850 W 42nd Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$1,050,000
850 W 42nd Street, Los Angeles, California 90037
0Bed
0Bath
1,836Sqft
7,258Lot
Year Built
1941
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
$572
HOA
-
Days on market
-
Sold On
-
MLS number
DW25042107
Home ConditionTear down
Features
Patio
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $1.05M(61th), sqft - 1836(30th), beds - undefined(50th), baths - undefined(50th).
DEVELOPMENT OPPORTUNITY NEAR TO USC, 1/4 MILE AWAY TO LOS ANGELES CLOLISEUM AND LAFC STADIUM, OPPORTUNITY TO BUILD 17 UNITS OR MORE R3 ZONE, THERE IS 3 EXISTING STRUCTURES ALL VACANT WITH ROOM FOR ADDITIONS AND OR TO BUILD ADU THERE IS 2 CAR GARAGE DETTACHED, THIS OPPORTUNITY COULD BE FOR FIRST TIME BUYERS OWNER OCCUPIED AND OR FOR DEVELOPER TO BUILD, GREAT LOCATION.
Nearby schools
5/10
Menlo Avenue Elementary School
Public,•K-5•0.1mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.3mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.5mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.5mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.6mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.7mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.1mi
3/10
Trinity Street Elementary School
Public,•K-5•1.2mi
/10
Maple Primary Center
Public,•K-1•1.2mi
2/10
Main Street Elementary School
Public,•K-5•1.3mi
2/10
Western Avenue Elementary School
Public,•K-5•1.4mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.9mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.0mi
3/10
Angeles Mesa Elementary School
Public,•K-5•2.0mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.4mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.1mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.2mi
2/10
John Muir Middle School
Public,•6-8•1.4mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.8mi
2/10
Audubon Middle School
Public,•6-8•2.3mi
1/10
Horace Mann Junior High School
Public,•6-8•2.5mi
3/10
Manual Arts Senior High School
Public,•9-12•0.2mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.5mi
5/10
Santee Education Complex
Public,•9-12•2.2mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.2mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.4mi
Price History
Date
Event
Price
05/08/25
Sold
$995,000
01/04/19
Sold
$649,000
08/06/08
Sold
$500,000
12/18/01
Sold
$1,000
Condition Rating
Tear down
Built in 1941, the property's existing structures are in extremely poor condition, with kitchens and bathrooms featuring original or very old, worn fixtures, cabinets, and flooring that require complete replacement. The overall interior shows significant deferred maintenance and outdated styles. The listing itself markets the property as a 'DEVELOPMENT OPPORTUNITY' with R3 zoning for 17+ units, explicitly mentioning that the existing structures 'may require extensive renovation or demolition,' indicating the value is primarily in the land for redevelopment.
Pros & Cons
Pros
Development Potential: The property is zoned R3, offering a significant opportunity to build 17 or more units, maximizing its value in a high-demand urban area.
Prime Location: Strategically located near USC, the Los Angeles Coliseum, and LAFC Stadium, ensuring high rental demand and potential for appreciation due to proximity to major institutions and entertainment venues.
Vacant Existing Structures: The presence of three vacant existing structures provides immediate flexibility for redevelopment or renovation without the complexities of tenant relocation.
ADU and Addition Potential: The property offers room for additions and/or the construction of Accessory Dwelling Units (ADUs), providing additional income-generating opportunities or increased living space.
Versatile Investment: Marketed as suitable for both first-time owner-occupiers (with potential for income from existing units) and developers, broadening its appeal to a diverse buyer pool.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-05-08. The sold price is $995,000.00.
Age and Condition of Existing Structures: Built in 1941, the three existing structures are likely dated and may require extensive renovation or demolition, adding to the overall project costs for a developer.
Significant Capital Investment Required: While offering substantial development potential, building 17+ units implies a considerable financial commitment beyond the purchase price for construction, permits, and associated development expenses.
Complexity of Large-Scale Development: Undertaking a 17+ unit project in Los Angeles involves navigating complex zoning regulations, extensive permitting processes, and potential construction delays, which can be time-consuming and costly.