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

home-pic
ACTIVE$999,999
795 E 42nd Place, Los Angeles, California 90011
0Bed
0Bath
3,027Sqft
5,192Lot
Year Built
2007
Close
-
List price
$1,000K
Original List price
$1,000K
Price/Sqft
-
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.

Price History

Date
Event
Price
10/21/25
Listing
$995,000
05/30/06
Sold
$390,000
04/03/96
Sold
$117,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (31 Listings)
Beds03
Baths02
Square foot3,0271,219
94%
Lot Size5,1925,174
50%
Price$1,000K$550K
94%
Price per square foot$330$498
9%
Built year20079555956
97%
HOA
Days on market61193
3%
Condition Rating
Fair

Built in 2007, this property is functional and appears well-maintained. However, the kitchen features dated honey oak cabinets and countertops, and the bathrooms exhibit older tile work and basic fixtures. While some appliances are stainless steel, the overall aesthetic in these key areas is outdated. The presence of a wall-mounted AC unit rather than central air conditioning also suggests a need for system updates. The property is move-in ready but would benefit from minor cosmetic renovations to meet current market expectations and styles.
Pros & Cons

Pros

Strong Income Generation: The property is explicitly marketed as an 'Incredible Income Opportunity' with 'multi-unit-style living' and '2 reliable income streams already in place,' making it highly attractive to investors.
Flexible Living Arrangements: Features separate entrances and converted units (a studio apartment and a 2-bedroom, 1-bath unit), providing versatile options for extended families or maximizing rental income.
Abundant Parking: Offers significant parking with 6 gated spaces, a carport for two, and additional driveway parking, which is a rare and valuable asset in Los Angeles.
Development & Expansion Potential: The LAR2 zoning provides opportunities for future ADU additions or property expansion, enhancing long-term value and investment potential.
Strategic Location & City Views: Conveniently located just minutes from Downtown LA with easy access to major freeways, public transportation, and local amenities, complemented by an elevated cityscape view.

Cons

Potential Permitting/Legal Issues with Conversions: The description highlights 'converted' master bedrooms into separate units. If these conversions were not properly permitted as legal dwelling units, it could lead to compliance issues, financing challenges, or require costly remediation for a buyer.
Neighborhood Perception: Located in South LA, which, despite its proximity to Downtown, may carry a perception of higher crime rates or lower property values for some buyers, potentially affecting resale value or buyer interest.
Inconsistent School Performance: The presence of several nearby schools with lower ratings (2-3 out of 5) could be a deterrent for families prioritizing access to highly-rated public education.

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