836 West 42nd Place
836 West 42nd Place
$1,900,000
14,170 / 0.33
Sold 10/20/23
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.
- Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
- 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 StreetsBetween Vermont and Hoover.
Parcel Number5019005015
AreaLos Angeles Southwest (C34)
Lot Size Area14170
Source Lot Size AreaAssessor
Present UseTwo Ellised Duplexes
Potential Usage31 Unit + 1 ADU Residential Project FULLY RTI
Location
LISTING UPDATED: 10/23/2023 03:39 PM
Property Details for 836 West 42nd Place
Status | Sold |
---|---|
MLS # | 23-285095 |
Days on Market | 92 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.33 AC |
County | Los Angeles County |
Location
Building Information for 836 West 42nd Place
Lot Size0.33 AC
Payment Calculator
$11,751 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 836 West 42nd Place
Property History for 836 West 42nd Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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