Los Angeles, CA 90061 242 E 116th Street
$799,000
Pending
25 more
Presented By: Denise Waters with Realty Executives All Cities; 310-614-7669
Beds • 2
Baths • 1
SQFT • 1,858
Year Built • 1949
Home Details
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!
Presented By: Denise Waters with Realty Executives All Cities; 310-614-7669
Interior Features for 242 E 116th Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesLivingRoom, WoodBurning
Fireplace Y/NYes
FlooringCarpet, Tile
Heating Y/NYes
Interior AmenitiesCeilingFans, TileCounters, GalleyKitchen, PrimarySuite
Laundry FeaturesInside, LaundryRoom
Total Stories1
Window FeaturesBlinds
Other Rooms
Entry Level
General for 242 E 116th Street
AccessibilitySafeEmergencyEgressFromHome, AccessibleDoors
Additional Parcels Y/NNo
AppliancesGasRange, GasWaterHeater, Refrigerator, Dryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces0.0
Carport Y/NNo
CityLos Angeles
Community FeaturesUrban
Construction MaterialsStucco
CoolingNone
CountyLos Angeles
DirectionsWest of San Pedro and South of Imperial Hwy
DisclosuresRentControl
Electric On Property Y/NNo
Entry LocationFront & Side
ExclusionsCar Canopy, Patio Furniture, Shed farthest from the house, Rear Unit: Refrigerator, Stove
Facing DirectionNorth
Garage Spaces0.0
Garage Y/NNo
Gross Income58800.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCashToNewLoan, Conventional, FHA, Submit, VaLoan
Lot Size Square Feet5882.0
Lot Size UnitsSquareFeet
MLS AreaC37 - Metropolitan South
MobileHomeRemainsYNNo
Net Operating Income62200.0
New ConstructionNo
Number Of Units Total2
Number of Units Leased1
Open Parking Spaces5.0
Operating Expense3800.0
Other StructuresSheds
Pool FeaturesNone
PossessionClosePlus3Days, Negotiable
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofAsphalt
Security FeaturesWindowBars
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsTrust
Standard StatusPending
StatusPending
Stories1
Tax Lot95
Tenant PaysElectricity, Gas
Total Actual Rent1800.0
Trash Expense600.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNone
Water Sewer Expense1200.0
Year Built1949
Year Built SourceAssessor
ZoningLAR2
Exterior for 242 E 116th Street
Building Area Total1858.0
Crops Included Y/NNo
FencingBlock, ChainLink, Vinyl
Foundation DetailsRaised
Horse Y/NNo
InclusionsShed Closest to the house and on east side of house, Front Unit: Refrigerator, Stove, Washer, Dryer
Irrigation Water Rights Y/NNo
Lot Dimensions41x140
Lot FeaturesBackYard, FrontYard, Lawn
Lot Size Acres0.135
Lot Size Area5882.0
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings1
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesConcrete, Driveway
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking5.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
