259 W 42nd Street, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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259 W 42nd Street
Los Angeles, California 90037
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,077Sq Ft
4,801Lot Size
Property Price
LIST PRICE$1,040,000
EST. MARKET VALUE
$1,037,855
SUMMARY
This Turnkey Quadruplex represents a High-Potential Investment Opportunity, listed at $1,040,000—positioned well below the $1,037,856 Fair Market Value (effectively priced at market). Featuring an Extensive Renovation including a new roof and modern interiors, this property maintains a Mint Condition Rating. The 100% vacancy allows for immediate market-rate leasing or owner-occupancy. This asset is perfectly suited for Buy-and-Hold Investors seeking stable cash flow or Owner-Occupants looking to house hack in a fully modernized, low-maintenance Los Angeles multifamily residence.
Estimated Market Value
$1,037,855
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 259 W 42nd Street Subject 0 bd · 0 ba · 2,077 sqft · $500 | $1,040,000* List Price | 0 | 0 | 2,077 | $500 | - |
A 420 W 53rd Sold 0 bd · 0 ba · 1,893 sqft · $497 · 0.9 mi | $940,000 | 0 | 0 | 1,893 | $497 | 0.9 mi |
B 326 -328 W 47th Sold 0 bd · 0 ba · 1,738 sqft · $532 · 0.4 mi | $925,000 | 0 | 0 | 1,738 | $532 | 0.4 mi |
C 961 W 47th Street Sold 0 bd · 0 ba · 2,772 sqft · $391 · 0.8 mi | $1,085,000 | 0 | 0 | 2,772 | $391 | 0.8 mi |
D 232 W 40th Place Active 7 bd · 4 ba · 2,060 sqft · $558 · 0.2 mi | $1,150,000 List Price | 7 | 4 | 2,060 | $558 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
This property is an extensively renovated fourplex in mint, turnkey condition. It features a brand-new roof, updated plumbing and electrical systems, new windows, and fresh stucco. The interiors are completely modernized with new flooring, recessed lighting, slim shaker cabinetry, and Taj Mahal countertops, meeting the criteria for a recent high-end renovation with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- 100% Vacancy Delivery
The property is delivered fully vacant, a rare and highly valuable feature in Los Angeles that allows an investor to immediately set market-rate rents or an owner-occupant to move in without tenant relocation hurdles.
- Extensive Turnkey Renovations
Significant capital improvements, including a new roof, updated plumbing and electrical, new windows, and high-end interior finishes like Taj Mahal countertops, minimize immediate maintenance costs and attract premium tenants.
- High Investment Versatility
The configuration is ideal for 'house hacking,' allowing an owner to live in the renovated 2-bedroom unit while utilizing the rental income from the other three units to significantly offset the mortgage.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4801, other record lot size in square feet = 4585. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2077, other record living area = 2992.
- Compact Living Spaces
With only 2,077 total square feet across four units, the average unit size is approximately 519 square feet, which may limit the appeal for larger families or tenants seeking more spacious accommodations.
- Limited Lot and Parking Space
The 4,801 square foot lot is relatively small for a fourplex, likely resulting in constrained on-site parking options and minimal private outdoor space for the residents.
About 259 W 42nd Street
RARE OPPORTUNITY TO OWN A FULLY VACANT, EXTENSIVELY RENOVATED FOURPLEX IN LOS ANGELES! An exceptional opportunity to own a beautifully remodeled fourplex with all four units delivered 100% vacant! This turnkey property has undergone extensive renovations, including a brand-new roof, updated plumbing and electrical systems, new windows, fresh stucco, and thoughtfully upgraded interiors throughout. One of the standout units is a beautifully appointed 2-bedroom, 1-bathroom residence, ideal for an owner-occupant, featuring stylish slim shaker cabinetry, elegant Taj Mahal countertops, and thoughtfully selected modern finishes. Enjoy the comfort of a newly renovated home while renting out the remaining three units to help offset your monthly mortgage payments. For investors, the rare combination of complete vacancy and extensive capital improvements presents an incredible opportunity to establish market rents from day one, without the complications of inherited tenants or costly renovations. The significant upgrades offer peace of mind and minimize anticipated near-term maintenance expenses. Whether you're looking to house hack by living in one unit and generating income from the other three, or seeking a turnkey multifamily investment with strong rental potential, this property offers exceptional flexibility and long-term upside. Four vacant units, extensive renovations, and the opportunity to live in style while your rental income helps pay the mortgage. A rare find in the Los Angeles market!
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1930
- Lot Size
- 4,801 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,077 | 2,090.331 |
| Lot Size | 4,801 | 5,852.908 |
| Price | $1.04M | $830.9K |
| Price per sq ft | $501 | $394 |
| Built year | 1930 | 1928 |
| HOA | $0 | $0 |
| Days on market | 28 | 87 |
Pricing History
Listed for Sale
Oct 12, 2026
$1,040,000
Initial Listing
Sold
Sep 24, 2002
$335,000
Public Record
Sold
Apr 12, 2002
$160,000
Public Record
Sold
Oct 16, 2000
$296,000
Public Record
Sold
Apr 4, 2000
$135,000
Public Record