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 in Court. Sale confirmed in Court on Oct. 22, 2020.

For sale after 45 years! A multi-family investment opportunity in one of the fastest-growing neighborhoods in Los Angeles! This property has a 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. The 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 Pending
Property Type Multi-family
Asking Price $395,000
Year Built 1920
Building Sq Ft 1,782
Number of units 2
CAP Rate 1.62
GRM 31.54
Value per unit $197,500
Value per Square Feet $221.66
Broker Name Vinny Jain
Telephone 310-207-2288
Email sales@iagpm.com
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