Renovated
New
For Sale
$1,040,000
259 W 42ND ST, Los Angeles, CA 90037
The four-unit property is vacant and features updated building systems, replacement windows, stucco, and renovated interiors.
Property Size2,077 SF
Days on Market7
Property Features for 259 W 42ND ST
General Information
Standard status
Active
Size
2,077 SF
Property subtype
MULTI_FAMILY
Additional Details
Multifamily Units
4
Building Details
Building Size
2,077 SF
Year Built
1930
Buildings
1
Listing Agency:
Realty ONE Group United
Listed By:
Luis Amaya · License #01721969
(310) 545-2490
Source:
Rochellemaize
Added: Oct 12
Changed: Oct 17
Last Checked: Oct 16 at 6:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty ONE Group United
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Los Angeles quadplex contains four vacant residences and dates to 1930. Improvements include a new roof, updated plumbing and electrical systems, replacement windows, refreshed stucco, and renovated interiors. One residence has 2 bedrooms and 1 bathroom, with slim shaker cabinetry, Taj Mahal countertops, and modern finishes.
The property is located at 259 W 42nd St in Los Angeles. All four units are vacant, and the building’s improvements span both major systems and interior finishes.
The property is located at 259 W 42nd St in Los Angeles. All four units are vacant, and the building’s improvements span both major systems and interior finishes.
Key Highlights
- Four‑unit quadplex with all units vacant
- Built in 1930
- New roof, updated plumbing and electrical systems, replacement windows, and refreshed stucco
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,702
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,040
$694.0K
Cap Rate 7%
$495,743
$495.7K
Cap Rate 9%
$385,578
$385.6K
Market Conditions
NOI Build-Up for 2,077 SF
Gross rent
$50.8K $24.48/SF
− Vacancy
−$1.3K −$0.61/SF
EGI
$49.6K $23.87/SF
− OpEx
−$14.9K −$7.16/SF
NOI
$34.7K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,040
Cap Rate 7%
$495,743
Cap Rate 9%
$385,578
Alternative Uses
Best Use
Multifamily LT 5
$495.7K
$433.8K – $578.4K
NOI $34,702 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$440.6K
$385.5K – $514.1K
NOI $30,843 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$813.8K
$712.1K – $949.5K
NOI $56,969 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,693
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - The four-unit property is vacant and features updated building systems, replacement windows, stucco, and renovated interiors.
Where is this quadplex located?
The property is located at 259 W 42ND ST Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,040,000.
What are key features of this property?
This property features: Four‑unit quadplex with all units vacant; Built in 1930; New roof, updated plumbing and electrical systems, replacement windows, and refreshed stucco
