901 E 42nd St Los Angeles, CA 90011
Historic South Central NeighborhoodEstimated payment $5,774/month
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
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
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $10,147 | $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 |
Property History
| 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 |
Purchase History
| 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 |
Mortgage History
| 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: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25128347
APN: 5115-021-006
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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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