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$1,190,000
Est. payment /mo
4,800 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
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
NEARBY SCHOOL & BUSINESS
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