517 W 42nd Los Angeles, CA $ 1,190,000
517 W 42nd
$ 1,190,000
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517 W 42nd

Los Angeles, CA, 90037
$ 1,190,000
Baths1.0 Sq 2,984

Monthly Estimate*

$ 7,514

Listed by Keller Williams Coastal Prop.
517 W 42nd, Los Angeles, CA 90037 - Image 1
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View a Virtual Tour
Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,190,000 with 1 full bath. This 2,984 square foot home was built in 1924 on a lot size of 0.1102.

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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Multi-Family Active

Price

$ 1,190,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1102

Year Built

1924

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PW26183901

Days on Market

21

Features
General
Sewer Public Sewer
Garage Spaces 0
Pool Features None
Year Built 1924
Property Subtype Apartment
Gross Income 113618
Community Features Street Lights Sidewalks Urban
County Los Angeles
Net Operating Income 68655
Operating Expense 41564
Insurance Expense 5222
New Construction false
Property Type Residential Income
Contingency Sale subject to buyer's review and approval of due diligence materials and physical inspection of the property.
MaintenanceExpense 5511
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions From the 110 Fwy exit Martin Luther King Jr Blvd. Head west on MLK Jr Blvd north on Figueroa St then west on W 42nd Pl. Property is located at 517 W 42nd Pl.
City Los Angeles
Entry Location Ground Level
Senior Community Y/N false
Number Of Units Total 6
MLS Area C34 - Los Angeles Southwest
Lot Size Units Square Feet
Lot Size Square Feet 4800
Listing Terms Conventional
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 575
Fuel Expense 2000
Trash Expense 0
Water Sewer Expense 8035
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Other
Tax Lot 211
Virtual Tour https://www.youtube.com/watch?v=sSc7uyMXwwY
Property Sub Type Additional Apartment
Taxes 15022
Cap Rate 5.77
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Interior
Total Stories 2
Common Walls No Common Walls
Laundry Features None
Entry Level 1
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Exterior
Lot Features 6-10 Units/Acre
Water Source Public
Total Parking 0
Lot Size Area 4800
Number of Buildings 2
Building Area Total 2984
Lot Size Acres 0.1102
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 7
Number of Separate Electric Meters 7
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* Excluded Features
List By
Keller Williams Coastal Prop.

Broker

info@colombocre.com

Email

Affordability Calculator

$7,514
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Monthly Principal & Interest
$7,514
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/21/2026$1,190,000 Listed Price

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517 W 42nd, Los Angeles, CA, 90037 is a Multi-Family Home for sale at $1,190,000 with 2,984 sqft and a lot size of 0.1102. 517 W 42nd is a studio with 1.0 baths and was built in 1924. The property's zip code is 90037 which is in Los Angeles, CA