John E Burge

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300 E 42nd PlaceLos Angeles, CA 90011

Multi-Family · 2,205 Sq. ft. | 0.04 Acres
$649,000 Active

300 E 42nd Place Overview

Time on Site:
37 days
Visits:
0

Great Investment opportunity to start or expand your portfolio in a desirable area of Los Angeles. Perfect for both homeowners and investors. This income-producing property features a duplex with a permitted ADU, offering a total of 2.205 square feet of living space across three units. The property includes One 2-Bedroom, 1- bath unit. One 3- bedroom, 2-bath unit. One studio ADU. The property has 3 electrical meters, 2 gas meters and 1 water meter. The owner currently pays for water, sewer, and partial gas, while tenants pay for electricity and gas. The ADU was completed with permits, and a Certificate of Occupancy can be provided. The property is currently generating strong rental income of $5,904. per month. Don`t miss this excellent opportunity to own a great property, whether for owner occupancy or as an addition to your investment portfolio. Conveniently located near shopping centers, schools, urban amenities, and major freeways.

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300 E 42nd Place Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,205
  • Price/Sq.ft. $294
  • Lot 0.04 Acres

Details

General

Association/HOA

  • Common Interest: None

Income/Expenses

  • Gross Scheduled Income: 53448.0
  • Insurance Expense: 2150.0
  • Net Operating Income: 43598.0
  • Operating Expense: 9850.0
  • Trash Expense: 1400.0
  • Water Sewer Expense: 6300.0

Listing Information

  • Contingency: Agent Does not Guarantee the accuracy of the square footage, lot size. buyer is advised to independently verify all the accuracy of this information, through personal Inspection. Drive by only, property is tenants occupied. The units will be show with an accepted offer.

Building Information

  • New Construction: No
  • Year Built: 1922

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: C42 - Downtown L.A.
  • Postal City: LOS ANGELES

Community/Development

  • Community Features: Sidewalks

Rent/Lease Information

  • Land Lease: No
  • Tenant Pays: Electricity,Gas

General Information

  • Listing Terms: Cash to New Loan
  • Parcel Number: 5113020007
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Standard
  • Zoning: LAR2

Interior

Parking Information

  • Garage: No

Building Interior

  • Building Area Total: 2205.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: 1 Common Wall
  • Entry Level: 2
  • Entry Location: first unit of the front of the house
  • Laundry Features: None
  • Levels: Two
  • Stories: 2
  • Stories Total: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Features: Corner Lot
  • Lot Size Area: 1886.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 1886.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Property Attached: Yes

General Information

  • Number Of Units Total: 3
  • Pool Features: None
  • Pool Private: No
  • Sewer: Public Sewer

300 E 42nd Place Neighborhood

Community

90011 (Los Angeles) Demographics

30
Median Age
25,839
Population Density (per sq. mile)
11%
College Educated
$44,616
Estimated Median Income
6,904
Estimated Total Home Owners
17,923
Estimated Total Renters
28% / 72%
Estimated Owner / Renter Divide
4
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

300 E 42nd Place Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

300 E 42nd Place Market Data

Based on the last 30 days in this zip code

$806,529
Average List Price
$435
Average Price per Square Foot
7
Properties Sold
126
Average Days on Market
81
Properties for Sale
Calculations provided by Reliance Network

300 E 42nd Place History

Date Event Value Agent
5/23/2026Source: CRMLS Added to Database
May 23, 2026
12/22/2022Source: CRMLS Added to Database
December 22, 2022
Listing provided courtesy of Excellence RE Real Estate, Inc.Mercy Monroy- MLS# DW26112532MLS ProviderContact Information: [email protected] - 562-948-4553
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