517 W 42nd
Property Overview
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.
Home Details
- Property type
- Residential Income - Apartment
- Year built
- 1924
- Lot size
- 4,800 sq ft
- Stories
- 2
- Days on market
- 12
- MLS status
- Active
Features & Amenities
Pool
- None
Lot
- Six To Ten Units Acre
Community, Schools & Utilities
Utilities
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions About 517 W 42nd
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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