$ 1,295,000
-
$1,295,000
Price -
6
Bed -
6
Bath -
5,872
SqFt
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About the Listing CLW-X82405 - CLW-C124753,CLW-C105332
2601 W. 42nd St. presents the opportunity to acquire a well-maintained 6-unit apartment building located in a desirable Los Angeles neighborhood. Situated on a 7,369 square foot corner lot at the intersection of W. 42nd St. and 4th Ave., the property offers strong curb appeal, practical unit layouts, and attractive in-place fundamentals that support long-term investor value. The property consists of six spacious 1-bedroom / 1-bath units totaling approximately 5,872 rentable square feet. The uniform unit mix provides operational simplicity, while the generous floorplans appeal to a broad tenant base seeking functional living space in an established rental market. Current ownership has completed several notable capital improvements, including new roof (2026), new exterior paint, upgraded exterior lighting, updated building and unit numbers, and interior remodeling of five out of the six units. These upgrades enhance both the physical presentation of the asset and its overall tenant appeal, while reducing near-term capital expenditure needs for a new owner. The property also benefits from a highly efficient expense structure, as it is separately metered for water and gas, and features residential trash service paid directly by tenants. In addition, the building offers six single-car garages, a valuable amenity that provides convenience for tenants and further strengthens the property's rental appeal. With its corner parcel location, remodeled unit interiors, strong utility setup, and garage parking, 2601 W. 42nd St. offers investors the opportunity to acquire a stable multifamily asset with both immediate income characteristics and long-term upside potential.
Listing Highlights
Status
Active
Days on Site
18
Property Type
Multi-Family
MLS ®
26666015
Year Built
1939
Total Square Footage
5,872
Lot/Acreage
0.17
County
Los Angeles
Interior Details
- Bedrooms: 6
- Bathrooms: 6 Full
- Appliances: Disposal, Gas Range, Refrigerator
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s)
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 6 car
- Parking Spaces: 6
- Zoning: LAR3
- Roof:
- Others: 2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5023022013
- Tax Year: N/A
Payment Calculator
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Questions About..
2601 W 42nd St Los Angeles, CA 90008
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