Skip main navigation
Under contract
  • Listing Provided by: 

    Denise Waters DRE #01027990 310-614-7669,

    Realty Executives All Cities

    Price cut: $51K (4/26)
    $799,000

    242 E 116th St, Los Angeles, CA 90061

    --beds
    --baths
    1,858sqft
    : 
    Duplex
    Built in 1949
    -- sqft lot
    $822,200 Zestimate®
    $430/sqft
    $-- HOA

    What's special

    Dedicated workspaceBrand-new carpetingSpacious backyard oasisConvenient layoutCovered patioBonus roomIn-home laundry area
    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!
    34 days
    on Zillow
    |
    60
    |
    0
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 04, 2025 at 07:18am

    Listing Provided by:

    Denise Waters DRE #01027990 310-614-7669,

    Realty Executives All Cities

    Source: CRMLS,MLS#: RS25075322MLS LogoOriginating MLS: California Regional MLS
    Travel times

    Facts & features

    Interior

    Rooms
    • Room types: Bonus Room, Kitchen, Laundry, Primary Bedroom
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Included: Gas Range, Gas Water Heater, Refrigerator, Dryer, Washer
    • Laundry: Inside, Laundry Room
    Features
    • Ceiling Fan(s), Tile Counters, Galley Kitchen, Primary Suite
    • Flooring: Carpet, Tile
    • Windows: Blinds
    • Has fireplace: Yes
    • Fireplace features: Living Room, Wood Burning
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 1,858
    • Total interior livable area: 1,858 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Concrete, Driveway
    • Uncovered spaces: 5
    Accessibility
    • Accessibility features: Safe Emergency Egress from Home, Accessible Doors
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Front & Side
    • Pool features: None
    • Spa features: None
    • Fencing: Block,Chain Link,Vinyl
    • Has view: Yes
    • View description: None
    Lot
    • Size: 5,882 Square Feet
    • Dimensions: 41 x 140
    • Features: Back Yard, Front Yard, Lawn
    Details
    • Additional structures: Shed(s)
    • Parcel number: 6083009005
    • Zoning: LAR2
    • Special conditions: Trust

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    • Attached to another structure: Yes
    Materials
    • Stucco
    • Foundation: Raised
    • Roof: Asphalt
    Condition
    • Turnkey
    • New construction: No
    • Year built: 1949

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Urban
    • Security: Window Bars
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $430/sqft
    • Tax assessed value: $501,978
    • Annual tax amount: $6,543
    • Date on market: 4/10/2025
    • Listing terms: Cash to New Loan,Conventional,FHA,Submit,VA Loan
    • Inclusions: Shed Closest to the house and on east side of house, Front Unit: Refrigerator, Stove, Washer, Dryer
    • Exclusions: Car Canopy, Patio Furniture, Shed farthest from the house, Rear Unit: Refrigerator, Stove
    • Total actual rent: 1800
    • Tenant pays: Electricity, Gas
    • Road surface type: Paved
    • Loading