$9,500 Closing Credit¹
#DW25091826, William Aquino, Listing Office: Century 21 LOTUS
#RS25075322·
Listing office: Realty Executives All Cities·
Listing agent: Denise Waters·
Listing office phone: 310-614-7669
$799,000 List price
242 E 116th St Los Angeles, CA 90061
$9,488
Closing credit¹
0.1 acres
Multi-Family
Property details
About 242 E 116th St
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!
Highlights
Home typeDuplex
HeatingWall Furnace
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
Lot size0.135 Acres
Year built1949
ParkingConcrete, Driveway
MLS #RS25075322
FireplaceLiving Room, Wood Burning
Summary
- Appliances: Gas Range, Gas Water Heater, Refrigerator, Dryer, Washer
- Flooring Type: Carpet, Tile
- Interior: Ceiling Fan(s), Tile Counters, Galley Kitchen, Primary Suite
- Fireplace: Living Room, Wood Burning
- Private Pool: No
- Parking: Concrete, Driveway
- Heating: Wall Furnace
- Cooling: None
- List Price: $799,000
- HOA Amount: $0
- Annual Tax Amount: $6,542
- Tax Year: 2024
- Lot: Back Yard, Front Yard, Lawn
- Directions: West of San Pedro and South of Imperial Hwy
- Year Built: 1949
- Stories: 1
- Lot Size: 0.135 Acres
- MLS Number: RS25075322
- MLS Name: CRMLS
- Office Name: Realty Executives All Cities
- Office Phone: (310) 614-7669
- Listing Agent: Denise Waters
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: 5/29/2025, 12:20:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$799,000
242 E 116th St
$9,488
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 12, 2017 | Home Sold | $450,000 |
| Jul 05, 1996 | Home Sold | $22,877 |
| Apr 02, 1990 | Home Sold | $110,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $501,978 | $6,542 |
| 2023 | $492,136 | $6,419 |
| 2022 | $482,488 | $6,132 |
| 2021 | $473,029 | $6,050 |
| 2020 | $468,180 | $5,871 |
| 2019 | $459,000 | $5,758 |
| 2018 | $450,000 | $3,252 |
| 2017 | $234,850 | $3,252 |
History based on county public records data.
Nearby schools
4
118th Street Elementary
Public District KG-5
0.2 mi
•144 E 118th St
5
116th Street Elementary
Public District KG-5
0.5 mi
•11610 Stanford Ave
5
122nd Street Elementary
Public District KG-5
0.5 mi
•405 E 122nd St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,662. The majority of Los Angeles, CA residents have income less than $<35k annually. The most common type of family is single, with kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
46%
<35k
46%
35k-100k
7%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
30%
Single, No Kids
37%
Single, with Kids
9%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
24%
<11 yrs old
14%
12-17 yrs old
26%
18-34 yrs old
32%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Where do the neighbors shop?
Ross Dress For Less
Foot Locker
Burlington
Where do the neighbors go to eat?
Jack In The Box
Little Caesars
White Castle
What do the neighbors drive?
Nissan
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 242 E 116th St in Los Angeles, CA and zip code 90061 in the South LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 11, 2025 and is currently priced at $799,000.
Over 395 listings were sold over their listed price in April 2025 in Los Angeles, CA. In the same period over 328 listings were sold below the listed price and 148 listings were sold for the listed price. In April 2025 in Los Angeles, CA there were 10.2% more homes for sale than in March. The median list price of listings available in April 2025 was $896,516, while the average time on the real estate market was 36 days.
From Rocket Homes Real Estate and based on county public records data.