Listing Detail

IAG

1200 W 42Nd St, Los Angeles, CA 90037

1200 W 42nd St-700p.jpg

PROBATE SALE, Subject to Court Confirmation and Overbidding. For sale after 45 years! A multi-family investment opportunity in one of the fastest growing neighborhoods in Los Angeles! This property has brand new roof and upgraded electrical system in early 2019. Each unit is separately metered for electricity and gas. Both units have 2 bedrooms and 1 bathroom with long-term tenants on a month-to-month tenancy. Current rent is $1,324.00 per month for 1200 42nd St and $655.64 per month for 4211 Budlong Ave.

Property is SOLD "AS IS" and "WHERE IS". Seller is a Court-Appointed Fiduciary and cannot make any representations as to the condition and history of the subject property. Buyer to conduct their own investigations.

Property Highlights
Street 1200 W 42Nd St
City Los Angeles
State CA
Zip 90037
Status Available
Property Type Multi-family
Asking Price $749,000
Year Built 1920
Building Sq Ft 1,782
Number of units 2
CAP Rate 1.62
GRM 31.54
Value per unit $374,500
Value per Square Feet $420.31
Broker Name Vinny Jain
Telephone 310-207-2288
Email sales@iagpm.com
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