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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Jamie Tolbert

Jamie Tolbert

+1(424) 299-1155
$ 1,190,000
Est. payment | /mo

4,800 Sqft Lot

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

4,800 Sqft Lot

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

Virtual Tour https://www.youtube.com/watch?v=sSc7uyMXwwY

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

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(424) 299-1155

jamietolbertre@gmail.com

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517 W 42nd