$948,000
$1K PRICE DROP

901 E 42nd St Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated payment $5,887/month

Total Views 10,441
5 Beds
4 Baths
2,200 Sq Ft
$431 Price per Sq Ft

About This Home

Fantastic Opportunity – Income Property in Prime South LA Location!
Welcome to 901 E 42nd St, a well-maintained property offering excellent income. Situated in a high-demand rental area of Los Angeles, this property features units on a spacious lot with gated parking. The lot includes ample off-street parking and room for outdoor enjoyment or potential future expansion (buyer to verify with city). Conveniently located near Downtown LA, USC, public transportation, schools, and major freeways.
Whether you're a first-time investor or looking to expand your portfolio, 901 E 42nd St offers strong rental upside and long-term value in a rapidly growing area. Don’t miss out – this income-generating property won’t last long! Property is tenant occupied. Please do not disturb tenants. Drive by only.

Listing Agent

Jinny Park Macfarlane

Real Estate eBroker, Inc. Brokerage Phone: 213-595-2056 License #01916688 Listed on: 06/08/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 4,955 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,200 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 18
  • Assessor Parcel Number 5115021006
  • Seller Considering Concessions

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $700
  • Insurance Expense $3,000
  • Trash Expense $550
  • Water Sewer Expense $3,000
  • Operating Expense $7,250
  • Gross Income $90,000
  • Net Operating Income $80,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

4,955 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5115021006
  • Year Built: 1910
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 430.91

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 550.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4955.00
  • Lot Size Acres: 0.1138

Multi Family

  • Electric Expense: 700.00
  • Gross Income: 90000.00
  • Gross Scheduled Income: 97200.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 4955.0000 Square Feet
  • Net Operating Income: 80000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7250.00
  • Rent Control: Yes
  • Total Expenses: 7250.00

Tax Info

  • Tax Lot: 18
  • Tax Tract Number: 18

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,277 $831,279 $623,199 $208,080
2024 $10,147 $814,980 $610,980 $204,000
2023 $7,404 $586,500 $382,500 $204,000
2022 $3,248 $247,482 $120,723 $126,759
2021 $3,200 $242,630 $118,356 $124,274
2019 $3,109 $235,436 $114,847 $120,589
2018 $3,003 $230,821 $112,596 $118,225
2016 $2,853 $221,860 $108,225 $113,635
2015 $2,813 $218,529 $106,600 $111,929
2014 $2,835 $214,249 $104,512 $109,737
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/09/2025 11/09/25 Price Changed $948,000 -0.1% $431 / Sq Ft
06/08/2025 06/08/25 For Sale $949,000 +18.8% $431 / Sq Ft
03/21/2023 03/21/23 Sold $799,000 0.0% $363 / Sq Ft View Prior Sale
02/10/2023 02/10/23 Pending -- -- --
02/06/2023 02/06/23 For Sale $799,000 -- $363 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $799,000 None Listed On Document
Grant Deed $356,500 Wfg Title Company
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed $205,000 Fidelity National Title Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Quit Claim Deed -- Gateway Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $400,000 New Conventional
Previous Owner $249,000 Purchase Money Mortgage
Previous Owner $409,500 Purchase Money Mortgage
Previous Owner $85,000 No Value Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25128347

California Regional Multiple Listing Service (CRMLS)

APN: 5115-021-006

California Los Angeles County Los Angeles 90011 Historic South Central

901 E 42nd St, Los Angeles, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Jinny Park Macfarlane
Listing Agent
Jinny Park Macfarlane
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Real Estate eBroker, Inc.
(213) 595-2056
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