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    1056 W 42ND Pl

    Los Angeles, CA 90037
    • $989,000
    • STATUS: Active
    • ON SITE: 120 days
    • ID#: 20-562236
    $989,000
    • 6
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,979
      SQFT
    • $332
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Cash flow opportunity in a well maintained multi-family property conveniently located close to Los Angeles Memorial Coliseum, USC, Manual Arts High School, MLK Elementary, Exposition Park and public transportation. This unique 5-unit property includes 2 duplexes and one single-family structure. Two of the units (1bd/1ba & 2bd/1ba) have been remodeled w/ new kitchens, flooring, waterheater. The building has been partially re-piped w/ copper. Each unit has individual laundry hook-ups and is separately metered for electricity and natural gas. This property also features a larger 6,782 sq ft corner R3 lot for future development (Buyer to verify). Property sold AS-IS. This building is one of the lowest-priced income properties available offering a 5 CAP on current rents!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-10T23:42:31.23. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/104096228
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    1056 W 42ND Pl Los Angeles, CA 90037

    • Price: $989,000
    • Status: Active
    • ID#: 20-562236
    6
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,979
    SQFT
    $332
    $/SQFT
    1924
    Built
    Neighborhood:
    Los Angeles Southwest
    County:
    Los Angeles
    Area:
    Los Angeles Southwest
    Property Description
    Cash flow opportunity in a well maintained multi-family property conveniently located close to Los Angeles Memorial Coliseum, USC, Manual Arts High School, MLK Elementary, Exposition Park and public transportation. This unique 5-unit property includes 2 duplexes and one single-family structure. Two of the units (1bd/1ba & 2bd/1ba) have been remodeled w/ new kitchens, flooring, waterheater. The building has been partially re-piped w/ copper. Each unit has individual laundry hook-ups and is separately metered for electricity and natural gas. This property also features a larger 6,782 sq ft corner R3 lot for future development (Buyer to verify). Property sold AS-IS. This building is one of the lowest-priced income properties available offering a 5 CAP on current rents!
    Exterior Features

    Lot Size Area 6782 Other Structures None Parking Garage None Pool YN No Tennis YN No Total Parking 0

    Interior Features

    Baths Total 6.00 Cooling None Den No Dining Room No Equipment None Family Room No Flooring Mixed Foundation Details Raised Heating Wall

    Property Features

    Gross Income 72432 Gross Operating Income 70259 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 50065.00 Number Of Buildings 3 Number Of Units 5 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 20194 Type Of Units income Zoning Lar3

    Listing provided courtesy of Kourosh Goel DRE#02066181 of Keller Williams-Santa Monica.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-10T23:42:31.23. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355