Multifamily

517 W 42nd Pl, Los Angeles, CA 90037

1,129,000

6

Number of Units

5.96

%
Cap Rate

1924

Year Built
Listing Agent

Alexandro Colombo

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6 Renovated Units | Fully Occupied | 5.96% Current Cap | $188K/Unit

NEW PRICE: $1,129,000. Fully occupied, renovated six-unit multifamily property offered at $188,167 per unit, with a 5.96% current cap rate and 10.15 GRM. The property consists of four one-bedroom units and two studios across two buildings, totaling 2,984 SF on a 4,800 SF lot. Renovated in 2020 with updated kitchens, bathrooms, flooring, interiors, and exterior improvements. The two-story rear building contains one unit per floor. Gas and electricity are separately metered. All six units are leased, including the recently leased final vacancy at $1,793/month. Annual gross scheduled income is approximately $111,200, with $9,480 in remaining annual rent upside based on pro forma assumptions.

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Listing Agent

Alexandro Colombo

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