517 W 42nd
Los Angeles, CA 90037
4
Bed
6
Bath
4,800Sqft(Lot)
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
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1924Building Area Total: 2984Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 4800 Lot Size Acres: 0.1102 Lot Size Source: Assessor Lot Size Square Feet: 4,800 Lot Description: SixToTenUnitsAcre
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Listing Price Information
Listing Price: $1190000Conventional
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Tax Information
Parcel Number: 5019015012 Tax Lot: 211
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Location Information
Direction: 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. WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 4240 Figueroa Street, Los Angeles, CA, 90037 | $3,999,000 | 1 | 1 | -- | |
| 324 W 50th, Los Angeles, CA, 90037 | $824,000 | 4 | 6 | -- | |
| 1175 Leighton, Los Angeles, CA, 90037 | $4,995,000 | 26 | 26 | -- | |
| 3914 S Normandie Avenue, Los Angeles, CA, 90037 | $1,100,000 | 10 | 5 | -- |
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ByOwner last updated this listing 08/26/2026 @ 01:17
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