517 W 42nd, Los Angeles, CA 90037
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517 W 42nd, Los Angeles, CA 90037
517 W 42nd, Los Angeles, CA 90037
517 W 42nd, Los Angeles, CA 90037
517 W 42nd, Los Angeles, CA 90037
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Lisa Bethel

Lisa Bethel

+1(818) 319-5060
$ 1,190,000
Est. payment /mo
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Active

517 W 42nd Los Angeles, CA 90037

4,800 Sqft Lot

UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26183901

HOA Y/N No

Year Built 1924

Lot Size 4,800 Sqft

Property Sub-Type Apartment

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

Area C34 - Los Angeles Southwest

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Street Lights, Sidewalks, Urban

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5019015012

Energy Description 2000.0

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Alexandro Colombo Keller Williams Coastal Prop. 310-978-7950, DRE #01927702

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Lisa Bethel

Lisa Bethel

Advisor | Accredited Buyer's Representative | Seniors Real Estate Specialist® License ID: 02046953

+1(818) 319-5060

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517 W 42nd