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$775,000

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
See This Home
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Historic Los Angeles District Triplex. Situated adjacent to Exposition Park, University Park, and minutes from DTLA, this property offers an exceptional opportunity to expand your income property portfolio in a rapidly evolving neighborhood. The triplex features three spacious units totaling over 2,600 sq. ft. of living space on a 5,000+ sq. ft. lot: Unit #1: 3 bedrooms / 1 bath. Unit #2: 2 bedrooms / 1 bath. Unit #3: 1 bedroom / 1 bath. Centrally located near shopping, dining, entertainment, and major freeways/public transit, the property is just 7 minutes from USC and close to some of LA's most iconic attractions: LAFC Stadium, LA Memorial Coliseum, Natural History Museum, Rose Garden, Crypto.com Arena, and more. Each unit has separately metered gas and electric, providing convenience and income efficiency. Recent upgrades include: New roof, asphalt shingles, flashing, and roof vents. Fresh exterior paint on front units. Tankless water heaters. New insulation, James Hardie siding, and GM windows in the back unit. All work completed with permits. This property is ideal for investors seeking stable rental income with the upside of long-term neighborhood growth.

Full Property Details for 721 E 42nd Pl.

General

  • Price: $775,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 25595133
  • Updated: 12/28/2025
  • Added to Site: 119 day(s) ago

Interior

  • Cooking Appliances: None

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Additional Information

  • Pool Description: None
  • Spa Description: None
  • Other Features: None

Parking

  • Garage Description: Driveway

Location

  • Area: Downtown L.A.
  • County: Los Angeles
  • Cross Streets: Avalon Blvd & McKinley Ave
  • Driving Directions: Head South on Avalon make a left at 42nd Place property is located on the left hand side.
  • Direction Faces: South

School Information

  • School District: Los Angeles Unified

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Other

Utilities

  • Sewer: In Street
  • Water: District

Structural Information

  • # Buildings: 2
  • Basement Desc.: None
  • Foundation: None
  • Roof: Asphalt
  • Stories/Levels: 2
  • Square Feet: 2,629
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1906
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 3
  • Unit Type: 2106, 2107, 2108

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 1

Additional Structures

  • Other Structures: None

Lot Features

  • Property View: City Lights
  • Lot Size (Acres): 0.1189
  • Lot Size: 5180
  • Lot Size Source: Vendor Enhanced
  • Irrigation System: None
  • Zoning: LAR2

Financial Considerations

  • Price Per Sq. Ft.: $294.79
  • Assessment Year: 1906

Disclosures and Reports

  • Disclosures/Reports: None
  • APN: 5115-005-013

Listed by Christie's International Real Estate SoCal, Aaron Mejia

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Listing agent

— 721 E 42nd Pl. —

  • Aaron Mejia

    Christie's International Real Estate SoCal

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 721 E 42nd Pl.

School District:Los Angeles Unified School District
NameGradesDistance
Harmony Elementary School, Los Angeles, CA
899 East 42nd Street, Los Angeles, CA 90011
PK-50.2 mi
George Washington Carver Middle School
4410 McKinley Avenue, Los Angeles, CA 90011
7-80.3 mi
Nava College Preparatory Academy
1319 East 41st Street, Los Angeles, CA 90011
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 721 E 42nd Pl. Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/24/2025
Price Reduced
$775,000
-3.11%
MLS
9/19/2025
Listed
$799,900
87.11%
MLS
12/01/2021
Sold
$427,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 721 E 42nd Pl.

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,223
4%
$245,168
4%
2023
$3,097
-6%
$235,650
-10%
2022
$3,308
1%
$261,060
2%
2021
$3,263
404%
$255,942
678%
2020
$647
3%
$32,902
2%
2019
$631
11%
$32,258
2%
2018
$569
2%
$31,626
2%
2017
$557
5%
$31,007
2%
2016
$530
1%
$30,400
2%
2015
$525
-3%
$29,945
2%
2014
$541
—
$29,359
—
2013
$541
—
$29,227
—
View All
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 for 721 E 42nd Pl.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Christie's International Real Estate SoCal, Aaron Mejia

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721 E 42nd Pl, Los Angeles, CA 90011 (MLS# 25595133) is a Multi-Family property with units containing 5 bedrooms and 0 full bathrooms. 721 E 42nd Pl is currently listed for $775,000 and was received on September 19, 2025. Want to learn more about 721 E 42nd Pl? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.

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