836 West 42nd Place

Los Angeles, CA 90037

$1,900,000
Last Sold Price
14,170 / 0.33
Lot Size / Acres

Description

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...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.
  1. Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
  2. Listed by Almog Strikowski • DRE #01986816 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 836 West 42nd Place

Zoning
R3-1 Tier 3
Cross Streets
Between Vermont and Hoover.
Parcel Number
5019005015
Area
Los Angeles Southwest (C34)
Lot Size Area
14170
Source Lot Size Area
Assessor
Present Use
Two Ellised Duplexes
Potential Usage
31 Unit + 1 ADU Residential Project FULLY RTI

Location

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Almog Strikowski, DRE #01986816

Sold By Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Almog Strikowski, DRE #01986816

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LISTING UPDATED: 10/23/2023 03:39 PM

Property Details for 836 West 42nd Place

StatusSold
MLS #23-285095
Days on Market92
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.33 AC
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Almog Strikowski, DRE #01986816

Sold By Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Almog Strikowski, DRE #01986816

Add your commute

Building Information for 836 West 42nd Place

Lot Size0.33 AC

Payment Calculator

$11,751 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,369

Property Taxes

$1,382

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 836 West 42nd Place

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: Other
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Special Zoning: Rent Control
  • Additional Parcel Number: Yes
  • Lot Acreage: 0.33
  • Lot Size Square Feet: 14170
  • Lot Size Dimensions: 103x137
  • Source Lot Size Dimensions: Assessor
  • Lot Description: 2-4 Lots
  • Lot Location: Flats, City
  • Telephone: 1.0
  • Telephone Service: On Property
  • Cable: 1.0
  • Electric: On Site
  • Road Frontage: 103
  • Track Map: None
  • Public Street: Yes
  • Possible New Zone: 31 Unit + 1 ADU RTI Residential Project
  • Reports On File: Soils Report, Survey
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 06-27-2023

Property History for 836 West 42nd Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 836 West 42nd Place

Taxable ValueLand$1,120,081Additions$260,112Total$1,380,193
Tax Record2022$16,579 ($1,382 / month)
Home Facts
Total Finished SqFt3,168 SqFtAbove Grade Finished SqFt3,168 SqFtLot Size6,875 SqFtStyleQuadraplexYear Built1912ZoningLAR3CountyLOS ANGELESAPN5019-006-032

Schools near 836 West 42nd Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 9
Public - 9 to 12
Charter - K to 6
Rating
School
Distance
Menlo Avenue Elementary School
PublicK to 5

Barack Obama Global Preparation Academy
Public6 to 9

Manual Arts Senior High School
Public9 to 12

Global Education Academy
CharterK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Almog Strikowski, DRE #01986816

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.