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2,984 sqft

$1,129,000

517 W 42nd, Los Angeles CA, 90037

Price per sqft$378.35
Built in1924
Property size2,984 sqft
Property typeCondominium
Listed by Alexandro Colombo CA DRE# 01927702 with Keller Williams Coastal Prop. 310-978-7950

Overview

Active

Listed Aug 21, 2026

Updated 4h ago

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.

$7,511/mo

Est. mortgage payment based on a $1,129,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PW26183901

Interior Features

Basement
No

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Maintenance Expense
$5,511
55+/Senior Community
No
MLS provider logo

Listed by Alexandro Colombo CA DRE# 01927702 with Keller Williams Coastal Prop. 310-978-7950

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/16/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/16/2026 at 7:02 PM UTC Last Checked: 7:02 PM UTC

 

 

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