1401 W 42nd PL Los Angeles, CA 90062
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID RS25056468
HOA Y/N No
Year Built 2018
Lot Size 5,954 Sqft
Property Sub-Type Quadruplex
Property Description
This exceptional multi-unit investment property, built in 2019, offers 5,953 sq. ft. of living space in a prime location near DTLA. The property consists of four spacious units; Two units with 5 bedrooms and 3 bathrooms, Two units with 4 bedrooms and 2 bathrooms, total of 4 units. Conveniently located just 1.5 miles from USC (a 5-minute drive) and 4 miles from the LA Convention Center (a 10-minute drive), this property is ideal for renters seeking proximity to key city hubs. With 18 bedrooms and 12 bathrooms, this well-maintained and professionally managed property offers high-income potential in one of LA's most sought-after rental markets. Additionally, its prime location ensures a steady influx of tenants, thanks to the abundance of nearby job opportunities and prestigious educational institutions. Beyond its investment value, this property offers the perfect work-life balance—providing residents easy access to LA's vibrant business districts, entertainment, dining, and cultural attractions. Furthermore, its prime location presents future redevelopment opportunities, making it an excellent choice for investors looking for both strong rental returns and long-term appreciation. Don't miss out on this outstanding opportunity—schedule a viewing today!
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD1.5
Interior
Interior Features Open Floorplan, Quartz Counters, Recessed Lighting, Walk-In Closet(s)
Heating Central
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Range, Water Heater
Laundry Washer Hookup, Gas Dryer Hookup, Inside, Laundry Closet
Exterior
Parking Features Driveway, Private
Carport Spaces 8
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Utilities Available Cable Available, Natural Gas Connected, Phone Available, Water Connected
View Y/N No
View None
Accessibility Parking
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre, Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5021016050
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
GET MORE INFORMATION