Property Detail
Description
517 W 42nd Place is a renovated six-unit multifamily property located just south of USC and Exposition Park. The property consists of four 1BR/1BA units and two studios across two separate buildings, including two larger townhouse-style one-bedroom units in the rear structure. Renovated in 2020 with updated kitchens, bathrooms, flooring, interiors, and exterior improvements. Current gross scheduled income is $113,618, producing a 5.77% current cap rate and 10.50 GRM at the asking price. The existing rent roll offers approximately 6.2% additional rent upside. One renovated one-bedroom unit is currently available for lease at $1,995/month.
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Listing provided courtesy of Alexandro Colombo of Keller Williams Coastal Prop.. Last updated 2026-09-16 08:10:57.000000. Listing information © 2026 CRMLS.
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CA DRE# 01883192
770 1st Ave, Suite 250 San Diego, CA 92101
Based on information from California Regional Multiple Listing Service, Inc., as of 2026 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 the 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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