721 E 42nd Place, Los Angeles, CA 90011

About this triplex

Large 3-unit income producing property, conveniently located in Downtown Los Angeles, minutes from Exposition Park. 2 separate buildings each fenced with a spacious front lawn. The first building is a huge upstair/downstair combo features a 1 Bed/1 bath unit and another 2 Bed/1bath unit. The 2nd stand-along building is gated with its own private yard, like a single family home and consists of 3 Bed/ 1 bath. All 3 units are spacious and very well-kept with long term tenants. Owner have not raise rent in years, and this is why the rent is so low. Minimal maintenance, easy to manage with current cap rate at 5.37%. Not to be missed!

Listing description from the November 2018 sale, as reported to CRMLS.

Sale history

$540,000

Sold November 2018 · listed $538,000, on market September 2018 · MLS #AR18234941 · Source: CRMLS

Listing Agent: Danny Hy · Listing Office: Coldwell Banker George Realty · Contact: 626-445-6660 · Bought with: Aaron Mejia · Realty One Group United

$445,000

Sold May 2015 · on market March 2015 · MLS #315002728 · Source: CRMLS

Listing Agent: Silvia Rivas Segura · Listing Office: Re/Max Tri-City Realty · Contact: 818-790-9700 · Bought with: Silvia Rivas Segura · Re/Max Tri-City Realty

$320,000

Sold June 2013 · listed $325,000, on market March 2013 · MLS #PW13045433 · Source: CRMLS

Listing Agent: Larry Holmes · Listing Office: Larry Holmes, Broker · Contact: 714-863-9095 · Bought with: Larry Holmes · Larry Holmes, Broker

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