517 W 42nd, Los Angeles, CA 90037
- $1,190,000
Listing courtesy of Listing Agent: Alexandro Colombo (info@colombocre.com) from Listing Office: Keller Williams Coastal Prop..
- List Price
- $1,190,000
- Status
- ACTIVE
- Days on Market
- 21
- MLS#
- PW26183901
- Subtype
- Residential Income
- Year Built
- 1924
- Lot Size
- 4,800
- Acres
- 0.11
- MLS Area Major
- Los Angeles Southwest (C34)
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.
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Additional Information
- Pool Type
- None
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.