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836 42nd Place
Los Angeles, CA 90037
Sold
NEW PRICE now that it is Fully RTI! We are pleased to exclusively present for sale a Ready-to-Issue construction project consisting of 31 Residential Units + 1 ADU just south of the LA Memorial Coliseum and Banc of California Stadium. Situated on W. 42nd Pl. between S. Hoover and Menlo Ave., this 14,170 SF R3-1 Tier 3 double-lot has 103 feet of frontage. The property has been Ellised and currently features 2 Duplexes which will be delivered vacant, with Demolition Permits Ready-to-Issue. With a TOC Letter of Determination and a recorded Rental Covenant Agreement, get your construction crew ready! This project is FULLY RTI! The design consists of one Studio, two 1+1, two 2+1, three 3+2, seventeen 4+2, one 4+3, four 5+2, two 5+3. 75% of the project's unit mix are 4 bedrooms and 5 bedrooms, which makes this a fantastic opportunity for Co-Living! 4 units are reserved for Very Low Income tenants and one unit for Extremely Low Income tenants. The property is about a half mile south of the LA Coliseum and Banc of California Stadium, in the backyard of USC and a mile to the Exposition Light Rail Line Station, all a hop and a skip away for future residents. Easy access to 110 & 10 freeways will make an easy commute to DTLA and everywhere else in Los Angeles. The property has the new APN 5019-006-032 that was created from the merger of the two previous APNs (the listed APN no longer exists). A great option for this property is to rent to Section 8 tenants. There are few buildings with this unit mix being built that are not managed by a co-living operator, so this could be a great match for Section 8. Rents for Section 8 have increased as of 11/1/2022.
PROPERTY INFORMATION
| MLS # | 23285095 | Lot Size | 14,170 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,990,000
Price Per SqFt: $ 140 |
DOM | 678 Days |
| Address | 836 42nd Place | Type | Land |
| City | Los Angeles | Sq.Ft. | 14,170 Sq. Ft. |
| Postal Code | 90037 | Garage | N/A |
| County | Los Angeles | Year Built | |
| Bed / Bath | 0 / 0 | Parking | N/A |
| Built In | Status | Closed | |
| Sold Date | 2023-10-20 |
INTERIOR FEATURES
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,123
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/27/2023 | Listed | $1,990,000 |
Topfind Realty
REALTOR®
(844)-333-8033
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Listing provided courtesy of Dario Svidler, Keller Williams Beverly Hills. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
