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$1199000   Price Analysis
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1124 W 42nd St
Los Angeles, CA 90037
8 bed 4 bath 3406 SqFt ($352/SqFt)
5067SqFt lot. Built 1922
Listed 2024-07-18, Taxes $10667
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Calling all Developers

Investors and builders!!! VACANT 4 unit corner lot building with RTI plans for a 5th unit. Each unit has 2 bedrooms and 1 bath approx 800sqft each. Each unit projected $2500/mo with the 5th RTI unit projected at $2700-$3000/mo for a total of approx $13, 000/mo.

Tea r down option. Possible potential to build 28 units with the new codes . please check with the city. Some areas of th units are remodeled and others gutted. Easy to show. Minutes from USC and The Natural History Museum. Call for more details. Seller is open to all offers. all creative financing ideas. all seller building options!!!


Presented by michael Bergin at
Compass.
Listing Agent Photo

Property MLS #24-416933 from TheMLSCLAW

Bedrooms: 8

Total Bathrooms: 4
Full Bathrooms: 4

Heating Features: Wall

Covered Spaces: 4
Garage Spaces: 4
Garage Description: Garage - 4+ Car
Parking Total: 4

Patio And Porch Features: Porch - Front
Patio Features: Porch - Front

Lot Size Acres: 0.1163223
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 5067

View: Trees/Woods, Walk Street

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 4
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2500, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2500, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 2500, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 2500

Gross Income: 120000

Source Listing Status: Active
County: Los Angeles
Directions: Between Normandie Ave and Vermont Ave and between Vernon Ave and Martin Luther King Blvd.
Source Property Type: Residential Income
Area: Los Angeles Southwest
Source Neighborhood: Los Angeles Southwest
Parcel Number: 5020-021-005
Postal Code Plus 4: 1856
Zoning: LAR3
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$170000 + $700000
$870000
$10667
2021$157033 + $235553
$392586
$5112
2020$155423 + $233138
$388561
$5157
2019$152376 + $228567
$380943
$4968
2018$149389 + $224086
$373475
$4870
2017$146460 + $219693
$366153
$4772
2016$143589 + $215386
$358975
$4631
2015$141433 + $212151
$353584
$4567
2014$138663 + $207996
$346659
$4609
2013$138037 + $207056
$345093
$4603
2012$135331 + $202997
$338328
$4664
2010$132678 + $199017
$331695
$4588
2009$200000 + $460000
$660000
$8447
2009$131687 + $197530
$329217
$8447
2008$286526 + $266362
$552888
$6970
2007$280908 + $261140
$542048
$6737

Listing removed 2024-07-19
$0
TheMLSCLAW
Listed 2024-07-18
$1199000
TheMLSCLAW
Price Changed for rent 2024-04-24
$2549
TheMLSCLAW
Price Changed for rent 2024-03-20
$2749
TheMLSCLAW
Listed for rent 2024-03-07
$3000
TheMLSCLAW
Listing removed 2024-01-25
$2250
TheMLSCLAW
Listing removed 2024-01-08
$2400
TheMLSCLAW
Listing removed 2023-11-15
$2400
TheMLSCLAW
Listed for rent 2023-10-16
$2400
TheMLSCLAW
Sold 2021-10-19
$870000
TheMLSCLAW
Sold 2009-05-20
$330000
ITECH
Listing removed 2009-04-03
$399000
TheMLSCLAW
Listed 2008-10-22
$399000
TheMLSCLAW
Listed 2008-10-20
$399000
ITECH
Sold 2005-04-28
$559900
ITECH
Listed 2005-02-27
$559900
ITECH
Sold 2004-08-23
$360000
Public Record
Listing removed 2002-07-05
$250000
ITECH
Sold 2002-05-15
$280000
Public Record
Listed 2002-03-04
$250000
ITECH

Net Operating Income: 99000

Total Square Feet Living: 3406
Year Built: 1922
Building Exterior Type: Stucco
Entry Location: Main Level
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 102
Property Condition: Fixer, Updated/Remodeled
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced

Manual Arts Senior High School is a public high school located approximately 0.1 miles away.
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Normandie Avenue Elementary School is a public elementary school located approximately 0.4 miles away.
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Barack Obama Global Preparation Academy is a public middle school located approximately 0.9 miles away.
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St. Cecilia Elementary School is a private elementary and middle school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.