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1401 42nd Place, Los Angeles, CA 90062
Priced at Only: $2,280,000
For more Information Call Mobile: 714.478.6676
Address: 1401 42nd Place, Los Angeles, CA 90062
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  • MLS#: OC25183557 ( Quadruplex )
  • Street Address: 1401 42nd Place
  • Viewed: 2
  • Price: $2,280,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2018
  • Bldg sqft: 0
  • Days On Market: 19
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90062
  • Provided by: Olsen Realty
  • Contact: Douglas Douglas
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    No Rent Control (per zimars site on 8/25/23). $201,600 proforma yearly gross income as estimated. 1031 exchange or buy and use as primary. The standout feature of this property is its premium corner location, situated conveniently close to USC and the Stadium. Comprising of two distinct buildings on the lot, it offers a total of four units. Two of these units are generously sized five bedroom layouts, while the remaining two units consist of comfortable four bedroom layouts. At present, all four units are fully occupied, which makes this property a fantastic investment opportunity. Whether you're seeking a place to call home for yourself or aiming to capitalize on the real estate market, this property is well suited for both scenarios. The interior boasts sleek laminated flooring, ensuring a contemporary and low maintenance aesthetic. Additionally, each unit comes equipped with air conditioning, guaranteeing year round comfort. The inclusion of dual pane windows not only enhances energy efficiency but also contributes to a quieter and more peaceful living environment. One of the property's exceptional attributes is its south facing orientation, which floods the interior spaces with ample natural light. This abundant brightness creates an inviting and vibrant atmosphere, ensuring that each unit feels welcoming and refreshing. In summary, this property's prime corner location, proximity to USC and the Stadium, multiple units with varying bedroom configurations, current full occupancy, modern features like laminated flooring. AC included with dual pane windows for energy efficiency, and the sunlit interior due to its south facing aspect make it a remarkable opportunity for both homeowners and investors alike. Figure for net operating income is just Gross Yearly income Proforma figure without any expenses taken out.
Features
Association Fee
  1. 0.00
Building Area Total
  1. 5952.00
Commoninterest
  1. None
Common Walls
  1. 1 Common Wall
Country
  1. US
Days On Market
  1. 75
Electric Expense
  1. 0.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Laundry Features
  1. Inside
Levels
  1. Two
Lot Features
  1. 2-5 Units/Acre
Netoperatingincome
  1. 201600.00
Parcel Number
  1. 5021016050
Pool Features
  1. None
Postalcodeplus4
  1. 1865
Property Type
  1. Quadruplex
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 445162427:CRM
Totalactualrent
  1. 177360.00
Totalexpenses
  1. 0.00
Trash Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 2018
Year Built Source
  1. Estimated
Zoning
  1. LARD1.5
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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