#CV25044807, Oscar Isidro Morales Limon, Listing Office: OPTION ONE REALTY & INVESTMENT
#RS25056468·
Listing office: Paradise Realty·
Listing agent: Jonathan Park·
Listing office phone: 7147942489
$2,600,000 List price
1401 W 42nd Pl Los Angeles, CA 90062
0.1 acres
Multi-Family
Property details
About 1401 W 42nd Pl
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 with 5 bedrooms and 3 bathrooms. 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 20 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!
Highlights
Home typeQuadruplex
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.1367 Acres
Year built2018
ParkingDriveway, Private
MLS #RS25056468
Summary
- Appliances: Dishwasher, Gas Range, Water Heater
- Flooring Type: Laminate
- Interior: Open Floorplan, Quartz Counters, Recessed Lighting, Walk-In Closet(s)
- Fireplace: None
- Private Pool: No
- Parking: Driveway, Private
- Heating: Central
- Cooling: Central Air
- List Price: $2,600,000
- Annual Tax Amount: $26,442
- Tax Year: 2024
- Directions: Normandie Ave & 42nd Pl
- Year Built: 2018
- Stories: 2
- Lot Size: 0.1367 Acres
- MLS Number: RS25056468
- MLS Name: CRMLS
- Office Name: Paradise Realty
- Office Phone: (714) 794-2489
- Listing Agent: Jonathan Park
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2025, 12:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,600,000
1401 W 42nd Pl
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,144,401 | $26,442 |
| 2023 | $2,102,355 | $25,935 |
| 2022 | $2,061,133 | $24,736 |
| 2021 | $2,020,720 | $24,413 |
| 2020 | $2,000,000 | $- |
History based on county public records data.
Nearby schools
5
Normandie Avenue Elementary School
Public District PK-5
0.2 mi
•4505 S Raymond Ave
3
Kipp Vida Preparatory Academy
Public Charter KG-4
0.3 mi
•4410 S Budlong Ave
4
King Jr. Elementary School
Public District KG-5
0.6 mi
•3989 S Hobart Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,127. Most Los Angeles, CA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
43%
<35k
44%
35k-100k
9%
100k-200k
4%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
40%
Single, No Kids
23%
Single, with Kids
14%
Married, No Kids
23%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
9%
12-17 yrs old
26%
18-34 yrs old
38%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Major League Soccer (MLS)
Pro Boxing
Where do the neighbors shop?
Foot Locker
Ross Dress For Less
H&M
Where do the neighbors go to eat?
Little Caesars
Jack In The Box
Popeyes
What do the neighbors drive?
Dodge
Nissan
Kia
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 1401 W 42nd Pl in Los Angeles, CA and zip code 90037 in the South LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 15, 2025 and is currently priced at $2,600,000.
Over 302 listings were sold over their listed price in March 2025 in Los Angeles, CA. In the same period over 322 listings were sold below the listed price and 116 listings were sold for the listed price. The number of homes for sale in Los Angeles, CA increased by 13.7% between February and March 2025. Listings spent 39 days on the market in March 2025, and had a median list price of $940,937 during the same period.
From Rocket Homes Real Estate and based on county public records data.