# 517 W 42nd, Los Angeles, CA 90037 > **TL;DR:** 4bd/6ba multi-family, $1,129,000, built 1924. Est. $6,038/mo. Listed 90 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,129,000 | | Bedrooms | 4 | | Bathrooms | 6 full | | Year Built | 1924 | | Lot Size | 4,800 sqft (0.11 acres) | | Stories | 2 | | Property Type | Multi-Family (Apartment) | | Status | Active | | Days on Market | 90 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $5,709 | | Estimated Insurance | $329 | | **Total** | **$6,038** | ## Property Highlights - Built in 1924 - 0.11 acre lot - 2 stories ## Description ### Agent Description NEW PRICE: $1,129,000 | 5.96% CURRENT CAP | $188,167 PER UNIT 517 W. 42nd Place is a fully occupied, renovated six-unit multifamily property in Los Angeles, offered at $1,129,000. At the new asking price, the property delivers a 5.96% current cap rate and 10.15 GRM, with approximately $111,200 in annual scheduled gross income. Renovated in 2020, the property consists of four one-bedroom units and two studios across two buildings, totaling 2,984 square feet on a 4,800-square-foot lot. Improvements include updated kitchens, bathrooms, flooring, interiors, and exterior work. The rear building is two stories with one unit on each floor. Gas and electricity are separately metered. All six units are occupied, including the recently leased final vacancy at $1,793 per month. The property offers approximately $9,480 in remaining annual rent upside based on current pro forma assumptions. At $188,167 per unit, the investment combines renovated physical condition, fully occupied income, and a manageable path to additional rental income. Located near USC and Exposition Park. Contact listing broker for the Offering Memorandum, rent roll, and property tours Alexandro Colombo Managing Director | KW Commercial Direct line: | 6621 E Pacific Coast Hwy, Suite 150 Long Beach, CA 90803 DRE 01927702 ## Location - **Address:** 517 W 42nd, Los Angeles, CA 90037 - **County:** Los Angeles ## Virtual Tour & Media - **Video Tour:** https://www.youtube.com/watch?v=sSc7uyMXwwY ## Listing Agent - **Name:** Alexandro Colombo · **License:** 01927702 - **Brokerage:** Keller Williams Coastal Properties - **Broker Phone:** (562) 961-1400 ## Photos ![517 W 42nd - Photo 1](http://lh.rdcpix.com/6240c0ef9a70bf6e71bb0862d00fe527l-f3233955901r.jpg) ![517 W 42nd - Photo 2](http://lh.rdcpix.com/6240c0ef9a70bf6e71bb0862d00fe527l-f1744547371r.jpg) ![517 W 42nd - Photo 3](http://lh.rdcpix.com/6240c0ef9a70bf6e71bb0862d00fe527l-f3941115221r.jpg) ![517 W 42nd - Photo 4](http://lh.rdcpix.com/6240c0ef9a70bf6e71bb0862d00fe527l-f2285311739r.jpg) ![517 W 42nd - Photo 5](http://lh.rdcpix.com/6240c0ef9a70bf6e71bb0862d00fe527l-f3557297597r.jpg) ![517 W 42nd - Photo 6](http://lh.rdcpix.com/6240c0ef9a70bf6e71bb0862d00fe527l-f3931069366r.jpg) ![517 W 42nd - Photo 7](http://lh.rdcpix.com/6240c0ef9a70bf6e71bb0862d00fe527l-f3865485348r.jpg) ![517 W 42nd - Photo 8](http://lh.rdcpix.com/6240c0ef9a70bf6e71bb0862d00fe527l-f635681365r.jpg) ![517 W 42nd - Photo 9](http://lh.rdcpix.com/6240c0ef9a70bf6e71bb0862d00fe527l-f2402331489r.jpg) ![517 W 42nd - Photo 10](http://lh.rdcpix.com/6240c0ef9a70bf6e71bb0862d00fe527l-f3704686250r.jpg) ![517 W 42nd - Photo 11](http://lh.rdcpix.com/6240c0ef9a70bf6e71bb0862d00fe527l-f3319549067r.jpg) ![517 W 42nd - Photo 12](http://lh.rdcpix.com/6240c0ef9a70bf6e71bb0862d00fe527l-f2362978081r.jpg) ![517 W 42nd - Photo 13](http://lh.rdcpix.com/6240c0ef9a70bf6e71bb0862d00fe527l-f210510525r.jpg) ![517 W 42nd - Photo 14](http://lh.rdcpix.com/6240c0ef9a70bf6e71bb0862d00fe527l-f1630198924r.jpg) ![517 W 42nd - Photo 15](http://lh.rdcpix.com/6240c0ef9a70bf6e71bb0862d00fe527l-f2862005773r.jpg) --- **MLS#:** PW26183901 | **Updated:** 2026-10-31 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/517-w-42nd-los-angeles-ca-90037-2f96f601cf234c1394d8bdda5546acf4) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/517-w-42nd-los-angeles-ca-90037-2f96f601cf234c1394d8bdda5546acf4#listing", "url": "https://www.propertysimple.ai/listing/517-w-42nd-los-angeles-ca-90037-2f96f601cf234c1394d8bdda5546acf4", "name": "517 W 42nd, Los Angeles, CA 90037", "description": "NEW PRICE: $1,129,000 | 5.96% CURRENT CAP | $188,167 PER UNIT 517 W. 42nd Place is a fully occupied, renovated six-unit multifamily property in Los Angeles, offered at $1,129,000. At the new asking price, the property delivers a 5.96% current cap rate and 10.15 GRM, with approximately $111,200 in annual scheduled gross income. Renovated in 2020, the property consists of four one-bedroom units and two studios across two buildings, totaling 2,984 square feet on a 4,800-square-foot lot. Improvements include updated kitchens, bathrooms, flooring, interiors, and exterior work. The rear building is two stories with one unit on each floor. Gas and electricity are separately metered. All six units are occupied, including the recently leased final vacancy at $1,793 per month. The property offers approximately $9,480 in remaining annual rent upside based on current pro forma assumptions. At $188,167 per unit, the investment combines renovated physical condition, fully occupied income, and a manageable path to additional rental income. Located near USC and Exposition Park. 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