern standards.

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