1124 W 42nd St, Los Angeles, CA 90037 - View 1
1124 W 42nd St, Los Angeles, CA 90037 - View 2
1124 W 42nd St, Los Angeles, CA 90037 - View 3

1124 W 42nd St, Los Angeles, CA 90037

Sale Price: $1,025,000
Jul 18, 20243,406 sqft8 beds4 baths
Listed by: Michael Bergin
License #: 01845572
Phone #: 310-600-0715
Compass
Source:
CRMLS Logo
MLS #: 24416933

Property 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 Museum. Call for more details. Seller is open to all offers...all creative financing ideas... all seller building options!!!
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$14,529

TurboHome Estimated Value

$1,033,800

$304 sqft

High Valuation
$1,085,490
$319/sqft
Normal Valuation
$1,033,800
$304/sqft
Low Valuation
$982,110
$288/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$304/sqft$1,033,800

Neighborhood: South Los Angeles

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Comparative Value

$770K

$900K

$1.02M

$1.10M

$1.28M

$1.29M

6275 Menlo Ave, Los Angeles, CA 90044

Sale Price: $770,000

Selected Comparable

3919 Halldale Ave, Los Angeles, CA 90062

Sale Price: $900,000

Selected Comparable

1124 W 42nd St, Los Angeles, CA 90037

Sale Price: $1,025,000

Selected Comparable

1124 W 42nd St, Los Angeles, CA 90037

List Price: $1,099,000

Subject Property

3622 Arlington Ave, Los Angeles, CA 90018

Sale Price: $1,280,000

Selected Comparable

2121 Portland St, Los Angeles, CA 90007

Sale Price: $1,293,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1124 W 42nd St, Los Angeles, CA 90037

1124 W 42nd St, Los Angeles, CA 90037

List: $1,099,000

Listed: 7/18/2024

Area:3,406 sqft
Price/sqft:$323
Beds:8
Baths:4
Year Built:
Lot Size:5,067

Comparable Properties

COMPARABLE
Choose comps
1124 W 42nd St, Los Angeles, CA 90037

1124 W 42nd St, Los Angeles, CA 90037

Sale: $1,025,000

4/4/20250.00 mi

Area:3,406 sqft
Price/sqft:$301
Beds:8
Baths:4
Year Built:
Weight:23.2%
3919 Halldale Ave, Los Angeles, CA 90062

3919 Halldale Ave, Los Angeles, CA 90062

Sale: $900,000

4/4/20250.70 mi

Area:3,250 sqft
Price/sqft:$277
Beds:8
Baths:4
Year Built:
Weight:21.0%
2121 Portland St, Los Angeles, CA 90007

2121 Portland St, Los Angeles, CA 90007

Sale: $1,293,000

6/3/20252.05 mi

Area:3,018 sqft
Price/sqft:$428
Beds:8
Baths:4
Year Built:
Weight:19.2%
6275 Menlo Ave, Los Angeles, CA 90044

6275 Menlo Ave, Los Angeles, CA 90044

Sale: $770,000

1/28/20251.74 mi

Area:3,766 sqft
Price/sqft:$204
Beds:8
Baths:4
Year Built:
Weight:18.4%
3622 Arlington Ave, Los Angeles, CA 90018

3622 Arlington Ave, Los Angeles, CA 90018

Sale: $1,280,000

4/30/20251.67 mi

Area:3,986 sqft
Price/sqft:$321
Beds:8
Baths:4
Year Built:
Weight:18.2%

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