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New Listing
$1,190,000
 $6,388 est/mo Sourced by Back At You

517 W 42nd,Los Angeles, CA 90037

Los Angeles, CA 90037

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Description

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.

Details

MLS #PW26183901
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1924
Days On Site5
Listing Provided ByKeller Williams Coastal Prop. | Alexandro Colombo

Features

SQ Feet2,984
Story(s)2
Units6
Building(s)2
Acreage0.11

Exterior

Lot FeaturesSix To Ten Units Acre

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesStreet Lights, Sidewalks, Urban

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90037
AreaC34 Los Angeles Southwest
Listing VS Median (in 90037)
Price:
$1,190,000
low | high
Med:
$1,422,000
30.504201680672% of Average
sqft:
2,984
low | high
Med:
3,918
18.699731903485% of Average
$ / sqft:
$399
low | high
Med:
$373
56.39897547098% of Average
On site:
5
low | high
Med:
137.5
3.636363636364% of Average
Sourced by Back At You

Market Activity 90037

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Learn More About This Property

Gustavo Macias

Gustavo Macias

Coldwell Banker Commercial

01758792 (626) 523-1730gustavo.macias@cbcinland.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90037
AreaC34 Los Angeles Southwest
Listing VS Median (in 90037)
Price:
$1,190,000
low | high
Med:
$1,422,000
30.504201680672% of Average
sqft:
2,984
low | high
Med:
3,918
18.699731903485% of Average
$ / sqft:
$399
low | high
Med:
$373
56.39897547098% of Average
On site:
5
low | high
Med:
137.5
3.636363636364% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $892K - $1.487M
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
522 W Vernon Avenue Property Photo 1
$1,600,000
522 W Vernon Avenue
Los Angeles, CA 90037
705 W 41ST Drive Property Photo 1
$1,300,000
705 W 41st Drive
Los Angeles, CA 90037
Listing Updated: August 21, 2026 at 10:24:47 PM PDT

Gustavo Macias - Coldwell Banker Commercial Real Estate Solutions