Renovated Six-Unit Apartment
For Sale
$1,149,000
517 W 42nd Pl, Los Angeles, CA 90037
Renovated multifamily property with a mix of one-bedroom and studio units.
Property SizeContact for details
Days on Market56
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Property Features for 517 W 42nd Pl
General Information
Standard status
Active
Property subtype
Residential Income
Financials
Cap Rate
5.77%
Gross Income
$113,618
Gross Rent Multiplier
10.5
Units
Unit Mix
4 x 1BR/1BA, 2 x studio
Multifamily Units
6
Building Details
Year Renovated
2020
Buildings
2
Listing Agency:
Keller Williams Coastal Prop.
(562) 961-1400
Listed By:
Alexandro Colombo · License #01927702
(310) 978-7950
Source:
Exprealty
Added: Aug 21
Changed: Oct 5
Last Checked: Oct 15 at 1:15AM
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 Keller Williams Coastal Prop.
Investment Insights
Based on property information with market context.
This six-unit multifamily property is arranged across two separate buildings and includes four one-bedroom, one-bath units plus two studios. The rear structure contains two larger townhouse-style one-bedroom residences, providing variety within the unit mix.
Renovation work completed in 2020 included kitchens, bathrooms, flooring, interior finishes, and exterior improvements. The property is located just south of USC and Exposition Park. Current operations reflect a 5.77% cap rate and a 10.50 GRM, with approximately 6.2% additional rent upside indicated by the existing rent roll. One renovated one-bedroom unit is currently available for lease.
Renovation work completed in 2020 included kitchens, bathrooms, flooring, interior finishes, and exterior improvements. The property is located just south of USC and Exposition Park. Current operations reflect a 5.77% cap rate and a 10.50 GRM, with approximately 6.2% additional rent upside indicated by the existing rent roll. One renovated one-bedroom unit is currently available for lease.
Key Highlights
- Six‑unit property with four 1BR/1BA units and two studios
- Two separate buildings, including two townhouse‑style one‑bedroom units
- Renovated in 2020 with updated kitchens, bathrooms, flooring, interiors, and exterior improvements
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,892
Businesses Nearby
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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
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Market
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily property with a mix of one-bedroom and studio units.
Where is this apartment building located?
The property is located at 517 W 42nd Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Six‑unit property with four 1BR/1BA units and two studios; Two separate buildings, including two townhouse‑style one‑bedroom units; Renovated in 2020 with updated kitchens, bathrooms, flooring, interiors, and exterior improvements
