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.
Property Details
Price:
$1,190,000
MLS #:
PW26183901
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
c34losangelessouthwest
Listed Date:
Aug 21, 2026
Total Sq Ft:
2,984
Lot Size:
4,800 sqft / 0.11 acres (approx)
Year Built:
1924
See this Listing
Schools
Interior
Laundry Features
NO
Exterior
Common Walls
NCW
Community Features
SDW, SL, URB
Financial
Maintenance Fee
$5,511
Map
Community
- Address517 W 42nd Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90037
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Aug 31, 2026
8,072
Single Family Listed
87
Avg DOM
428
Avg $ / SqFt
$1,560,155
Avg List Price
Property Summary
- 517 W 42nd Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90037. It is listed for $1,190,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1924. The average price per square foot for Single Family listings in Los Angeles is $428. The average listing price for Single Family in Los Angeles is $1,560,155.
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Courtesy of Keller Williams Coastal Prop.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.517 W 42nd
Los Angeles, CA