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… Read More 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. Read Less
Property listed by BRC Advisors- BH, Sam Grayeli
Listing Snapshot
Days Online
14
Last Updated
Beds
6
Square Ft.
5,872
Lot Size
0.17 Acres
Year Built
1939
MLS Number
26666015
Additional Details
Appliances & Equipment
Disposal, GasRange, Refrigerator
Building
Built in 1939, Living area: 5872.0, 1 building, Building faces West, Levels: MultiSplit
Garage
6 spaces
Heating
WallFurnace
Income
Gross Income: $130,773, Net Operating Income: $90,292
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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