Residential Income — 517 W 42nd, Los Angeles, CA
$1,190,000
517 W 42nd, Los Angeles, CA
About this property
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.
Property details
Location
517 W 42nd • Los Angeles, CA 90037
Listed by
Alexandro Colombo · Keller Williams Coastal Prop.
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