948 E 42nd Place, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$1,098,000
948 E 42nd Place, Los Angeles, California 90011
0Bed
0Bath
3,676Sqft
5,483Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
New Construction: Built from the ground up in 2020, this property offers modern construction standards, reducing immediate maintenance and repair concerns for investors.
Top Cons:
Sold As-Is with Existing Tenants: The property is sold in 'as-is' condition with tenants included, which may limit thorough buyer inspections and complicate tenant transition or potential owner-occupancy.
Compared to the nearby listings
Price:$1.10M vs avg $672.0K (+$426,000)88%
Size:3,676 sqft vs avg 2,042 sqft92%
Price/sqft:$299 vs avg $34127%
More Insights
Built in 2020 (5 years old).
Condition: This property was a new build from the ground up in 2020, making it virtually new. All components, including the kitchen with granite countertops and wood cabinets, and bathrooms with tile flooring, are new and meet current quality standards. There is no deferred maintenance or physical depreciation, aligning perfectly with the 'Excellent' criteria.
Year Built
2020
Close
-
List price
$1.1M
Original List price
$1.25M
Price/Sqft
$299
HOA
-
Days on market
-
Sold On
-
MLS number
PW25167983
Home ConditionExcellent
Features
ViewNeighborhood
About this home
** AMAZING INVESTMENT OPPORTUNITY ** New build from the ground up in 2020. Very sought after income producing DUPLEX. A MASSIVE 2-story building that boasts 3,676 sq/ft of living space on a 5,483 sq/ft lot. A CORNER LOT. Both units are 5 bedrooms and 3 bathrooms. The property has a single car garage in the front of the property and a double car garage in the rear of the property. Amenities include for both units: Dual pane vinyl windows, granite counter tops, wood cabinets, tile flooring in the kitchen and bathrooms, carpeted bedrooms and forced heat throughout. The property has artificial lawn for minimal maintenance and water usage. Property is being sold as-is with the Tenants included. Tenants pay all utilities. Please do not disturb occupants. Agents bring your investors. AMAZING OPPORTUNITY TO add to your portfolio or get started with a newer building.
Nearby schools
2/10
Harmony Elementary School
Public,•K-5•0.1mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.2mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.3mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.6mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.6mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.6mi
3/10
Trinity Street Elementary School
Public,•K-5•0.7mi
4/10
Nevin Avenue Elementary School
Public,•K-5•0.8mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.9mi
/10
Maple Primary Center
Public,•K-1•0.9mi
5/10
Dolores Huerta Elementary School
Public,•K-5•1.1mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.2mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.2mi
5/10
San Pedro Street Elementary School
Public,•K-5•1.6mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.7mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.8mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.9mi
4/10
Norwood Street Elementary School
Public,•K-5•2.3mi
2/10
John W. Mack Elementary School
Public,•K-5•2.4mi
3/10
George Washington Carver Middle School
Public,•6-8•0.3mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.9mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.3mi
4/10
John Adams Middle School
Public,•6-8•1.4mi
2/10
John Muir Middle School
Public,•6-8•2.3mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.9mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.5mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.5mi
5/10
Santee Education Complex
Public,•9-12•1.6mi
3/10
Manual Arts Senior High School
Public,•9-12•1.9mi
4/10
West Adams Preparatory High School
Public,•9-12•2.9mi
Price History
Date
Event
Price
12/30/94
Sold
$235,000
10/08/19
Sold
$440,000
Condition Rating
Excellent
This property was a new build from the ground up in 2020, making it virtually new. All components, including the kitchen with granite countertops and wood cabinets, and bathrooms with tile flooring, are new and meet current quality standards. There is no deferred maintenance or physical depreciation, aligning perfectly with the 'Excellent' criteria.
Pros & Cons
Pros
New Construction: Built from the ground up in 2020, this property offers modern construction standards, reducing immediate maintenance and repair concerns for investors.
Income-Generating Duplex: Designed as a residential income property, it features two separate units, providing a clear investment opportunity for rental income.
High Rental Capacity: Each unit boasts 5 bedrooms and 3 bathrooms, maximizing the potential for rental income and accommodating larger families or multiple tenants.
Corner Lot & Ample Parking: Positioned on a desirable corner lot, the property includes a single-car garage and a double-car garage, offering valuable off-street parking in a dense urban area.
Modern Finishes & Low Maintenance: Units feature dual-pane vinyl windows, granite countertops, wood cabinets, and tile flooring, along with artificial turf for minimal landscaping maintenance and water usage.
Cons
Sold As-Is with Existing Tenants: The property is sold in 'as-is' condition with tenants included, which may limit thorough buyer inspections and complicate tenant transition or potential owner-occupancy.
Lack of Cooling System: The description only mentions 'forced heat throughout,' implying the absence of a cooling system, which could be a significant discomfort during Los Angeles' warmer months.
Recent Price Reduction: The listing price has been reduced from $1.25M to $1.098M, potentially indicating initial overpricing or challenges in attracting buyers at the higher price point.