16
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$1,190,000
Est. payment /mo
2 Beds
4 Baths
4,800 Sqft Lot
New
517 W 42nd Los Angeles, CA 90037
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26183901
Bedrooms 2
Lot Size 4,800 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
517 W 42nd Place is a renovated six-unit multifamily property located just south of USC and Exposition Park. The property consists of four 1BR/1BA units and two studios across two separate buildings, including two larger townhouse-style one-bedroom units in the rear structure. Renovated in 2020 with updated kitchens, bathrooms, flooring, interiors, and exterior improvements. Current gross scheduled income is $113,618, producing a 5.77% current cap rate and 10.50 GRM at the asking price. The existing rent roll offers approximately 6.2% additional rent upside. One renovated one-bedroom unit is currently available for lease at $1,995/month.
Location
State CA
County Los Angeles
Zoning Other
Direction From the 110 Fwy, exit Martin Luther King Jr Blvd. Head west on MLK Jr Blvd, north on Figueroa St, then west on W 42nd Pl. Prope
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5019015012
Acceptable Financing Conventional
Listing Terms Conventional
Virtual Tour https://www.youtube.com/watch?v=sSc7uyMXwwY
Listed by Alexandro Colombo, DRE#01927702 Keller Williams Coastal Prop.
NEARBY SCHOOL & BUSINESS
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