517 W 42nd, Los Angeles, CA 90037
517 W 42nd, Los Angeles, CA 90037
517 W 42nd, Los Angeles, CA 90037
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Alexandro Colombo, DRE #01927702 • Keller Williams Coastal Prop.
$1,129,000
Est. payment /mo
4,800 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW26183901

Year Built 1924

Lot Size 4,800 Sqft

Source California Regional MLS

Property Description

NEW PRICE: $1,129,000 | 5.96% CURRENT CAP | $188,167 PER UNIT 517 W. 42nd Place is a fully occupied, renovated six-unit multifamily property in Los Angeles, offered at $1,129,000. At the new asking price, the property delivers a 5.96% current cap rate and 10.15 GRM, with approximately $111,200 in annual scheduled gross income. Renovated in 2020, the property consists of four one-bedroom units and two studios across two buildings, totaling 2,984 square feet on a 4,800-square-foot lot. Improvements include updated kitchens, bathrooms, flooring, interiors, and exterior work. The rear building is two stories with one unit on each floor. Gas and electricity are separately metered. All six units are occupied, including the recently leased final vacancy at $1,793 per month. The property offers approximately $9,480 in remaining annual rent upside based on current pro forma assumptions. At $188,167 per unit, the investment combines renovated physical condition, fully occupied income, and a manageable path to additional rental income. Located near USC and Exposition Park.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Interior

Laundry None

Exterior

Pool None

Building

Water District - Public

Others

Tax ID 5019015012

Special Listing Condition Not Applicable

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Sharad Gupta
Sharad Gupta

Broker License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA 95054, USA

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517 W 42nd

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