748 E 42ND Street, Los Angeles, CA, 90011

The Subject property is a part of a 5-property portfolio, which is a true value-add investment opportunity located throughout Los Angeles totaling 24 units; the properties are located among South Park and South Los Angeles neighborhoods. The subject properties present an impressive unit mix throughout consisting of 22 one-bedrooms and 2 two-bedrooms; the majority of the units are currently at below market rents offering an investor a true value-add opportunity and the chance to increase cash flow dramatically through renovations. The portfolio is being offered at a low price per unit of $150,417 blended; significant loss-to-lease of over 43%. With current rents below market and the subject properties being just 4-6 units, unit turnover and the achievement of market rents over time will dramatically increase the income and value of each property on an individual basis.Each subject property is located within densely populated submarkets of Los Angeles with rising rents year-over-ye

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Main Property Features

Listing Number: 20543770

Property Type:
Other
Lot Size
  • Land Area Acres: 0.000000000000
Approx year built:
1956
Additional
  • Aged Community (Y/N): No
Home Owners Assoc Fee:
0
Zoning:
LAR2
Unit Total:
6
Parking:
Uncovered
MLS Area:
Downtown L.A.
APN No:
5115005004
Address
  • County: Los Angeles
  • Directions: Destination will be on the right on East 42nd Street.
  • Property Location: Los Angeles
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Courtesy Of
Neema Ahadian
Marcus & Millichap


Neema Ahadian

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Property Location