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$ 1,149,000
Est. payment /mo
Price Dropped by $41K
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
NEW PRICE — $1,149,000. 517 W 42nd Place is a renovated six-unit multifamily property located just south of USC and Exposition Park. At the new pricing, the property generates approximately $113,618 in current gross scheduled income, producing a 6.02% current cap rate and 10.14 GRM, with approximately 6.2% additional rent upside. Renovated in 2020 with updated kitchens, bathrooms, flooring, interiors, and exterior improvements. The unit mix consists of four 1BR/1BA units and two studios across two buildings, including two larger townhouse-style one-bedroom units in the rear structure. Recent property cleanup includes repaired perimeter fencing and refreshed common areas. $191,500/unit. OM, rent roll, and financials available upon request. Contact listing broker for showing instructions.
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
Virtual Tour https://www.youtube.com/watch?v=sSc7uyMXwwY
Listed by Alexandro Colombo Keller Williams Coastal Prop. 310-978-7950, DRE #01927702