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 efficiency, and the sunlit interior due to its south-facing aspect make it a remarkable opportunity for both homeowners and investors alike. Figure for net operating income is just Gross Yearly income Proforma figure without any expenses taken out.
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 efficiency, and the sunlit interior due to its south-facing aspect make it a remarkable opportunity for both homeowners and investors alike. Figure for net operating income is just Gross Yearly income Proforma figure without any expenses taken out.
Property Details
Price:
$2,280,000
MLS #:
OC25183557
Status:
Active
Baths:
0
Address:
1401 W 42nd Place
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
c36metropolitansouthwest
City:
Los Angeles
Listed Date:
Aug 10, 2025
State:
CA
ZIP:
90062
Lot Size:
5,953 sqft / 0.14 acres (approx)
Year Built:
2018
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Schools
Interior
Exterior
Community Features
Sidewalks
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address1401 W 42nd Place Los Angeles CA
- AreaC36 – Metropolitan Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90062
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1401 W 42nd Place
Los Angeles, CA
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