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
517 W 42nd, Los Angeles, CA 90037
517 W 42nd, Los Angeles, CA 90037
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Kevin O'keefe

Kevin O'keefe

+1(858) 260-9001
$ 1,190,000
Est. payment | /mo

2 Beds

4 Baths

4,800 Sqft Lot

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$ 1,190,000
Est. payment | /mo
Save Virtual Tour

2 Beds

4 Baths

4,800 Sqft Lot

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

MLS Router / San Diego MLS
Listed by Alexandro Colombo, DRE#01927702 Keller Williams Coastal Prop. 

Schools and Properties Nearby

Kevin O'keefe

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(858) 260-9001

kevin.okeefe@lptrealty.com

10620 Treena St Ste 230, San Diego, CA 92131-1140, USA

Learn More About LPT Realty

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517 W 42nd