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Listed by Alexandro Colombo, DRE #01927702 • Keller Williams Coastal Prop.
$ 1,190,000
Est. payment /mo
New
517 W 42nd Los Angeles, CA 90037
4,800 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26183901
Year Built 1924
Lot Size 4,800 Sqft
Source California Regional MLS
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
Laundry None
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 5019015012
Special Listing Condition Not Applicable
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