975 W 42nd Place, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$953,999
975 W 42nd Place, Los Angeles, California 90037
0Bed
0Bath
2,752Sqft
2,767Lot
Year Built
1922
Close
-
List price
$954K
Original List price
$1.02M
Price/Sqft
$347
HOA
-
Days on market
-
Sold On
-
MLS number
SR25093033
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $954.0K(50th), sqft - 2752(57th), beds - undefined(50th), baths - undefined(50th).
New Price adjustment motivated seller! Great property close to USC with great upside in rents. This property offers separate metered for gas and electric.
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•0.4mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.5mi
5/10
West Vernon 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•1.0mi
3/10
Trinity Street Elementary School
Public,•K-5•1.3mi
2/10
Western Avenue Elementary School
Public,•K-5•1.3mi
/10
Maple Primary Center
Public,•K-1•1.3mi
2/10
Main Street Elementary School
Public,•K-5•1.3mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.7mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•1.9mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.9mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.3mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.1mi
3/10
William Jefferson Clinton Middle School
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•1.9mi
2/10
Audubon Middle School
Public,•6-8•2.2mi
1/10
Horace Mann Junior High School
Public,•6-8•2.4mi
3/10
Manual Arts Senior High School
Public,•9-12•0.1mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.5mi
5/10
Santee Education Complex
Public,•9-12•2.3mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.3mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.3mi
Price History
Date
Event
Price
09/25/25
Price Change
$953,999
04/28/25
Listing
$1,025,000
12/01/16
Sold
$489,000
Condition Rating
Poor
The property was built in 1922, making it over 100 years old. While the exterior appears maintained, there are no interior images provided, especially for the kitchen and bathrooms, which is a significant red flag for a property of this age. Without any indication of recent renovations, it is highly probable that the kitchens, bathrooms, and major systems (electrical, plumbing, HVAC) are significantly outdated and would require substantial repairs and rehabilitation to meet modern standards and maximize rental potential. The description mentioning 'upside in rents' further supports the need for significant investment to improve the property's condition and appeal.
Pros & Cons
Pros
Income-Generating Quadruplex: The property is a quadruplex, offering multiple income streams and strong investment potential in a high-demand rental market.
Strategic Location: Located in close proximity to the University of Southern California (USC), ensuring high rental demand, particularly for student housing.
Separate Utility Metering: Each unit is separately metered for gas and electric, significantly reducing landlord operating expenses and simplifying property management.
Recent Price Adjustment: A recent price reduction by a motivated seller presents a potential opportunity for a favorable purchase price and negotiation.
Rental Upside Potential: The listing explicitly notes 'great upside in rents,' suggesting room for increased cash flow and return on investment.
Cons
Historic Property Age: Built in 1922, the property likely requires substantial investment for deferred maintenance, system upgrades (plumbing, electrical), and modernization.
Minimal Outdoor Space: The lot size (2,767 sqft) is nearly identical to the building's square footage (2,752 sqft), indicating very limited or no usable outdoor space.
Unspecified Renovation Status: The listing lacks details on recent renovations or upgrades, implying the property may require significant capital expenditure to meet modern tenant expectations.