About This Home

This 5-bedroom, 5-bathroom multi-family at 259 W 42ND Street in Los Angeles, CA is listed for $1,040,000. Built in 1930, on a 0.11 acres lot.

Key Features

  • Built in 1930
  • 0.11 acre lot

Property Details

1 story
5 full
1930
Listing Description

RARE OPPORTUNITY TO OWN A FULLY VACANT, EXTENSIVELY RENOVATED FOURPLEX IN LOS ANGELES! An exceptional opportunity to own a beautifully remodeled fourplex with all four units delivered 100% vacant! This turnkey property has undergone extensive renovations, including a brand-new roof, updated plumbing and electrical systems, new windows, fresh stucco, and thoughtfully upgraded interiors throughout.

One of the standout units is a beautifully appointed 2-bedroom, 1-bathroom residence, ideal for an owner-occupant, featuring stylish slim shaker cabinetry, elegant Taj Mahal countertops, and thoughtfully selected modern finishes. Enjoy the comfort of a newly renovated home while renting out the remaining three units to help offset your monthly mortgage payments.

For investors, the rare combination of complete vacancy and extensive capital improvements presents an incredible opportunity to establish market rents from day one, without the complications of inherited tenants or costly renovations. The significant upgrades offer peace of mind and minimize anticipated near-term maintenance expenses.

Whether you're looking to house hack by living in one unit and generating income from the other three, or seeking a turnkey multifamily investment with strong rental potential, this property offers exceptional flexibility and long-term upside. Four vacant units, extensive renovations, and the opportunity to live in style while your rental income helps pay the mortgage. A rare find in the Los Angeles market!

Monthly Cost Estimate

$5,562/mo

20% down · 6.5% · 30 years

Principal$752
Interest$4,507
Insurance$303

Estimates only. Actual payments may vary.

Location

259 W 42ND Street

Los Angeles, CA 90037

Property Details

Parking

Driveway

Questions & Answers

This 5-bedroom, 5-bathroom multi-family at 259 W 42ND Street is listed at $1,040,000. The estimated monthly payment is $5,562 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1930, 0.11 acre lot.

This property is listed by Luis Amaya.

LA

Luis Amaya

License 01721969

Agent at Realty ONE Group United

Listed by Realty ONE Group United · Broker phone: (310) 948-0404 · Broker website

MLS# SB26221064· Source: California Regional Multiple Listing Service, Inc· 20 days on PropertySimple

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

259 W 42ND Street, Los Angeles, CA 90037

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