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1401 W 42nd Place

Los Angeles, CA 90062

– beds
– baths
– sqft
5,955 sqft lot
2018 build
– on site

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; Two units with 5 bedrooms and 3 bathrooms, Two units with 4 bedrooms and 2 bathrooms, total of 4 units. 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 18 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!

Listed By CRMLS_CA / Jonathan Park / Paradise Realty / 7147942489

Last checked: Checking… • Last updated Mar 15, 2025 •

MLS# RS25056468 —

This property is listed in more than one place. See it here.

The Building

Year Built:

2018
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

5952.00
Building Area Units:

Square Feet
Total Number Of Units:

4
# of Buildings:

2
Stories Total:

2
Entry Level:

1
Accessibility Features:

Parking
Common Walls:

No Common Walls
# of Separate Gas Meters:

4
# of Separate Water Meters:

4
# of Separate Electric Meters:

4

Interior

Features:

Open Floorplan, Quartz Counters, Recessed Lighting
Levels:

Two
Entry Location:

Ground
Flooring:

Laminate
Room Type:

Kitchen, Laundry, Living Room, Walk-In Closet
Fireplace:

No
Fireplace:

None
Laundry:

Gas Dryer Hookup, In Closet, Inside, Washer Hookup
Laundry:

1

Location

Directions:

Normandie Ave & 42nd Pl
Latitude:

34.00620500
Longitude:

-118.30052200

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Zoning:

LARD1.5
Lot Features:

2-5 Units/Acre, Level with Street
Lot Size Area:

5955.0000
Lot Size Acres:

0.1367
Lot Size SqFt:

5955.00
Lot Size Source:

Assessor
View:

None
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

2316.01
Tax Area:

212
Tax Tract:

PITC
Tax Lot:

20

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5021016050
Showings Begin:

2025-03-14

Heating & Cooling

Heating:

1
Heating:

Central

Utilities

Utilities:

Cable Available, Natural Gas Connected, Phone Available, Water Connected
Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Dishwasher, Gas Range, Water Heater
Included:

Yes

The Community

Features:

Curbs, Sidewalks, Storm Drains, Street Lights
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Driveway, Private
Parking Spaces:

8.00
Carport Spaces:

8.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
3/14/25 Mar 14, 2025	Listed / Active	CRMLS_CA	$2,600,000
8/30/23 Aug 30, 2023	Price Changed	BRIDGE
8/8/23 Aug 8, 2023	Listed / Active	BRIDGE

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This multifamily located in South LA, Los Angeles, CA 90062 is currently for sale for $2,600,000. 1401 W 42nd Place is a – square foot multifamily with – beds and – baths that has been on Estately for 12 days. 1401 W 42nd Place is in the South LA neighborhood of Los Angeles and has a WalkScore® of 75, making it very walkable. This multifamily is in the attendance area of Manual Arts Senior High School, Barack Obama Global Preparation Academy, and Normandie Avenue Elementary School.

Listing Courtesy of: CRMLS_CA and Paradise Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 06:31 on Mar 26.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.