4 months on rocket

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

$1,099,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
4 Baths
3,406 SqFt
$323/SqFt
House

Location

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1124 W 42nd St, Los Angeles$1,099,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Garage4 spaces
Year Built1922
HeatingWall Furnace
CoolingNone
ViewTrees/Woods
MLS #24416933
Lot Size0.12 Acres
StatusActive

About 1124 W 42nd St

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!!!

Property Details

Property Features

Property Information:

  • Year Built: 1922
  • Stories: 2
  • Living Area: 3,406 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (818) 783-7721
  • Listing Agent: Michael Bergin

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Trees/Woods

Parking Information:

  • Garage Space: 4 spaces

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: Between Normandie Ave and Vermont Ave and between Vernon Ave and Martin Luther King Blvd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,099,000
  • Price Per SqFt: $323/SqFt

Tax Information:

  • Annual Amount: $5,112
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

1124 W 42nd St vs Los Angeles

125 DAYS ON ROCKET

+87 Days

$1,099,000

+$75.5K More

$323/SqFt

-$318 Less

KEY TAKEAWAY

This property is $75.5K more than the Median Sold Price and $318/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24416933

Listing Office:

  • Office Name: Compass
  • Office Phone: (818) 783-7721
  • Listing Agent: Michael Bergin

IDX 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 1:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 20, 2009Home Sold
$330,000
Apr 26, 2005Home Sold
$521,000
Aug 23, 2004Home Sold
$360,000
May 15, 2002Home Sold
$280,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,112$392,586
2020$4,968$388,561
2019$4,870$380,943
2018$4,773$373,475
2017$4,773$366,153

History based on county public records data.

Payment Calculator

$5,553

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,361

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-488670
3
/10

  • Kipp Vida Preparatory Academy

  • 4410 S Budlong Ave

  • 0.26 miles

  • Public Charter Grades KG-4

school-card-donut-488671
5
/10

  • Menlo Avenue Elementary

  • 4156 Menlo Ave

  • 0.29 miles

  • Public District Grades KG-5

school-card-donut-488672
5
/10

  • Normandie Avenue Elementary School

  • 4505 S Raymond Ave

  • 0.39 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,559. Typical income of Los Angeles, CA residents is less than $35k annually. Typical family type is married, with kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1124 W 42nd St

What is the listing price of this property?

The listing price of 1124 W 42nd St property is $1,099,000.

What type of property is this?

The property 1124 W 42nd St is a house located in Los Angeles, California, 90037.

Is this property for sale now?

Active Listing: 1124 W 42nd St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,112 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 20, 2009 for $330,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1124 W 42nd St has 8 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 1124 W 42nd St is 3,406 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1124 W 42nd St is 1922.

Rocket Homes›California›Los Angeles County›Los Angeles›90037›1124 W 42nd St

This home is located at 1124 W 42nd St in Los Angeles, CA and zip code 90037 in the South LA neighborhood. This 3,406 square foot home, which was built in 1922, sits on a 0.12 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 19, 2024 and is currently priced at $1,099,000.

Over 598 listings were sold over their listed price in October 2024 in Los Angeles, CA. In the same period over 753 listings were sold below the listed price and 191 listings were sold for the listed price. The number of homes for sale in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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