Property Detail

Description

NEW PRICE — $1,149,000. 517 W 42nd Place is a renovated six-unit multifamily property located just south of USC and Exposition Park. At the new pricing, the property generates approximately $113,618 in current gross scheduled income, producing a 6.02% current cap rate and 10.14 GRM, with approximately 6.2% additional rent upside. Renovated in 2020 with updated kitchens, bathrooms, flooring, interiors, and exterior improvements. The unit mix consists of four 1BR/1BA units and two studios across two buildings, including two larger townhouse-style one-bedroom units in the rear structure. Recent property cleanup includes repaired perimeter fencing and refreshed common areas. $191,500/unit. OM, rent roll, and financials available upon request. Contact listing broker for showing instructions.