2601 W 42nd St - Apartments FOR SALE


Los Angeles, CA 90008- Leimert Park
$1,295,000 USD
310-525-3711
2601 W 42nd St, Los Angeles, CA for Sale
$1,295,000 USD
Apartments - FOR SALE
1/5
null | 6.97% Cap Rate

2601 W 42nd St
Los Angeles, CA 90008
Leimert Park


HIGHLIGHTS

  • Five out of the six units have been remodeled during current ownership, offering a strong in-place unit condition profile for a new owner.
  • Recent improvements include new roof (2026), new exterior paint, upgraded exterior lighting, and updated building and unit numbers.
  • Six spacious 1-bedroom / 1-bath units totaling approximately 5,872 rentable square feet. The large unit layouts both appeal to and retain renters.
  • Six single-car garages, providing each unit with valuable on-site parking and/or storage potential.
  • Efficient operating profile, as building is separately metered for water and gas and residential trash service is also paid by tenant.

OVERVIEW

BRC Advisors is offering 2601 W. 42nd St. an opportunity to acquire a well-maintained 6-unit apartment building located in a desirable Los Angeles neighborhood. Situated on a 7,369 square foot corner lot at the intersection of W. 42nd St. and 4th Ave., the property offers strong curb appeal, practical unit layouts, and attractive in-place fundamentals that support long-term investor value. The property consists of six spacious 1-bedroom / 1-bath units totaling approximately 5,872 rentable square feet. The uniform unit mix provides operational simplicity, while the generous floorplans appeal to a broad tenant base seeking functional living space in an established rental market. Current ownership has completed several notable capital improvements, including new roof (2026), new exterior paint, upgraded exterior lighting, updated building and unit numbers, and interior remodeling of five out of the six units. These upgrades enhance both the physical presentation of the asset and its overall tenant appeal, while reducing near-term capital expenditure needs for a new owner. The property also benefits from a highly efficient expense structure, as it is separately metered for water and gas, and features residential trash service paid directly by tenants. In addition, the building offers six single-car garages, a valuable amenity that provides convenience for tenants and further strengthens the property’s rental appeal. With its corner parcel location, remodeled unit interiors, strong utility setup, and garage parking, 2601 W. 42nd St. offers investors the opportunity to acquire a stable multifamily asset with both immediate income characteristics and long-term upside potential.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$221 USD /SF

# OF UNITS

6

PRICE/UNIT

$215,833

CAP RATE

6.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 UNITS LEIMERT PARK - 6.97% CAP & 9.90 GRM!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,370 SF

ZONING

LAR3

APN/PARCEL ID

5023-022-013

ASK ABOUT THIS PROPERTY

Sam GrayeliBRC Advisors - BH, Inc.More Info
310-525-3711

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Sam GrayeliBRC Advisors - BH, Inc.More Info
310-525-3711

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.