
Courtesy of: Alexandro Colombo, Keller Williams Coastal Prop., info@colombocre.com
$1,190,000
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4 bed
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6.00 Bath (6 Full)
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Lot: 0.11 Acres
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Apartment
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$1,190,000
517 W 42nd 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. Alexandro Colombo Managing Director | KW Commercial Direct line: | 6621 E Pacific Coast Hwy, Suite 150 Long Beach, CA 90803 DRE 01927702
Courtesy of: Alexandro Colombo, Keller Williams Coastal Prop., info@colombocre.com
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