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948 E 42nd Place — Los Angeles | Belmont Brokerage | Belmont Brokerage

ActiveUnderContract

$1,098,000

264 DOM

— bd— ba— sqft

Call

948 E 42nd Pl Los Angeles, CA 90011

5,483sqft lot

** AMAZING INVESTMENT OPPORTUNITY ** New build from the ground up in 2020. Very sought after income producing DUPLEX. A MASSIVE 2-story building that boasts 3,676 sq/ft of living space on a 5,483 sq/ft lot. A CORNER LOT. Both units are 5 bedrooms and 3 bathrooms. The property has a single car garage in the front of the property and a double car garage in the rear of the property. Amenities include for both units: Dual pane vinyl windows, granite counter tops, wood cabinets, tile flooring in the kitchen and bathrooms, carpeted bedrooms and forced heat throughout. The property has artificial lawn for minimal maintenance and water usage. Property is being sold as-is with the Tenants included. Tenants pay all utilities. Please do not disturb occupants. Agents bring your investors. AMAZING OPPORTUNITY TO add to your portfolio or get started with a newer building.

MLS PW25167983

562-202-4000 (Office) rkbaustin@aol.com

Est. payment

$7,016/mo

Principal & interestTaxesInsurance

$5,552$1,144$320

Down %

Rate %

Years

Down payment: $219,600 · Total cost: $2,218,351

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$7,016/mo

Principal & interest: $5,552
Est. property tax: $1,144
Est. insurance: $320
Down payment: $219,600

Est. gross rent$4,575/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-2,441/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Jul 24, 2025	$1,250,000	—

Facts & Features

Transaction Data

▼Price Reduced from $1,250,000 (−$152,000)

Structure & Property

Year Built2020

Garage Spaces3

562-202-4000 (Office) rkbaustin@aol.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

948 E 42nd Place, Los Angeles, CA 90011

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Call

948 E 42nd Pl Los Angeles, CA 90011

About this home

Rod Austin

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Rod Austin

Sale & Tax History

No Recent Sales History

Location

948 E 42nd Place, Los Angeles, CA 90011

About This Property

Property Photos

Location

Listing Agent

Presented by Belmont Brokerage Inc.

948 E 42nd Pl Los Angeles, CA 90011

About this home

Rod Austin

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Rod Austin

Sale & Tax History

No Recent Sales History

Location