Date
Details
Price
Change
Source
8/21/2026
Listed
$1,190,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/16
$1,190,000
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1/16
Property Description
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.
Full Property Details
Full Property Details for 517 W 42nd
General
- Price: $1,190,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW26183901
- Updated: 8/21/2026
- Days on Market: 10 days
- Added to Site: 10 day(s) ago
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Location
- Area: C34 - Los Angeles Southwest
- County: Los Angeles
- Development Name: C34 - Los Angeles Southwest
- Driving Directions: From the 110 Fwy, exit Martin Luther King Jr Blvd. Head west on MLK Jr Blvd, north on Figueroa St, then west on W 42nd Pl. Property is located at 517 W 42nd Pl.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 7
- # Electric Meters: 7
Structural Information
- Entry Location: Ground Level
- Square Feet: 2,984
- Year Built: 1924
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.1102
- Lot Size (Sq. Ft.): 4,800
- Lot Size Source: Assessor
- Lot Description: 6-10 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $398.79
- Price Per Unit: 198333
Listed by Keller Williams Coastal Prop., Alexandro Colombo
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Listing agent
— 517 W 42nd —
Alexandro Colombo
Keller Williams Coastal Prop.
310-978-7950
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 517 W 42nd
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Menlo Avenue Elementary School 4156 Menlo Avenue, Los Angeles, CA 90037 | K-5 | 0.4 mi |
Barack Obama Global Preparation Academy 1700 West 46th Street, Los Angeles, CA 90062 | 6-8 | 1.5 mi |
Manual Arts Senior High School 4131 South Vermont Avenue, Los Angeles, CA 90037 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 517 W 42nd
Tax History
Tax History for 517 W 42nd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,839
—
$682,692
2%
2025
$8,839
4%
$669,306
4%
2023
$8,522
5%
$643,318
2%
2022
$8,154
1%
$630,705
2%
2021
$8,045
-1%
$618,339
1%
2020
$8,130
4%
$612,000
2%
2019
$7,832
399%
$600,000
770%
2018
$1,568
4%
$68,978
2%
2017
$1,505
4%
$67,626
2%
2016
$1,443
1%
$66,301
2%
2015
$1,432
-3%
$65,306
2%
2014
$1,479
1%
$64,028
—
2013
$1,464
—
$63,740
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 517 W 42nd
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- Single Family
- Active
- Updated 4 days ago
- 7Beds
- 6Total Baths
- 1,304Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 1Total Bath
- 1,024Sq. Ft.
- Single Family
- Active
- Updated 16 hours ago
- 2Beds
- 1Total Bath
- 832Sq. Ft.
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- Single Family
- Active
- Updated 2 days ago
- 2Beds
- 1Total Bath
- 846Sq. Ft.
- Business
- Active
- Updated 4 days ago
- 2,755Sq. Ft.
- 0.1706Acres
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517 W 42nd, Los Angeles, CA 90037 (MLS# PW26183901) is a Multi-Family property with 6 units containing 0 bedrooms and 0 full bathrooms. 517 W 42nd is currently listed for $1,190,000 and was received on August 21, 2026. Want to learn more about 517 W 42nd? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles Southwest? You can browse all Los Angeles Southwest real estate or contact a Coldwell Banker agent to request more information.