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242 E 116th St, Los Angeles, CA 90061

Sale Price: $800,000
Apr 10, 20251,858 sqft4 beds3 baths
Listed by: Denise Waters
License #: 01027990
Phone #: 310-614-7669
Realty Executives All Cities
Source:
CRMLS Logo
MLS #: RS25075322

Property Description

Perfect for Entertaining and Investment! Discover the charm of this well-maintained duplex, ideally situated in a sought-after rental area. The front unit welcomes you with a cozy living room—perfect for relaxing after a long day. Need a dedicated workspace? The bonus room can easily serve as your home office or creative studio. Head to the kitchen for a quick bite, then step outside to your spacious backyard oasis. With a covered patio and ample room for guests, it’s the ultimate space for outdoor gatherings and weekend BBQs. The kitchen features a convenient layout and is connected to an in-home laundry area—no more trips to the laundromat! Live comfortably in the front unit while generating income from the back. The rear unit is a 2-bedroom, 1-bath and currently tenant-occupied. The property sits on a generous lot with plenty of parking and includes thoughtful upgrades such as newer paint, copper plumbing, a west-facing block wall, and brand-new carpeting throughout. Property comes with SimpliSafe Monitoring cameras and can be viewed 24/7 from your iPhone. This is a smart investment with style, comfort, and flexibility built right in!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
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

$10,500

TurboHome Estimated Value

$749,500

$403 sqft

High Valuation
$786,975
$424/sqft
Normal Valuation
$749,500
$403/sqft
Low Valuation
$712,025
$383/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$403/sqft$749,500

Neighborhood: Southeast Los Angeles

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Comparative Value

$539K

$615K

$710K

$780K

$799K

$800K

340 W 119th St, Los Angeles, CA 90061

Sale Price: $539,000

Selected Comparable

958 E 104th St, Los Angeles, CA 90002

Sale Price: $615,000

Selected Comparable

221 W 113th St, Los Angeles, CA 90061

Sale Price: $710,000

Selected Comparable

735 E 118th Pl, Los Angeles, CA 90059

Sale Price: $780,000

Selected Comparable

242 E 116th St, Los Angeles, CA 90061

List Price: $799,000

Subject Property

242 E 116th St, Los Angeles, CA 90061

Sale Price: $800,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
242 E 116th St, Los Angeles, CA 90061

242 E 116th St, Los Angeles, CA 90061

List: $799,000

Listed: 4/10/2025

Area:1,858 sqft
Price/sqft:$430
Beds:4
Baths:3
Year Built:
Lot Size:5,882

Comparable Properties

COMPARABLE
Choose comps
242 E 116th St, Los Angeles, CA 90061

242 E 116th St, Los Angeles, CA 90061

Sale: $800,000

6/30/20250.00 mi

Area:1,858 sqft
Price/sqft:$431
Beds:4
Baths:3
Year Built:
Weight:26.9%
221 W 113th St, Los Angeles, CA 90061

221 W 113th St, Los Angeles, CA 90061

Sale: $710,000

2/19/20250.45 mi

Area:1,622 sqft
Price/sqft:$438
Beds:4
Baths:2
Year Built:
Weight:19.3%
958 E 104th St, Los Angeles, CA 90002

958 E 104th St, Los Angeles, CA 90002

Sale: $615,000

3/31/20251.17 mi

Area:1,606 sqft
Price/sqft:$383
Beds:4
Baths:2
Year Built:
Weight:18.3%
340 W 119th St, Los Angeles, CA 90061

340 W 119th St, Los Angeles, CA 90061

Sale: $539,000

11/20/20240.63 mi

Area:1,562 sqft
Price/sqft:$345
Beds:4
Baths:2
Year Built:
Weight:17.9%
735 E 118th Pl, Los Angeles, CA 90059

735 E 118th Pl, Los Angeles, CA 90059

Sale: $780,000

6/23/20250.57 mi

Area:1,782 sqft
Price/sqft:$438
Beds:3
Baths:2
Year Built:
Weight:17.6%

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