23
See all 23 photos
$2,280,000
Est. payment /mo
18 Beds
12 Baths
New
1401 W 42nd Place Los Angeles, CA 90062
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25183557
Bedrooms 18
Property Sub-Type Res Income 2-4 Units
Property Description
No Rent Control (per zimars site on 8/25/23). $201,600 proforma yearly gross income as estimated. 1031 exchange or buy and use as primary. The standout feature of this property is its premium corner location, situated conveniently close to USC and the Stadium. Comprising of two distinct buildings on the lot, it offers a total of four units. Two of these units are generously sized five-bedroom layouts, while the remaining two units consist of comfortable four-bedroom layouts. At present, all four units are fully occupied, which makes this property a fantastic investment opportunity. Whether you're seeking a place to call home for yourself or aiming to capitalize on the real estate market, this property is well-suited for both scenarios. The interior boasts sleek laminated flooring, ensuring a contemporary and low-maintenance aesthetic. Additionally, each unit comes equipped with air conditioning, guaranteeing year-round comfort. The inclusion of dual-pane windows not only enhances energy efficiency but also contributes to a quieter and more peaceful living environment. One of the property's exceptional attributes is its south-facing orientation, which floods the interior spaces with ample natural light. This abundant brightness creates an inviting and vibrant atmosphere, ensuring that each unit feels welcoming and refreshing. In summary, this property's prime corner location, proximity to USC and the Stadium, multiple units with varying bedroom configurations, current full occupancy, modern features like laminated flooring. AC included with dual-pane windows for energy effic
Location
State CA
County Los Angeles
Zoning Estimated
Direction Normandie + W Martin Luther King Jr. Blvd
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 5021016050
Listed by Douglas Olsen Olsen Realty