
1401 W 42nd Place Los Angeles, CA 90062
Vermont Square NeighborhoodEstimated payment $14,627/month
About This Home
No Rent Control (per zimars site on 8/25/23). $201,600 proforma yearly gross income as estimated. 1031 exchange or buy and use as primary. The standout feature of this property is its premium corner location, situated conveniently close to USC and the Stadium. Comprising of two distinct buildings on the lot, it offers a total of four units. Two of these units are generously sized five-bedroom layouts, while the remaining two units consist of comfortable four-bedroom layouts.
At present, all four units are fully occupied, which makes this property a fantastic investment opportunity. Whether you're seeking a place to call home for yourself or aiming to capitalize on the real estate market, this property is well-suited for both scenarios.
The interior boasts sleek laminated flooring, ensuring a contemporary and low-maintenance aesthetic. Additionally, each unit comes equipped with air conditioning, guaranteeing year-round comfort. The inclusion of dual-pane windows not only enhances energy efficiency but also contributes to a quieter and more peaceful living environment. One of the property's exceptional attributes is its south-facing orientation, which floods the interior spaces with ample natural light. This abundant brightness creates an inviting and vibrant atmosphere, ensuring that each unit feels welcoming and refreshing. In summary, this property's prime corner location, proximity to USC and the Stadium, multiple units with varying bedroom configurations, current full occupancy, modern features like laminated flooring. AC included with dual-pane windows for energy efficiency, and the sunlit interior due to its south-facing aspect make it a remarkable opportunity for both homeowners and investors alike. Figure for net operating income is just Gross Yearly income Proforma figure without any expenses taken out.
Listing Agent
Olsen Realty Brokerage Phone: 949-533-0787 License #01928821 Listed on: 08/14/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $26,442
Year Built
- Built in 2018
Lot Details
- 5,953 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Home Design
- Quadruplex
Interior Spaces
- 5,952 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 18 Bedrooms
- 12 Bathrooms
Listing and Financial Details
- Tax Lot 20
- Assessor Parcel Number 5021016050
- $640 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Gross Income $201,600
- Net Operating Income $201,600
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2025 | $26,442 | $2,187,288 | $1,312,373 | $874,915 |
2024 | $26,442 | $2,144,401 | $1,286,641 | $857,760 |
2023 | $25,935 | $2,102,355 | $1,261,413 | $840,942 |
2022 | $24,737 | $2,061,133 | $1,236,680 | $824,453 |
2021 | $24,414 | $2,020,720 | $1,212,432 | $808,288 |
2020 | $24,662 | $2,000,000 | $1,200,000 | $800,000 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/14/2025 08/14/25 | For Sale | $2,280,000 | -- | $383 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $2,000,000 | Provident Title Company |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Previous Owner | $1,000,000 | Adjustable Rate Mortgage/ARM |
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Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25183557

APN: 5021-016-050
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