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221 W 42nd Street, Los Angeles, CA 90037
$550,000
221 W 42nd Street, Los Angeles, CA 90037View this property at 221 W 42nd Street, Los Angeles, CA 90037
221 W 42nd StreetLos AngelesCA90037
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Property Description
**Fantastic Investment Opportunity! Duplex with Potential - $500,000**
Probate Sell, Sold-As-Is WITH TENANTS IN PLACE, NO showings. Write offers subject two inspections.
Welcome to this incredible investment property that offers endless potential for the savvy investor! Located in a highly desirable area, this duplex presents a unique chance to add value and maximize returns. The listing price of $500,000 ensures you can seize the opportunity to own this property and capitalize on the thriving real estate market in the area.
- Type: Duplex Sec. 8 Rents
- Front House: 3 bedrooms, 1.5 bathrooms Rent $1,300
- Back House: 3 bedrooms, 1 bathroom Rent $1,200
**Investor's Dream:**
This duplex property is perfect for an investor buyer looking to make a smart investment. The property needs a full rehab, which allows you to unleash your creativity and design your ideal income-generating property. With a little TLC, you can transform this duplex into a highly desirable rental or even consider living in one unit while renting out the other to supplement your mortgage payments.
**Prime Location:**
The location of this duplex is simply unbeatable. Situated in a sought-after neighborhood with a strong housing market, it offers excellent potential for appreciation. Homes in the area are currently listed for sale at $900,000, highlighting the tremendous opportunity for future gains.
**Endless Possibilities:**
With both units featuring 3 bedrooms, these spacious living spaces have the potential to attract a diverse range of tenants. Whether you decide to renovate and modernize the interiors or maintain the charm of the existing layout, the flexibility is all yours.
Take advantage of this rare chance to secure a duplex with tremendous investment potential. Opportunities like this don't come around often, so act quickly to make this property yours and start unlocking its value.
*Please note that the information provided here is for marketing purposes only and is subject to change. Buyers are advised to conduct their own due diligence before making any purchasing decisions.*
Full Property Details
Full Property Details for 221 W 42nd St
General
- Sold For: $550,000
- Status: Closed
- Type: Duplex
- MLS ID: TR23141731
- Added to Site: 277 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Down, Family Room
- Fireplace(s): None
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Parking
- Garage: Yes
- Garage Spaces: 1
Location
- County: Los Angeles
- Driving Directions: exit Martin Luther King Jr Blvd, turn right. Broadway right and left onto W 42nd St
School Information
- School District: Los Angeles Unified
Community
- Community Features: Biking
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Duplex
- Common Walls: No Common Walls
- Entry Location: front
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,257
- Sq. Ft. Source: Assessor
- Year Built: 1908
- Year Built Source: Public Records
Lot Features
- Property View: None
- Lot Size (Acres): 0.1111
- Lot Size Source: Assessor
- Zoning: LARD2
- Lot Description: Back Yard
Financial Considerations
- Price Per Sq. Ft.: $243.69
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Special Conditions: Probate Listing
Listed by Coldwell Banker Top Team, Malika Boudreaux
Sold by Realty Brokerage Group Inc, Jay Dharmasuriya
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Schools
Schools serving 221 W 42nd St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
401 E 40th Pl, Los Angeles, CA 90011 | K-5 | 0.6 mi | |
3500 S Hill St, Los Angeles, CA 90007 | 6-8 | 0.7 mi | |
1319 E 41st St, Los Angeles, CA 90011 | 9-12 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 221 W 42nd St
Date
Details
Price
Change
Source
4/12/2024
Sold
$550,000
10%
MLS
8/01/2023
Listed
$500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
221 W 42nd Street, Los Angeles, CA 90037 (MLS# TR23141731) is a Duplex property that was sold at $550,000 on April 12, 2024. Want to learn more about 221 W 42nd Street? Do you have questions about finding other Duplex real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.