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12
Map
$1,990,000*
●
Land -
Off Market
836 W 42nd PL
LOS ANGELES, CA 90037
Studio
0 Bath
$1,791,000 - $2,189,000
Reference Base Price*
0.00%
Since Dec 1, 2023
CA-Los Angeles
Primary Model
Sold Apr 11, 2019
$79,000
Buyer
Sold Nov 14, 2018
$645,000
$487,500
by Center Street Lending Fund Iv
Mortgage
About This Property
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.
Unit Size
-
Days on Market
-
Land Size
0.33 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1912
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Nov 18, 2023 | No longer available | - | |
No longer available | |||
Nov 17, 2023 | Relisted | $1,990,000 | |
Relisted | |||
Oct 24, 2023 | No longer available | - | |
No longer available | |||
Oct 13, 2023 | In contract | - | |
In contract | |||
Jun 28, 2023 | No longer available | - | |
No longer available |
Show More
Property Highlights
Building Info
Overview
Building
Neighborhood
Zoning
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Multifamily
8
Beds
3
Baths
5,199 ft²
$413/ft²
$2,149,000
Oct 27, 2023
-
-
In Contract
House
2
Beds
2
Baths
1,175 ft²
$1,447/ft²
$1,700,000
Oct 5, 2023
-
-