Cash flow opportunity in a well maintained multi-family property conveniently located close to Los Angeles Memorial Coliseum, USC, Manual Arts High School, MLK Elementary, Exposition Park and public transportation. This unique 5-unit property includes 2 duplexes and one single-family structure. Two of the units (1bd/1ba & 2bd/1ba) have been remodeled w/ new kitchens, flooring, waterheater. The building has been partially re-piped w/ copper. Each unit has individual laundry hook-ups and is separately metered for electricity and natural gas. This property also features a larger 6,782 sq ft corner R3 lot for future development (Buyer to verify). Property sold AS-IS. This building is one of the lowest-priced income properties available offering a 5 CAP on current rents!
Sold for $2,300
$2,300
1056 W 42nd Pl, Los Angeles, CA 90037
6beds
6baths
2,979sqft
MultiFamily
Built in 1924
-- sqft lot
$-- Zestimate®
$1/sqft
$4,705 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,705/mo
Zestimate® history
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List your homeWhat's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Cooling
- None
Interior area
- Total interior livable area: 2,979 sqft
Property
Lot
- Size: 6,782 Square Feet
Details
- Parcel number: 5020026023
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1924
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $1/sqft
- Tax assessed value: $749,255
- Annual tax amount: $9,836
Price history
| Date | Event | Price |
|---|---|---|
| 4/11/2026 | Listing removed | $2,450$1/sqft |
Source:  CLAW #26647443 Report a problem | ||
| 3/3/2026 | Price change | $2,450-5.8%$1/sqft |
Source: CLAW #26647443 Report a problem | ||
| 2/4/2026 | Listed for rent | $2,600+4%$1/sqft |
Source: CLAW #26647443 Report a problem | ||
| 11/19/2024 | Listing removed | $2,500$1/sqft |
Source: CLAW #24-457415 Report a problem | ||
| 10/28/2024 | Listed for rent | $2,500+22%$1/sqft |
Source: CLAW #24-457415 Report a problem | ||
| 10/10/2024 | Sold | $2,300-99.8%$1/sqft |
Source: Agent Provided Report a problem | ||
| 9/18/2024 | Listing removed | $2,050$1/sqft |
Source: CLAW #24-430713 Report a problem | ||
| 8/29/2024 | Price change | $2,050-4.7%$1/sqft |
Source: CLAW #24-430713 Report a problem | ||
| 8/22/2024 | Listed for rent | $2,150$1/sqft |
Source: CLAW #24-430713 Report a problem | ||
| 10/13/2020 | Listing removed | $989,000$332/sqft |
Source: Keller Williams-Santa Monica #20562236 Report a problem | ||
| 3/12/2020 | Listed for sale | $989,000+50.2%$332/sqft |
Source: Keller Williams-Santa Monica #20562236 Report a problem | ||
| 10/30/2017 | Sold | $658,500$221/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,836 +1.1% | $749,255 +2% |
| 2024 | $9,732 +1.8% | $734,565 +2% |
| 2023 | $9,560 +8.6% | $720,163 +2% |
| 2022 | $8,805 +1.4% | $706,043 +2% |
| 2021 | $8,686 -1% | $692,200 +1% |
| 2020 | $8,770 | $685,103 +2% |
| 2019 | $8,770 +5.4% | $671,670 +2% |
| 2018 | $8,322 | $658,500 +1769.7% |
| 2017 | $8,322 +860.3% | $35,219 +2% |
| 2016 | $867 +6.6% | $34,530 +1.5% |
| 2015 | $813 -4.9% | $34,013 +2% |
| 2014 | $855 | $33,347 +2.5% |
| 2012 | -- | $32,547 +2% |
| 2011 | -- | $31,910 +0.7% |
| 2010 | -- | $31,673 -0.2% |
| 2009 | -- | $31,750 +6.1% |
| 2006 | -- | $29,922 |
| 2005 | -- | $29,922 +4% |
| 2004 | -- | $28,762 +1.9% |
| 2003 | -- | $28,236 +2% |
| 2002 | -- | $27,683 +4% |
| 2000 | -- | $26,610 |
Find assessor info on the county website
Neighborhood: South Los Angeles
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Nearby schools
GreatSchools rating
- 7/10Menlo Avenue Elementary SchoolGrades: K-8Distance: 0.2 mi
- 3/10Manual Arts Senior High SchoolGrades: 9-12Distance: 0.2 mi
- 2/10Barack Obama Global Preparation AcademyGrades: 6-12Distance: 1 mi
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