$1,190,000

517 W 42nd, Los Angeles, CA 90037

2 beds |
4 baths

Multi-Family Home
Built in ——
4,800sqft lot
—— car garage
$——/sqft
Listed 2 days ago

Property 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.

Listing Status:: Active
Date Added:: August 21, 2026
Data Last Updated:: August 24, 2026 at 2:13PM
Listing Office:: Keller Williams Coastal Prop. : 562-961-1400
Listing Agent:: Alexandro Colombo : 310-978-7950
MLS ID:: PW26183901

Pool: N/K

Originating MLS: California Regional MLS
County: Los Angeles

Zoning: Other5019015012

Source: California Regional MLS

This listing courtesy of Alexandro Colombo , Keller Williams Coastal Prop.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.