Address
837 W 42Nd Place Los Angeles, CA
Price
$ 2,100,000
Property Attributes
- MLS#21677576
- TypeIncome
- CountyLOS ANGELES
- CityLos Angeles
- AreaLos Angeles Southwest
- Zip90037
- Style
- Price$ 2,100,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7706
- Lot Size7,048 SqFt
Listing Provided Courtesy Of:
Neema Ahadian with Marcus & Millichap.
Property Description
Built in 1927, this 10-unit property totals 7,706 SF and is located in South Los Angeles between W Vernon Ave & W Martin Luther King Blvd just south of Exposition Park & USC, a location providing easy access to Metro Expo Line, the 110 Freeway, and Downtown Los Angeles nightlife, entertainment, restaurants, and employment opportunities.This value-add investment present the investor an opportunity to capture a 19% loss-to-lease, that can achieve a pro forma CAP rate of 6.13% through further renovations when the units turn. The building features a unit mix of 7 one-bedrooms and 3 two-bedrooms, each of the units have dual entrances.The property is being offered at a 12.34 GRM and 4.41% CAP rate on current income. Ease of management as gas and electric are separately metered.Vermont Square is a fast growing, vibrant neighborhood, just southwest of Downtown Los Angeles. The subject property is within walking distance to the University of Southern California, Exposition Park...
| Price History | |
|---|---|
| 1/8/2021 | Listed $2,100,000 |
General Features
| Directions | located in South Los Angeles between W Vernon Ave & W Martin Luther King Blvd just south of Exposition Park & USC |
|---|---|
| Listing Agent | Neema Ahadian - BRE#01346750 |
| Listing Agent State License | 01346750 |
| MLS Area | C34 - Los Angeles Southwest |
| Parking Features | None |
| Price Per Square Foot | 272.51 |
| Special Listing Conditions | Standard |
| Total Units | 10 |
| Zoning | RD2-1 |
Exterior Features
| Building Area Total | 7706.00 |
|---|---|
| Lot Size Acres | 0.1618 |
| Lot Size Area | 7050.0000 |
| Lot Size Square Feet | 7050.00 |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 90037
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of January 17, 2021 6:35 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted.
