517 W 42nd, Los Angeles, CA 90037
- $1,190,000
List Agent Alexandro Colombo () 310-978-7950 Keller Williams Coastal Prop.; CoList ()
- List Price
- $1,190,000
- Status
- ACTIVE
- MLS#
- PW26183901
- Year Built
- 1924
- Lot Size
- 4,800
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 25
- Property Type
- Multifamily
- 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.
/u.realgeeks.media/sellyourhome/new_size.jpg)
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
Mortgage Calculator
Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.