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1401 W 42nd Place, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath

1401 W 42nd Place, Los Angeles, California 90062 home-pic-0
ACTIVE$2,600,000
1401 W 42nd Place, Los Angeles, California 90062
0Bed
0Bath
5,952Sqft
5,955Lot
Year Built
2018
Close
-
List price
$2.6M
Original List price
$2.6M
Price/Sqft
$437
HOA
-
Days on market
-
Sold On
-
MLS number
RS25056468
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.60M(94th), sqft - 5952(94th), beds - undefined(50th), baths - undefined(50th).

Prime Investment Opportunity Near Downtown Los Angeles! This exceptional multi-unit investment property, built in 2019, offers 5,953 sq. ft. of living space in a prime location near DTLA. The property consists of four spacious units with 5 bedrooms and 3 bathrooms. Conveniently located just 1.5 miles from USC (a 5-minute drive) and 4 miles from the LA Convention Center (a 10-minute drive), this property is ideal for renters seeking proximity to key city hubs. With 20 bedrooms and 12 bathrooms, this well-maintained and professionally managed property offers high-income potential in one of LA’s most sought-after rental markets. Additionally, its prime location ensures a steady influx of tenants, thanks to the abundance of nearby job opportunities and prestigious educational institutions. Beyond its investment value, this property offers the perfect work-life balance—providing residents easy access to LA’s vibrant business districts, entertainment, dining, and cultural attractions. Furthermore, its prime location presents future redevelopment opportunities, making it an excellent choice for investors looking for both strong rental returns and long-term appreciation. Don’t miss out on this outstanding opportunity—schedule a viewing today!

Price History

Date
Event
Price
07/31/19
Sold
$2,000,000
Condition Rating
Excellent
This property was built in 2018, making it only 6 years old. The images confirm that all components, including the kitchens and bathrooms, are new or virtually new. The kitchens feature modern basic cabinetry (both white and black), clean countertops, and new white appliances. Bathrooms are consistent with white vanities, tiled floors, and subway tile shower surrounds, all appearing fresh and well-maintained. Flooring is a mix of new wood-look laminate and tile. There are no signs of deferred maintenance, and the property meets current quality standards, aligning perfectly with the 'Excellent' condition criteria for a recently built property.
Pros & Cons

Pros

Prime Investment Opportunity: This multi-unit property (quadruplex) is explicitly marketed as a prime investment, offering high-income potential, strong rental returns, and long-term appreciation.
Strategic Location: Located near Downtown LA, just 1.5 miles from USC and 4 miles from the LA Convention Center, ensuring a steady influx of tenants from nearby job opportunities and educational institutions.
Modern Construction: Built in 2019, the property benefits from newer construction, implying reduced immediate maintenance concerns and modern appeal to renters.
High Rental Capacity: Comprising four spacious units with a total of 20 bedrooms and 12 bathrooms, it offers significant rental income potential, especially suitable for student housing or co-living.
Future Redevelopment Potential: Its prime location is highlighted as presenting future redevelopment opportunities, adding to its long-term value proposition for investors.

Cons

Absence of Views: The property explicitly states 'view: None,' which may be a drawback for some tenants or buyers seeking scenic city or natural vistas.
Significant Capital Investment: With a list price of $2.6 million, this property represents a substantial financial commitment, potentially limiting the pool of prospective buyers.
Undisclosed Amenities: The description lacks specific details regarding in-unit or common area amenities (e.g., parking, laundry facilities, outdoor spaces), which could be a deciding factor for potential tenants or buyers.

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