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1324 E 42Nd St, Los Angeles, CA 90011
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1324 E 42Nd St Los Angeles, CA 90011

$1,488,800
  • 10 Beds
  • 6 Baths
  • 3,726 Sq.Ft.
For Sale
$1,488,800 Get Pre-Qualified
Map preview of 1324 E 42Nd St, Los Angeles, CA 90011

Property Overview: 1324 E 42Nd St Los Angeles, CA has 10 bedrooms, 6 bathrooms, 3,726 living square feet and 5,014 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Exciting opportunity to own a modern duplex with two units, each featuring 5 bedrooms and 3 bathrooms. Individual gas, electric, and water meters for each unit. 1326 E 42nd includes a 2-car garage with alley access, while 1324 offers a 1-car garage and additional driveway parking. Not rent control property! current month-to-month tenants. Well-designed floorplans and potential for increased rents. Conveniently located near shopping centers, diverse restaurants, University of Southern California, and cultural attractions. Act now to seize this unique opportunity!

Listed by Cayenne Kuang | BRE #01231003 | Spectrum Realty
Last checked: 4 minutes ago | Last updated: January 27th, 2024 | Source CRMLS | DOM: 93
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Home details

Lot Sq. Ft
5,014
HOA Dues
$0/mo
Year built
2018
Garage
3 Car
Property Type:
Duplex
Status
Active
MLS#
OC24005986
City
Los Angeles
County
Los Angeles
Time on Site
112 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,800
  • Total Rent: $3,800
  • Pro Forma/Market Rent: $5,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,800
  • Total Rent: $3,800
  • Pro Forma/Market Rent: $5,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.9%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $91,200
  • Net Operating Income: $72,658
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $5,088
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $1,530
  • Professional Management: $380
  • Water/Sewer: $0

Open Houses for 1324 E 42Nd St

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Property Details for 1324 E 42Nd St

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Direct Garage Access, Driveway, Garage
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 5116003010
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Roads: Hooper Ave/ E 42nd St
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1324 E 42Nd St

Last sold for $890,000 on December 7th, 2018

  • January, 2024

  • Jan 11, 2024

    Date

    Active

    CRMLS: OC24005986

    $1,488,800

    Price

  • November, 2022

  • Nov 1, 2022

    Date

    Expired

    CRMLS: AR22040758

    $1,200,000

    Price

  • Mar 11, 2022

    Date

    Active

    CRMLS: AR22040758

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent opportunity to own this newer built (2018) Duplex. 2 units, each consisting of 5 bedrooms and 3 bathrooms! Each unit has their own Gas, Electric, and Water meter. 2 water meters! 1326 E 42nd has a 2 car garage with alley access and additional parking. 1324 has a 1 car garage and additional driveway parking. Non rent control property. Current tenants on a month to month agreement. Excellent Floorplans for each unit (Please see pictures of floorplan) Opportunities for newer build don't come often! Upside potential in rents. Use the virtual tour to fully appreciate this property.

  • December, 2018

  • Dec 7, 2018

    Date

    Sold (Public Records)

    Public Records

    $890,000

    Price

  • October, 2018

  • Oct 31, 2018

    Date

    Sold

    CRMLS: 483468

    $335,000

    Price

  • Listing provided courtesy of CRMLS

    Fixer Upper, need cash investor Association Amenities: None # of RV Spaces: 0NONE Lot Location Type: Standard Location Special Features: None # of Attached Spaces: 0 # of Detached Spaces: 0

  • January, 2018

  • Jan 16, 2018

    Date

    Sold

    CRMLS: CV17064505

    $335,000

    Price

  • Mar 29, 2017

    Date

    Pending

    CRMLS: CV17064505

    $400,000

    Price

  • Mar 28, 2017

    Date

    Active

    CRMLS: CV17064505

    $400,000

    Price

  • Listing provided courtesy of CRMLS

    Fixer up. Need investor all cash

  • January, 2018

  • Jan 12, 2018

    Date

    Sold (Public Records)

    Public Records

    $335,000

    Price

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Tax History for 1324 E 42Nd St

Assessed Value (2020): $907,800
Year Land Value Improved Value Assessed Value
2020 $459,000 $448,800 $907,800

Home Value Compared to the Market

This property vs the competition

1324 E 42Nd St is listed 21.53% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $399.57 per/sqft which puts the price per square foot 48.38% lower than the median price per square foot for the city of Los Angeles.

About 1324 E 42Nd St

Detailed summary of property

1324 E 42Nd St is a duplex located in Los Angeles, CA 90011 and is currently for sale. This duplex offers 10 bedrooms, 6 bathrooms, roughly 3,726 living square feet, and sits on an approximately 5,014 square foot lot. 1324 E 42Nd St was first listed on ArdentRealEstateGroup.com on January 12, 2024. The homeowner is currently asking $1,488,800. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 21.53% higher than the median priced home. Local competing homes currently for sale include 510 E 23rd St, 2323 Wall St and 5017 S San Pedro St. While the average home in Los Angeles, CA is selling in 96 days, 1324 E 42Nd St has a days on market of 93 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1324 E 42Nd St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1324 E 42Nd St

Public county record property details
Beds
10
Baths
6
Year built
2018
Sq. Ft.
3,647
Lot Size
5,012
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5116-003-010

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$620,000
Median List Price/Sq.Ft.
$460
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
40
Median Sale to List Price %
104.76%
Avg Days on Market
54
Loan Type
Conventional (33.33%), FHA (25%), VA (0%), Cash (33.33%), Other (8.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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