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Size: 0.11 Acres
Home: 4 beds - 6 full baths

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Los Angeles, CA

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. Alexandro Colombo Managing Director | KW Commercial Direct line: | 6621 E Pacific Coast Hwy, Suite 150 Long Beach, CA 90803 DRE 01927702

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Source: California Regional Multiple Listing Service, Inc, MLS# PW26183901
Listing status: Active
Listing last updated: September 18, 2026 at 2:40 AM
Listing last checked: September 18, 2026 at 2:31 AM
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