1124 West 42nd Street

Los Angeles, CA 90037

$1,099,000
Price
8
Beds
4
Baths
3,406 Sq. Ft.
$323 / Sq. Ft.
3,406
Sq. Ft.
$323
per Sq. Ft.

Description

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. Tear down option.... Possible potential to build 28 units with the new codes .... please check with the city. Some areas of the units are remodeled and others gutted. Easy to show. Minutes from USC and The Natural History...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. Tear down option.... Possible potential to build 28 units with the new codes .... please check with the city. Some areas of the 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!!!

Listing Agents

  1. Michael Bergin

    Michael Bergin

    Listing Agent

    Compass

    DRE #01845572

  2. Mario Ortega

    Mario Ortega

    Alternative Listing Agent

    Compass

    DRE #02185127

    mario.ortega@compass.com

    P: (818)-462-7709

Property Details for 1124 West 42nd Street

Zoning
LAR3
Parcel Number
5020021005
Total Units
4.0
Living Area
3406
Source Living Area
Vendor Enhanced
Area
Los Angeles Southwest (C34)
Vacancy Rate
YES
Lot Size Area
5067
LISTING UPDATED: 10/07/2024 11:27 AM

Property Details for 1124 West 42nd Street

StatusActive
MLS #24-416933
Days on Market139
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.12 AC / 5,067 SF
CountyLos Angeles County

Building Information for 1124 West 42nd Street

Stories2Residences-Year Built1922Building Size-Lot Size0.12 AC / 5,067 SF

Property Information for 1124 West 42nd Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
  • View: Yes
  • View Description: Trees/Woods, Walk Street
  • View: Trees/Woods
  • Entry Floor Number: 1
  • Property Condition: Fixer, Updated/Remodeled
Contract Info
Contract Info
  • Financing: Cash, Other
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $99,000
  • Net Operating Income: $99,000.00
  • Gross Income: $10,000
  • Gross Rent Multiplier: $9.99
  • Actual Gross Annual Income: $120,000
  • Total Annual Expense: 20000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1163
  • Lot Size Square Feet: 5067
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car
  • Total Parking: 4
  • Covered Parking: 4
  • Garage Spaces Total: 4
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Patio Features: Porch - Front
  • Entry Location: Main Level
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 07-18-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $173,400.00
  • Assessed Improvement Percent: 19.54
  • Assessed Land Value: $714,000.00
  • Assessed Land Percent: 80.46
  • Assessed Total Value: $887,400.00

Property History for 1124 West 42nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1124 West 42nd Street

Taxable ValueLand$832,320Additions$317,322Total$1,149,642
Tax Record2024$14,319 ($1,193 / month)
Home Facts
Total Finished SqFt3,406 SqFtAbove Grade Finished SqFt3,406 SqFtLot Size5,065 SqFtStyleQuadraplexYear Built1922ZoningLAR3CountyLOS ANGELESAPN5020-021-005

Schools near 1124 West 42nd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 4
Public - 6 to 11
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
KIPP Vida Preparatory Academy
CharterK to 4

Barack Obama Global Preparation Academy
Public6 to 11

Manual Arts Senior High School
Public9 to 12

USC Hybrid High College Prep
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1124 West 42nd Street is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on July 18, 2024 by Compass, it's currently listed at $1,099,000. It has been on the market for a total of 139 days and was last sold on October 19, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include KIPP Vida Preparatory Academy, Barack Obama Global Preparation Academy and Manual Arts Senior High School. 1124 West 42nd Street is a 8-bed, 4-bath, 3,406 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Michael Bergin, DRE #01845572; Compass, Mario Ortega, DRE #02185127

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.